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- Five-year-old oil contract now faces
scrutiny
Forensic auditors may be called in to scrutinise transactions
and data between a company contracted by the government in 1999, to service a
lucrative Nigerian crude oil contract and the National Petroleum Corporation of
Nigeria.
- Policy holders' fund a good idea
Towards the end of last year, the Minister for
Finance announced the government's intention to set up a policy holders' protection
fund, as per the provisions of Section 179 of the Insurance Act.
- EAC focuses on internal tariffs
Following failure by EAC states to reach agreement
on a Common External Tariff (CET), focus has now shifted to narrowing the divide
on outstanding tariff lines, ahead of next week's signing. - Firm invests Sh10m in cutting machine
Alltex EPZ Limited has invested more than Sh10
million in a new state-of-the-art cutting machine. This has already been installed
in Alltex’s custom-built garment factory situated at the Athi River Export Processing
Zone.
- The face of KBL's assault on low
income consumers
A young man, with an emaciated look about him, saunters
from the rickety off-license bar, his feet barely touching the ground. His foaming
mouth is in top gear, shouting all manner of profanities. - Changing face of the audit industry
As auditing gets more sophisticated, and its
role as a measure of corporate governance becomes more integral, the use of more
efficient methods has gained ascendancy. Business Editor WASHINGTON AKUMU interviewed
the partner in charge of information risk management at KPMG, BRIAN D'SOUZA (right)
on data analysis and other related issues.
- Health firm now counts its losses
In a move indicating the increasingly difficult
times in the industry, yet another company in the business has closed its health
management division. |
