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KenolKobil’s 2014 net profit hit Sh1bn mark
The increase is attributable to continued cost cutting by the company which has lowered financial costs as well as reducing net borrowing/FILENAIROBI, Kenya, Mar 25 – KenolKobil’s 2014 net profit hit...
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KQ says no flight cancellations despite go-slow
Kenya Airways has been experiencing some delays owing to the go-slow that has affected scheduled flights. NAIROBI, Kenya, Mar 27 – National Carrier Kenya Airways (KQ) has denied claims of any...
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REAT gets approval to acquire Rea Vipingo
Centum will acquire a total of 9,646 acres of land in Vipingo at a price of Sh180,000 per acre as well as take Rea Vipingo’s subsidiary, Vipingo Estates Limited which owns approximately 900 acres of...
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Top performing banks in 2014
KCB pretax profit for 2014 rose 18 percent to Sh23.79 billion helped by a rise in interest income The financial sector in Kenya has seen the most consistent growth over the last four years. In 2013,...
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Following your passion takes sacrifice, but it’s worth it: Muthoni Njoba
Photography – Clement; Model – Kui Blaek; Courtesy of Muthoni Njoba In the pursuit of her dream, Muthoni Njoba quit her cooperate job to follow her passion – to be makeup artiste. That didn’t go well...
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Keroche brewery opens Sh5.5bn production line
She said the brew house will guarantee that the brand Summit can compete here at home regionally and globally. NAIROBI, Kenya, Mar 31 – Keroche Breweries has officially opened its new Sh5.5 billion...
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Kenya’s tourism sector says Karibu to Obama
Kenya will co-host the summit with the government of the US from July 24 to July 26, 2015. This will be the first visit by a sitting US President to Kenya. NAIROBI, Kenya, Mar 31 – The Kenya Tourism...
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Business titans laud Uhuru’s purge on graft
Billionaire Chris Kirubi said on Tuesday that the move to fight corruption will take the nation to another level/FILENAIROBI, Kenya, Mar 31 – Industrialists have joined in the list of the leaders...
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Kingsway, Total in tyre and fuel save promotion
The offer which runs until April 15, 2015 also gives motorists a 35 percent discount for these purchases/CFMNAIROBI, Kenya, Apr 1 – Kingsway Tyres Limited have partnered with Total Kenya to offer...
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We are tired of your travel warnings, Uhuru tells the West
The president said it was unfair for Western countries to continue issuing travel warnings yet terrorism was a threat being faced by the whole world, including major European capitals/FILENAIROBI,...
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Kenyans abroad sent home Sh11.4bn in February alone
Remittance inflows from North America accounted for 49.4 percent of total inflows in February 2015 and recorded the highest increase of 14.3 percent during the month. NAIROBI, Kenya, Apr 1 – Diaspora...
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Wines of the World merges with ASL
WOW has been in operation for 23 years and distributes key international brands including Jack Daniels, Bacardi, Remy Martini, Macallan, William Lawson, Cutty Sark, Southern Comfort among others....
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Equity owners approve massive expansion plan
Equity Group CEO James Mwangi. Photo/ FILE NAIROBI, Kenya, Apr 8 – Equity Group shareholders have approved Sh20 billion Pan African expansion plans that will see the group expand its continental reach...
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Home Afrika issues 2014 profit warning
The company anticipates continued utilisation of the proceeds from the Sh500 million debt issue in project development over the first half of 2015 with benefits achievable in the second half of...
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Kenya attracting investments despite insecurity
Wrigley (a US based chewing gum maker) breaking ground on a new Sh5.8 billion factory in Mavoko on a 20 acre piece of land and it aims to double its production capacity as it relocates from the...
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Motorists to pay less for petrol, more for diesel
In Nairobi a litre of petrol will retail at Sh89.35 a litre, diesel will retail at Sh77.48 a litre and kerosene will retail at Sh57.21. NAIROBI, Kenya, Apr 14 – Kenyans will pay less for super petrol...
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Banks spend Sh5bn to lay off 900 staff in three years
NAIROBI, Kenya Apr 15 – The banking sector has spent over Sh5 billion in the last three years in staff restructuring programs as the financial sector seeks to cut down staff costs and improve...
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Reinsurers body penalized for unfair practice
CAK carried out investigation following a complaint lodged by the National Intelligence Service (NIS) where AKR had advised its members on the minimum applicable premiums on the renewal of NIS Group...
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Authority seeks to regulate ads on TV and radio
The regulator has released a programming code for free-to-air content for radio and television services in Kenya for public review and feedback before implementation/fileNAIROBI, Kenya, Apr 15 –...
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Coca Cola Foundation boosts water kitty
The funding will help to improve the lives of more than a total of six million Africans through sustainable access to safe water; sanitation and hygiene (WASH) by 2020/FILENAIROBI, Kenya, Apr 15 – The...
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