Clik here to view.
CMA extends suspension of trading Athi River Mining shares
All shareholders, investors and the general public are asked to take note of the suspension. NAIROBI, Kenya, Sep 28 – The Capital Markets Authority (CMA) has extended the suspension of trading of Athi...
View ArticleClik here to view.
Unga Group exit from Uganda pumps in profits
Feed volumes increased significantly with most categories recording positive growth NAIROBI, Kenya, Sep 28 – Unga Group has posted a net profit of Sh783 million for the period ended June 30, 2018, from...
View ArticleClik here to view.
Trading resumes at NSE after technical hitch
NSE says the challenges were experienced by a dependent System of the Automated Trading System (ATS) delaying commencement of trading activities/file NAIROBI, Kenya, Oct 1 – Trading activity has...
View ArticleClik here to view.
Rainfall pushes Kenya’s GDP to 6.3pc in second quarter
The growth is attributable to favourable weather conditions as the country experienced heavy rains that impacted positively on most of the agricultural and generation of hydroelectricity...
View ArticleClik here to view.
Kenya ahead of its peers for investing in health and education
According to the study, nations failing to invest in health and education are at risk of stagnating economies and lower per capita GDP/FILE NAIROBI, Kenya, Oct 1, – Kenya is ranked the best in the...
View ArticleClik here to view.
Total Kenya appoints Olagoke Aluko new Managing Director
Last month the company appointed Jean Philippe Torres, a French national as chairman of the board effective September 5, 2018/FILE NAIROBI, Kenya, Oct 3 – Total Kenya has appointed Nigerian Olagoke...
View ArticleClik here to view.
Hilton hotels to invest Sh100mn in Africa’s tourism
Hilton has been operating continuously in Africa since 1959 and has 53 properties in its development portfolio/FILE NAIROBI, Kenya, Oct 3 – New York listed hotel chain Hilton has announced an initial...
View ArticleClik here to view.
KATA welcomes South Africa’s relaxed visa regulations
KATA Chief Executive Nicanor Sabula says new regulations are crucial and will help increase the number of Kenyan tourists that visit South Africa/cfm news NAIROBI, Kenya, Oct 3 – The Kenya Association...
View ArticleClik here to view.
Hilton opens Sh2.5bn Garden Inn hotel near JKIA
The hotel will have a maximum of 175 rooms and has created 110 full-time direct jobs as well as opportunities for sub-contractors and entrepreneurs responding to the hotel’s demand for products and...
View ArticleClik here to view.
Nairobi bourse among 6 new members admitted to WFE
Other entrants include the London Stock Exchange Group, China Securities Depository and Clearing Corporation and Tunis Stock Exchange among others/FILE NAIROBI, Kenya, Oct 4 – The Nairobi Securities...
View ArticleClik here to view.
SACCOs, MFIs catch up with banks in share of personal loans
Household private debt has flattened at approximately Sh65,000 since the rate cap was introduced in September 2016/FILE NAIROBI, Kenya Oct 9 – SACCOs and microfinance lenders have caught up with banks...
View ArticleClik here to view.
Insurance Agents threaten to name and shame rogue hospitals
According to the Insurance Regulatory Authority, Medical and Motor classes had the largest share of claims incurred at 36.7 percent and 47.8 percent respectively. NAIROBI, Kenya, Oct 11 – Insurance...
View ArticleClik here to view.
Nairobi traders to protest Govt crackdown on substandard goods
In August, the small-scale traders and importers in Nairobi sought a petition from the Senate seeking the release of their consignments from the Port of Mombasa NAIROBI, Kenya, Oct 15 – Nairobi Traders...
View ArticleClik here to view.
Safaricom marginally loses market share to Airtel and Telkom in Q4
As July 2018, 727 million transactions valued at 1.9 trillion Kenya Shillings were made between 1st April 2018 and 30th June 2018/FILE NAIROBI, Kenya, Oct 15 – Safaricom has lost its market share by...
View ArticleClik here to view.
KCB, NSE and Safaricom top corporate governance ranking
The ranking is based on 24 metrics that consider different aspects of governance, including board composition, diversity, board independence, remuneration and overall transparency. NAIROBI, Kenya, Oct...
View ArticleClik here to view.
Kenyan stocks to watch out for in the insurance sector
NAIROBI, Kenya, Oct 17 – Britam, Jubilee Insurance, Liberty Kenya and Kenya Re-Insurance are the stocks to look out for in Kenya’s insurance sector. This is according to analysts at Genghis Capital...
View ArticleClik here to view.
SportPesa coy on IPO plan
NAIROBI, Kenya, Oct 18 – Betting firm Sportpesa is non-committal on claims that it plans to go public, as reported by Bloomberg Business. The firm told Capital FM Business that, “as and when...
View ArticleClik here to view.
Lake Turkana Wind Power project to connect 365 turbines to the grid
The turbines have a total capacity of 310 Megawatts that will be supplied to the national grid./FILE NAIROBI, Kenya, Oct 22 – 365 turbines from the Lake Turkana Wind Power project will be connected to...
View ArticleClik here to view.
Tatu Industrial Park attracts 40 firms investing Sh50b
The companies are spread across diverse sectors, including energy, light manufacturing, assembly and distribution, warehousing, FMCG, agri-industry, F&B and construction. NAIROBI, Kenya, Oct 23 –...
View ArticleClik here to view.
Lafarge opens four hardware shops at Sh40m
The company has an ambition of opening over 200 stores in the country by 2020. NAIROBI, Kenya, Oct 24 – Global Construction Material and solutions firm, LafargeHolcim, has invested Sh40 million in...
View Article