Nairobi Securities Exchange listed Unga Group is set to exit the bakery business by selling its subsidiary Ennsvalley Bakery. This comes after the bakery business failed to break even in the market. This will see Unga sell off its...
The late industrialist billionaire Chris Kirubi's firm Centum Investments has posted the first full year loss in over 40 years. The company posted a net loss of Sh. 1.37 billion in the full year ended March 2021.
This was drop...
Ekeza Refunds: members of the troubled Ekeza Sacco have received compensation amounting to Sh. 750 million. This has come in refunds of cash and land.
The sacco is associated with David Gakuyo who was required to forfeit property under his...
Safaricom managers received 16.4 million shares with a current market value of Sh. 700 million for free. The managers got these shares in the financial year ended March 2021.
The share allocation was termed as compensation for their past performances...
Uhuru UK Tour: The United Kingdom has demanded that President Uhuru Kenyatta takes a Covid-19 together with his entire delegation before traveling to the UK. At the same time, the UK has demanded that Uhuru and his team produce...
Isuzu East Africa is planning to start producing up to 11,000 vehicles in Kenya annually. This was revealed by Isuzu East Africa chief executive officer Rita Kavashe. The announcement comes as Isuzu marks the production of 100,000 vehicles since...
Young people engaged in the boda boda business are set to benefit from a partnership between the Co-operative Bank Foundation and the German Development Cooperation (GIZ). This partnership will now enhance the employment and business growth for 3,000 riders...
The dirty games that have been raging behind at SportPesa can be revealed. Apparently, Ronald Karauri is the major shareholder of Milestone Games Limited, the company behind the late 2020 controversial takeover of SportPesa. Karauri has also been the...
Nil Returns KRA: Kenya Revenue Authority is now set to limit the number of times Kenyans can file nil returns. According to the new plans, KRA will limit the number of times that a person can file nil returns...
Kenya Power Meter Reading: Kenya Power has been stopped from using service men and women from the National Youth Service to read meters. This is after more than 300 workers at Kenya Power rushed to court to block the...
