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Sarova Hotels announces new Board Chairman


The Board of Directors of Sarova Hotels, left without a substantive Chairman since the passing of Channi Vohra in mid-October of last year, announced over the weekend the appointment of John Kariuki a
The Board of Directors of Sarova Hotels, left without a substantive Chairman since the passing of Channi Vohra in mid-October of last year, announced over the weekend the appointment of John Kariuki as the new Chairman of the company.
John, well known to this correspondent since his early days in Kenya, was on board from the early stages when Sarova Hotels was formed in the early 1970s, and for an extended period of time, in fact, served as the company’s Executive Director at the head office, back then located at the New Stanley Hotel. ....

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ICDC gets new lease of life in parastatals' restructuring


THE STANDARD
FINANCIAL STANDARD
Amidst the daily chaos of a city forever in a rush, Uchumi House Towers on Nkrumah Avenue stands stoically as it has for almost 50 years now.
Kencom House shields the building from the matatu madness at the Kencom bus terminus.
Unknown to the milling crowds below, the drab concrete block is the new seat of power of one of the government’s most influential agencies.
The Industrial and Commercial Development Corporation (ICDC), which is housed in the 21-storey Kanu-era relic, is now set to control Kenya’s richest parastatals with assets worth over Sh685 billion and annual revenues of Sh72 billion. ....

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