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Friday, November 15, 2019

NEWS

State to buyout KQ, delist it from NSE

KQ Buyout: The national government is set to buyout the troubled national carrier Kenya Airways. The government will buy out Air France-KLM, local banks and more than 80, 000 individual shareholders from Kenya Airways. KQ is 48.9 percent government-owned, 38.1...

Revealed: Kenya pays Uhuru’s mom over Sh. 500,000 monthly salary

Mama Ngina Salary: It has now emerged that taxpayers have been paying mama Ngina Kenyatta a salary of over Sh. 500,000 every month. According to a report that appeared in the Business Daily on Friday, Mama Ngina has been getting...

Co-op Bank’s net profit soars to Sh. 11 billion in nine months

Co-op Bank 3rd Quarter Results: The Co-operative Bank Group has posted Sh. 15.45 billion profit before tax for the third quarter of 2019 compared to Sh. 14.64 billion that the bank posted in the same period in 2018. Profit...

Martin Oduor Otieno appointed EABL Chairman

Martin Oduor Otieno EABL: Former Kenya Commercial Bank chief executive officer Martin Oduor Otieno has been appointed as the EABL chairman. Mr. Otieno will assume the chairmanship from January 1 2020. He will replace current chairman Charles Muchene who will...

I’d like to remain as Equity CEO until age 75, says James Mwangi

James Mwangi Equity CEO: Equity Bank chief executive officer James Mwangi has said that he is not planning to retire anytime soon. The chief executive officer has been reported as saying that he would like to retain his top...

How poverty led Kenyan to hide, fall from KQ’s landing gear in London sky

Plane Stowaway: This feature was first published by Sky News: It was sunny and warm on 30 June as residents in south London finished their lunch and unwound on a leisurely Sunday afternoon. But the peace was shattered in Offerton...

I don’t know why Kenyans are broke, says Uhuru

Economy Under Uhuru: Kenya is in the red. The economy is doing bad. Debts are piling up. There is no money in the pockets of Kenyans. And shockingly, President Uhuru Kenyatta - the man tasked with leading the country...

Co-op Bank, CFAO Kenya partner to finance farm machinery and equipment

Farm Machinery Loans in Kenya: Farmers in Kenya now have a more affordable opportunity to access farm machinery and equipment following the signing of a deal between Co-operative Bank and CFAO Kenya Ltd (formally Toyota Tsusho East Africa Ltd)....

Dola, Jembe, 210, Kifaru, Starehe maize flours banned in Kenya

Maize Flour in Kenya: The Kenya Bureau of Standards (Kebs) has banned five maize flour brands. KEBS on Saturday announced that it had banned Dola, Jembe, 210, Kifaru, Starehe maize flours over high aflatoxin levels. Dola is manufactured by Kitui...

Over 100,000 Kenyans shop on Jumia as Black Friday launches

Black Friday in Kenya: The annual event dubbed Jumia Black Friday kicked off on Thursday, November 9th, at 11:59pm. The event, which will run for 3 weeks, saw tens of thousands of Kenyans log on the largest e-commerce platform...
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Latest News

State to buyout KQ, delist it from NSE

KQ Buyout: The national government is set to buyout the troubled national carrier Kenya Airways. The government will buy...
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Revealed: Kenya pays Uhuru’s mom over Sh. 500,000 monthly salary

Mama Ngina Salary: It has now emerged that taxpayers have been paying mama Ngina Kenyatta a salary of over Sh. 500,000 every month. According to...

Co-op Bank’s net profit soars to Sh. 11 billion in nine months

Co-op Bank 3rd Quarter Results: The Co-operative Bank Group has posted Sh. 15.45 billion profit before tax for the third quarter of 2019 compared...

From poor Mandera village to multi-millionaire businessman

Somali Millionaires: Growing up in the rough and dry terrains of the remote village of Girissa Rhamu in Mandera County, Saeed Abdirahman’s life appeared...

Martin Oduor Otieno appointed EABL Chairman

Martin Oduor Otieno EABL: Former Kenya Commercial Bank chief executive officer Martin Oduor Otieno has been appointed as the EABL chairman. Mr. Otieno will assume...