Mabati Rolling Mills Appoints Manish Mehra as New CEO
Mabati Rolling Mills (MRM) has appointed Manish Mehra as its new Chief Executive Officer, replacing Andrew Heycott. His appointment took effect on 1st April 2022. Prior to his appointment, Mr [...]
Japan Overtakes China as Kenya's Biggest Source of Bilateral Loans
In the budget estimates for the financial year starting July 2022, the Treasury has listed Japan as the largest source of bilateral loans and grants, overtaking China, which has been [...]Safaricom Signs Network Partnership Deal with Ethio Telecom
Safaricom has signed a network partnership with Ethio Telecom, granting it access to the giant network of Ethiopian State monopoly telco, and finally being able to roll out services across Ethiopia. [...]NMG Reports Tenfold Rise in Net Profit to Kes 493.1 Million in 2021
Nation Media Group (NMG) has recorded a tenfold increase in net profit to Kes 493.1 million in the year ended 31st December 2021 as compared to kes 47.9 million that was [...]
KPC Acquires Kenya Petroleum Refineries Limited (KPRL) from Essar Energy 
Kenya Pipeline Company (KPC) has concluded the takeover of the defunct State-owned Kenya Petroleum Refineries Limited(KPRL). This marks the second time the facility is exchanging hands in the past eight [...]KICD Approves New Coding Syllabus for Schools
The Kenyan government, through KICD, has approved a new syllabus for teaching coding in primary and secondary schools. Coding, which is also known as programming involves translating human intentions into [...]Sameer Africa Records a Profit of Kes 217.3 Million in 2021
Sameer Africa’s net profit jumped five times to kes 217.3 million in the financial period ended 31st December 2021 as compared to kes 43.3 million that was recorded in 2020. [...]Google Opens Product Development Centre in Nairobi
Google has opened a product development centre in Nairobi, its first in the continent, seeking to build products and services for the African market and also the whole world. The [...]Uganda Seeks Fixed Fuel Quota from Kenya, Decrying 19% Rise in Pump Prices
Uganda has asked Kenya to allocate it a fixed monthly amount of fuel supply, seeking to alleviate shortages that have driven pump prices higher. Uganda wants 110,660 cubic meters of [...]Gulf African Bank Appoints Anuj Mediratta as New CEO
Gulf African Bank has appointed Mr Anuj Mediratta as its new Chief Executive officer, following the retirement of Abdalla Abdulkhalik who will now serve in a new role as an executive director. [...]NSE Daily Equity Turnover Rises to Kes 648 Million
The Nairobi Securities Exchange (NSE) recorded quite a rise in equity turnover during today's trading session to Kes 648 million against the kes 110 million that was recorded on Thursday. [...]Why Kenyan Banks Reported High Profits in 2021
Most Kenyan Banks reported high net earnings and declared dividend payouts to shareholders for the Financial Year ending December 2021 despite the adverse effects of the prevailing COVID-19 on the [...]
