Clik here to view.
Private sector has lost Sh700Bn over election period – KEPSA
The Alliance wants the Thursday polls to go on as planned in a bid to save the wrecked economy. NAIROBI, Kenya, Oct 24 – Kenya’s private sector has so far lost about Sh700 billion as the prolonged...
View ArticleClik here to view.
Shilling shows resilience but concerns remain over current account deficit
On a year to date basis, the shilling has depreciated against the dollar by 1.2 percent/FILE NAIROBI, Kenya, Oct 30 – Economic experts predict a stable shilling against the dollar in the short term but...
View ArticleClik here to view.
Equity Bank Kenya drags group’s performance as profit drops 3pc in Q3
Mwangi says the banking sector has seen declining profits as a result of the rate cap law but adds that it has been a blessing in disguise. “It has made us focus on efficiency.”/FILE NAIROBI, Kenya,...
View ArticleClik here to view.
Nakumatt files for voluntary administration, PKF consultant to take over...
Nakumatt considers that the administration route provides it with the best opportunity to effectively restructure its business/FILE NAIROBI, Kenya, Oct 31 – Troubled retailer Nakumatt has applied for...
View ArticleClik here to view.
Uber to provide insurance cover for riders
The insurance policy took effect from October 16, 2017 and continues to be available to all riders using Uber. NAIROBI, Kenya, Oct 31- Uber has partnered with First Assurance Company Limited to provide...
View ArticleClik here to view.
Inflation in October drops to 5.7pc, lowest in 17 months
The food and non-alcoholic index dropped by 1.78 per cent between September and October 2017 while year-on-year food inflation dropped by 8.7 percent August/FILE NAIROBI, Kenya, Oct 31 – Inflation in...
View ArticleClik here to view.
Kenya moves 12 positions in Global Ease of Doing Business
According to the report, Kenya improved the reliability of electricity by investing in its distribution lines and transformers and by setting up a specialized squad to restore power when outages...
View ArticleClik here to view.
KenGen confirm Rebecca Miano as MD and CEO
Miano, who until her appointment was KenGen’s Company Secretary for eight years, is the first woman to hold the position since the company was established. NAIROBI, Kenya, Nov 1 – Kenya Electricity...
View ArticleClik here to view.
Second Madaraka Express service to depart Nairobi and Mombasa at 3:30pm
The Madaraka Express has transported approximately 337,000 passengers, with 90 percent capacity on average/CFM NAIROBI, Kenya Nov 1 – Kenya Railways (KR) has introduced a second train on the Madaraka...
View ArticleClik here to view.
Nairobi only used 14pc of budget on Development in 2016-2017
According to their Annual Report, the county’s recurrent expenditure that includes salaries, allowances, office supplies hit Sh20 billion representing 78 percent of total revenue for the period/FILE...
View ArticleClik here to view.
Safaricom’s profit grows as firm says Collymore’s absence won’t impact...
Safaricom says the CEO will be away for months to receive specialized medical treatment/FILE NAIROBI, Kenya, Nov 3 – Safaricom Chairman Nicholas Ng’ang’a says the company will continue to perform...
View ArticleClik here to view.
KQ partners with Europe tour operator to boost tourism
Under the partnership, TUI (formerly known as Thompson) will book its Kenya-bound customers on Kenya Airways and KLM flights/FILE NAIROBI. Kenya, Nov 6 – Kenya Airways and KLM have partnered with one...
View ArticleClik here to view.
Jubilee Insurance feted in Agent Awards
R-L Chairman Jubilee Holdings Nizar Juma & CEO Jubilee Insurance Kenya Patrick Tumbo NAIROBI, Kenya, Nov 6 – Jubilee Insurance scooped four awards at this year’ Insurance Agents Choice Awards that...
View ArticleClik here to view.
Tourists from the UK up by 9.7pc
During the period UK tourist arrivals hit 78,930 compared to 71,958 in 2016/FILE NAIROBI, Kenya, Nov 6 – Tourists from the United Kingdom have increased by 9.7 percent between January and September...
View ArticleClik here to view.
Foreign investors at the NSE take cautious approach
Foreign investors are expected to demand higher premiums due to political risks posed by elections and economic risk due to the planned rate hikes by the US Federal Reserve. NAIROBI, Kenya, Nov 7 –...
View ArticleClik here to view.
Election fever hits Kenya’s economy with loss of Sh130Bn
The economy has shed 1 percent of the GDP due to the prolonged elections/FILE NAIROBI, Kenya, Nov 7 – Losses from the prolonged electioneering period in Kenya has hit Sh130 billion and estimated at 1...
View ArticleClik here to view.
Kenya writes protest note to Tanzania over auction of cows, burning of chicks
Foreign Affairs Cabinet Secretary Amina Mohamed says talks are ongoing with Tanzania counterparts to see a lasting solution over recent trade spat between the neighbors/FILE NAIROBI, Kenya, Nov 8 –...
View ArticleClik here to view.
Kenya signs agriculture bilateral deals with Ireland
Ireland’s Minister for Foreign Affairs Simon Coveney, who also visited Somalia and Ethiopia earlier in the week, presented a five-year plan on Ireland and Kenya to collaborate in agriculture./CFM...
View ArticleClik here to view.
NASA boycott insignificant to the economy – Treasury CS Rotich
National Treasury Henry Rotich says the boycott called by the National Super Alliance has no place in modern Kenya. NAIROBI, Kenya, Nov 9 – National Treasury Cabinet Secretary Henry Rotich says the...
View ArticleClik here to view.
11 banks to acquire 38.1pc stake in Kenya Airways
the KQ Lenders Company that compromises of 11 banks will also take over 38.1 percent stake in the company through the conversion of their Sh17.3 billion debts to equity/FILE NAIROBI, Kenya, Nov 13 –...
View Article