CBK Approves Equity Bank's Acquisition of Teacher's Owned Spire Bank
Equity Bank Kenya is set to commence the acquisition of certain assets and liabilities of Spire Bank Limited following approvals from the Central Bank of Kenya and the National Treasury, [...]
CBK Licenses 12 Digital Credit Providers
The Central Bank of Kenya (CBK) has licensed 12 Digital Credit Providers (DCPs). This is under Section 59(2) of the Central Bank of Kenya Act (CBK Act). The licensed Digital [...]
Kenya Breweries Ltd Appoints Mark Ocitti as Managing Director
Kenya Breweries Ltd (KBL), a Diageo/East Africa Breweries Limited (EABL) subsidiary, has announced the appointment of Mark Ocitti as the new managing director. Mr Mark Ociti replaces John Musunga, who [...]Kenya Airways Issues Profit Warning
Kenya Airways, the national carrier of Kenya, has issued a profit warning to its shareholders regarding its financial results for the current fiscal year. In a notice to the public, [...]
KenGen Declares KES 1.32 Billion Dividend Payout to Shareholders
Kenya Electricity Generating Company (KenGen) has announced that it will pay out a dividend of KES 1.32 billion to its shareholders for the fiscal year ending June 30, 2022. This [...]Safaricom Appoints Adil Khawaja as Board Chairman
Safaricom appointed lawyer Adil Khawaja as the new board chairman, replacing John Ngumi, who resigned after serving less than six months. The statement, released by the company, announced that the [...]Tullow Oil to invest KES 1.2 Billion in its Oil Developments Projects in Kenya
Tullow Oil announced plans to invest $10 million in its oil development projects in Kenya this year, representing only 2.7% of its total planned investment of $370 million across four [...]East African Portland Cement Set to Expand to DRC and Rwanda in Bid to Increase Profit Base
The East African Portland Cement (EAPC) has revealed plans to expand within the East African Community member countries following its KES 500 million plant upgrade and introducing a new cheaper [...]Kenyans Repay KES 7.7 Billion Hustler Fund Loan, Phase two Set to Roll out in February
Kenyans who have been making timely payments of the Hustler Fund loan are set to access higher loan limits in the second phase which is set to be rolled out [...]Pain for Kenyans as Kenya Power Seeks to Raise Electricity Tariffs by 117%
Kenya Power and Lighting Company (KPLC) is seeking a tariff review to raise Electricity prices for Kenyan households by 117 per cent. The utility firm submitted a tariff review to [...]TransCentury Extends KES 2 Billion Rights Issue Offer Closure
TransCentury Board has considered and agreed to extend KES 2 billion rights issue offer meant to close on Monday, January 23rd 2023, to February 3rd 2023. The Company has received [...]Kenya Railways to go Cashless from February 1st
Kenya Railways will no longer accept cash for purchasing tickets at Madaraka Express Passenger Service stations as of February 1st 2023, according to a public notice from the management. The [...]
