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Kenya
Wednesday, October 23, 2019

INVESTMENT

Kenyatta family now own Sh. 6.6 billion stake in NCBA bank

Kenyatta Family Business Empire:The Kenyatta family now own a stake worth over Sh. 6.6 billion in the merged NIC Group and CBA Group banks. According to a report that appeared in the Business Daily on Wednesday, the "combined business of...

Pan-African Equipment Group invests Sh. 0.5 billion in new Kenyan office

Pan-African Equipment Group: Pan-African Equipment Kenya Limited has announced the official opening of its new offices in Nairobi which will also double as its East Africa headquarters. This comes as the company eyes for mid and long term market growth...

Joe Wanjui Profile: Biography, Family and Businesses

Joe Wanjui Profile: Billionaire businessman Joe Wanjui is a director at UAP Holdings. He is perceived as one of Kenya's most shrewd businessmen with international business connections. He has been a Chancellor of the University of Nairobi. Until 1996: Managing...

How Jimnah Mbaru made Sh. 900 million from Britam share sale

Jimnah Mbaru Net Worth: In April 2019, prominent Nairobi Securities Exchange investor Jimnah Mbaru was reported to have made some Sh. 450 million after selling his shares in Britam. The businessman sold 50 million Britam Holdings shares to Zurich-based...

Fight in Raila’s home: The millions Ida, Fidel’s widow are fighting over

The fight in Raila's home: This was the big story that was to be headlined by The Standard newspaper on Monday. The story, though did not run. Apparently, says reports, former prime minister Raila Odinga found out about the...

Kenyans to pay Sh. 155 per day each to use JKIA-Westlands expressway

JKIA Westlands expressway: An expressway that will link the Jomo Kenyatta International Airport (JKIA)– and James Gichuru Road in Westlands Nairobi was launched on october 16 2019 by president Uhuru Kenyatta. When the expressway is completed in December 2021, Kenyans...

Why Kenyans risk losing billions of savings in Saccos

Saving in Sacco: The following feature on saving in sacco was first published by The Standard: Savers risk losing billions of shillings as authorities crack the whip on co-operatives. Thousands of institutions are facing imminent closure as a result of...

Ghost investors own Sh. 100 billion wealth on NSE

NSE Biggest gainers: The following feature was written BY GITAHI NGUNYI. Faceless investors control more than Sh. 100 billion in listed companies at the Nairobi Securities Exchange. A survey on 32 listed blue chip companies found that secretive investors...

Meet shy Kenyan billionaire building Sh. 200 billion industrial park

Kenyan billionaire: By all measures, David Langat plays in the billionaire’s league. And if the 52-year old is not in the league of the super rich, then his current plan to build a Sh200 billion industrial park in Eldoret...

KCB lists new ‘NBK’ shares for trading on NSE in takeover move

KCB Shares on NSE: KCB Group Plc has listed an additional 142,979,717shares at the Nairobi Securities Exchange (NSE) following the successful acquisition of the National Bank of Kenya (NBK). Effectively, NBK shareholders who swapped their shares for those of KCB...
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Latest News

Safaricom Announces New Strategy, No Expiry Bundles

Safaricom (NSE: SCOM) has today marked 19 years since the company launched by unveiling a new strategy and renewing its...
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Moi University assembles, unveils own laptops, servers

Moi University Digital Assembly: Moi University in partnership with jp.ik, a portuguese Information and Communication Technologies company, has unveiled a range of premium ICT...

Safaricom, EABL, Bidco in top 100 best employer in Kenya list

Best Employer in Kenya: The 2019 list of the most preferred employers is out. Telecommunications giant, Safaricom once again topped the list of the...

Kenyatta family now own Sh. 6.6 billion stake in NCBA bank

Kenyatta Family Business Empire:The Kenyatta family now own a stake worth over Sh. 6.6 billion in the merged NIC Group and CBA Group banks. According...

Safaricom introduces data, call, SMS bundles without expiry dates

Safaricom Bundles: Leading telecommunications giant Safaricom has become the first mobile services provider in Kenya to introduce non expiry data, voice and short message...