Eight of the 11 NSE listed banks have shed value this year. This comes as the banking the sector dropped by nearly Sh. 53.4 billion in market capitalization to stand at Sh. 605 billion since January.
Among the top 10...
Foreign companies opening offices in Kenya will be required to cede at least a third of their shareholding to locals after Attorney General Githu Muigai fully operationalized the newly enacted Companies Act 2015.
The new law requires that foreign companies...
Taking the big leap and starting your own business is exciting and nerve-wracking in equal measure. Since you put in lots of time, money and energy into this baby, it had better stand the test of time. These factors...
Chinese engineering group China Wu Yi has won a Sh16.4 billion contract for the expansion of a 25km stretch of Waiyaki Way that could see the highway expanded to a six lane.
The new road will start from James Gichuru...
Sameer Africa is set to launch a real estate division to develop commercial property in an effort to diversify from its core business, which has recorded a sharp decline.
“To cushion the group’s profitability against the volatility of its tyre...
Kenya Airways has received Sh10 billion soft loan from the National Treasury. The loan is expected to give the troubled airline cash to implement its turnaround strategy.
The national treasury borrowed the cash from China’s Afrexim Bank. “We have already...
Safaricom has started testing a new Lipa na M-Pesa pin-based card that is linked with Safaricom customers' M-Pesa accounts.
The ‘Lipa Na M-PESA’ debit card is currently undergoing a pilot phase amongst Safaricom staff with plans to extend the service...
The controversial tenure of National Oil Corporation of Kenya (NOCK) CEO Sumayya Hassan-Athmani has ended. In her position, an acting CEO has been appointed.
According to Nock, Ms. Hassan-Athmani, whose second three-year term was due to end in April 2017,...
They are only needed in small quantities; farmers may think they are inconsequential judging from their minute quantities on the ingredient list but these micro-nutrients play an equally important role just like the major nutrients in the league of...
Kenya Meat Commission (KMC), has sent home 119 employees following staff rationalization programme meant to cut operation costs.
KMC says the latest turnaround plan aimed at cutting costs goes hand in hand with its ongoing Sh1.8 billion modernization programme.
“KMC has...
