Rubis CEO Jean-Christian Bergeron to be Deported from the Country Over Hoarding Fuel
Rubis Energy CEO Jean-Christian Bergeron to be deported from the country after EPRA promised stern action on oil marketers hoarding fuel in the country. The State Directorate of Immigration revoked [...]
Co-operative Bank Receives Ksh 550 million Loan from KMRC
The Co-operative Bank took a loan of kes 549.8 million from the Kenya Mortgage Refinance Company (KMRC) last year for onward lending to home buyers, disclosures by the lender’s majority [...]NSE Equity Turnover Dips 42.4% to KSh 411.1M
The Nairobi Securities Exchange(NSE) recorded a 42% fall in daily equity turnover to KSh 411.1 Million this Wednesday. This is compared to an equity turnover of KSh 713.6 Million posted [...]
CMA to license more Investment Advisors
The Capital Markets Authority(CMA) will, from July this year, license more players to act as investment advisors. This is as soon as proposals to amend the CMA Act (Cap. 485A), [...]MediaPal Named Among 2022 Top Multichannel Marketing Providers by Martech Outlook
MediaPal, a Kenyan ad-tech firm has been listed among the top multi-channel marketing solutions providers. The award, by Martech Outlook-a US magazine, recognizes the ten best companies at the forefront [...]Jambojet Increases Frequency of Flights to Goma
Jambojet has increased its frequency of flights to Goma in the Democratic Republic of Congo (DRC), from the current three times a week to four times per week, starting June 2022. [...]
Amazon Set to Launch an AWS Local Zone in Kenya
Amazon Web Services, a subsidiary of Amazon providing on-demand cloud computing platforms has announced plans to launch an AWS local zone in Kenya. Local Zones are an infrastructure deployment that [...]EPRA Threatens Oil Marketers with Reduced Imports as Fuel Shortage Bites
The Energy and Petroleum Regulatory Authority (EPRA) has announced plans to reduce import allocations for Oil Marketing Companies (OMCs) found to have increased their exports to regional markets in the [...]Treasury Set to Raise Debt Ceiling in 2022/23 Budget
Treasury CS Ukur Yatani proposed the amendment of the Public Finance Management Act to create more room to increase the debt ceiling to ease the growing expenditure pressures. During the [...]Resolution Insurance Sinks with Kes 6.5 Billion Client's Funds
Resolution Insurance has collapsed with over kes 6.5 billion in client cash, insurance claims, and creditor funds after its shareholders failed to recapitalise the business. The company has been facing [...]Sarova Inks Deal to Manage Imperial Hotel in Kisumu
Sarova Hotels Resorts has announced the addition of Imperial Hotel Kisumu, to the group’s portfolio after the signing of a 7-year management agreement with the hotel’s owners, the Gilani [...]NSE Daily Equity Turnover Ups to KSh 713.6M
The Nairobi Securities Exchange(NSE) recorded a rise in equity turnover to KSh 713.6 Million, an increase from KSh 103.9 Million on Monday. This is an increase of 586.35 from close [...]
