Narendra Raval Fertilizer Business: Billionaire businessman Narendra Raval has pumped Sh. 1.8 billion into a fertilizer plant his firm acquired in the buyout of ARM Cement. This investment is now set to increase the plant's production capacity by three...
StanChart Mobile Loans: The Standard Chartered Bank is set to start giving mobile loans after receiving approval from the Central Bank of Kenya.
The bank is now expected to launch the mobile lending service within he next few weeks in...
Narendra Raval Mumias Bid: Industrialist Narendra Raval is seeking to take over the collapsed Mumias Sugar in an ambitious bid to revitalize it. The steel billionaire says that his primary aim is not to make money, but to bring...
Leading telecommunications giant Safaricom has announced that it made a loss of Sh. 314 million in its M-Pesa Africa business. M-Pesa Africa is a joint venture that the firm runs in partnership with Vodacom. This loss was realized in...
Single Rentals: In urban areas, developers of single-room houses have been gaining better returns and demand compared to two-bedroom flats and three-bedroom maisonette. The the average cost of the small units crossed the Sh.4, 000 four years ago and...
NHIF Payments in Kenya: The government is set to introduce new health reforms that will see every household in Kenya pay a mandatory annual health coverage fee of Sh. 6,000.
This has been revealed by the cabinet secretary for the...
Nginyo Kariuki Wealth: Children of the late billionaire Lawrence Nginyo Kariuki are rocked in a bitter fight over the control of a Sh. 4 billion estate left behind by their father.
The fight has seen James Anthony Kariuki and his...
KCB BPR BancABC Acquisition: KCB Group is now set to buyout two banks in Rwanda and Tanzania. This is after the lender's shareholders approved the proposal to acquire up to 100 per cent of the issued ordinary shares in Banque...
Gakuyo Land Deals: The government is staring at a multi-million loss after acquiring land from a company that is linked to controversial preacher and land seller David Ngari alias Gakuyo.
According to media reports, the government through the County Government...
Kidero Net Worth: Former Nairobi Governor Evans Kidero blew Sh. 418 million within months in an attempt to get re-elected as the Governor of Nairobi.
According to a breakdown of the spending that was published in a local daily from...
