Atlas Africa Industries made a net loss of Sh3.42 billion loss for the 18 months ended December 2015. The huge loss was blamed on the closure of its Kenyan business.
“For the period under review we are reporting losses of...
Kenya Airways has cancelled all flights as the on-going strike by its pilots begin to bite.
The national carrier on Thursday evening announced that all flights apart from KQ 168 to Mombasa scheduled for 9pm and KQ619 from Mombasa scheduled...
Family Bank has appointed David Thuku as its new CEO to replace Peter Munyiri who is set to leave in June when his contract expires.
Mr Thuku, an insider of the home-grown lender, has served as Family Bank’s Director of...
Kenya Airways secured a court order on Wednesday stopping a strike due to start on Thursday by pilots calling for the airline's chief executive to quit.
The airline and the Kenya Airline Pilots Association (KALPA) then issued a joint statement,...
Flame Tree Group has recorded a 17 per cent increase in full year net profit to Sh179 million boosted by growth in products sales.
Earnings per share increased by 15.8 per cent to Sh. 1.10 from Sh. 0.95 the previous...
1. Aliko Dangote (Nigeria), $16.7bn
Dangote owns 90% of publicly traded Dangote Cement through a holding company – a percentage that exceeds the 80% ownership ceiling set by the Nigerian Stock Exchange. Dangote's spokesperson told Forbes that the company has...
1). Be cautious. Approach the car dealership like you approach a very appealing new date. You know how careful, even hesitant you can be when you see a fascinating stranger? That attitude works really well when it comes to...
Chase Bank depositors can now breathe easy as the bank is set to resume normal operations today. This follows a three week agonizing period during which Chase Bank has been closed and under receivership.
The bank will reopen doors in...
Local entrepreneurs will now get a chance to get funding for their business ideas. This after the Kenya Commercial Bank (KCB) and Nation Media Group's NTV partnered to launched a local version of the popular Shark Tank funding program...
Investment bank Dyer & Blair has launched a securities trading app which will enable investors to trade from their smart phones.
This follows the development of an android app dubbed 'Edge'. “You can monitor your stock watch list, execute trades...
Kenya’s growing employment opportunities and rising household incomes are driving demand for high-quality and energy-efficient home appliances, creating a...
