How Fanaka is making strides in the real estate sector
Fanaka Real Estate is one of the companies that have defied the challenges brought about by the Coronavirus pandemic and is registering tremendous success in the real estate business. Two [...]
Octagon Africa Appoints Simba as New Group Executive Director
Octagon Africa has appointed Godwin Simba as its new Group Executive Director of Strategy and Product Development. Previous positions held at Octagon Africa by Simba Godwin Simba is a seasoned [...]
Uber Technologies Unveils Electric Motorcycles Scooters in Kenya
Uber Technologies has announced the launch of electric BodaBodas and bicycles for earners on UberBoda, Uber Connect, and Uber Eats in Kenya. The launch is a first in Africa. The [...]IM Finalizes Purchase of Uganda's Orient Bank
IM holdings has completed the purchase of 90% ownership in Orient Bank, a Uganda based commercial bank. In a public statement dated 30th April 2021, the regional lender said, IM [...]
Kenya's Mobile Money Transactions Hit KSh1.7 Trillion in 3 Months
As more people and businesses have embraced digital transactions, the value of mobile money transfers in Kenya has sharply risen in the past 12 months. According to data from the [...]Inflation Rate Drops Marginally in April on Fuel Cost Freeze
Inflation in April 2021 remained stable within the medium-term target band set by the Central Bank of Kenya (CBK), declining marginally to 5.8% from 5.9% in March, driven by lower [...]Safaricom's Bid for Ethiopian Telecom license excites Investors
Safaricom Plc disclosure that it had submitted a bid for a telecommunications license in Ethiopia pushed its share prices to new highs as trading ended at the Nairobi Securities Exchange(NSE) [...]CBK Accepts KSh 20.3 Billion At Weekly T-Bills Auction
The Central Bank of Kenya(CBK) collected KSh 20.3 Billion out of bids worth KSh 30 Billion submitted by investors at the Weekly Treasury Bills Auction. This represents an oversubscription of [...]Britam Appoints Michael Turner to its Board of Directors
Britam Holdings has appointed Michael Turner, the Managing Director of Actis East Africa, to its board of directors. The appointment took effect on 29th April 2021. Michael Turner is a [...]Homeboyz Posts First Loss of KSh22 Million, Just 4 Months After Listing on NSE
Homeboyz Entertainment has reported a net loss of KSh22 million, for the year 2020, in its first public announcement of financial results since listing on the Nairobi Securities Exchange in [...]StanChart Bank Plc to cut down its Global Branch Network, Staff
Stanchart Plc, based in the UK, has announced plans to downsize its global staff numbers to around 400 to cut long-term costs. This is after the British bank reported a [...]Standard Group Posts KSh434 Million Pre-tax Loss in 2020
Listed media company, Standard Group, has reported a pre-tax loss of KSh434.4 million for the financial year that ended on 31st December 2020, after a turbulent season. The loss is [...]
