A nephew of the former late president Daniel Arap Moi is set to be auctioned to recover debt of Sh. 378.61 million. The debt will be recovered from Hosea Kiplagat who was also a powerful politician during the Moi...
The InterContinental Hotel has shut down its operations in Kenya. The hotel has also sacked all employees. The hotel’s general manager Oliver Geyer told employees in a notice that all workers are now redundant and that it would terminate...
Michael Joseph Biography: Michael Joseph is the new board chairman at Safaricom. He took over from long serving chair Nicholas Ng'aNg'a who has gone into retirement.
Joseph successfully headed Safaricom from 2000 to 2010 when he stepped down for the...
A company based in Thika is set to receive nearly SH. 1 billion funding from the World Bank Group's International Finance Corporation (IFC). Blue Nile Rolling Mills will receive Sh. 862 million.
The loan is part of the company's bid...
Richest PS in Kenya: Permanent Secretaries in the current government are worth hundreds of millions. At one point in 2013, the PSs were worth Sh. 1.7 billion, with the then Transport PS Wilson Irungu leading the pack as the...
Naivas Supermarket has entrenched its position as the leading local retailer in Kenya. This follows the successful sale of a 30 per cent stake that has raked in Sh. 6 billion and taken the retailer's value to SH. 20...
On Monday, it was revealed that the larger Awori family had raised some Sh. 800 million to bail out on of its members, Grace Wakhungu. How this money was raised has sparked a debate that has cast the family...
Top Kenyan Businesses: Nearly five months have passed since Kenya confirmed her first case of the coronavirus disease dubbed Covid-19. The first case of the viral scourge was confirmed by the National Influenza Centre laboratory at the National Public...
The Awori family has raised a whopping Sh. 800 million to bail out 79-year-old Grace Wakhungu who is in jail. The family went on record fr raising some Sh. 500 million in a record two hours after Grace was...
Tuskys News: Tuskys Supermarket is grasping on straws and needs Sh. 2 billion immediate capital injection to survive.
This has been revealed through a board meeting of the retailer's invest vehicle known as Orakam Holdings.
“Tuskys’ current financial position is very weak...
