Absa Group CEO Daniel Mminele Resigns After Fallout With Board
Absa Group Chief Executive Daniel Mminele has resigned and will be leaving the outfit on April 30th 2021. The move follows the Absa Group Board and Mminele failing to achieve [...]
CMA to Reward Whistleblowers up to KSh 5 Million
The Capital Markets Authority (CMA) will reward a Whistleblower up a maximum of KSh 5 Million or 3% of the amount recovered. This is according to Capital Markets (Whistleblower) Draft [...]Kenya's Plan to Raise Revenue Grants to 18.2% of GDP in 2023 is Realistic -Citi
Kenya is working to consolidate its finances by limiting expenditure and raising revenue. The government aims to boost the amount of revenue and grants to 18.2% of the GDP by [...]
Yebeltal Getachew Appointed Twiga East Africa CEO WEF 3rd May
Twiga's Board of Directors has announced the appointment of Yebeltal Getachew as East Africa's Chief Executive Officer with effect from 3rd May 2021. Yebeltal Getachew is tasked with leading the [...]
Edna Otieno Appointed Diageo’s Human Resource Director WEF 1st July
Edna Otieno has been appointed asDiageo'sHuman Resource Director in Great Britain, with effect from 1st July 2021. She becomes the first Kenyan to take up that role. Prior to her [...]Foreign Remittances Rise to Record High of $829 Million in Q1 2021
Kenyans working abroad sent home a record amount of remittances in the first quarter of 2021. According to data from the Central Bank of Kenya, foreign remittances in the first [...]BOC Posts 82% Jump in Net Profit as Demand for Medical Gas Rises
BOC Kenya, which produces and distributes industrial and medical gases throughout the East African region, has posted impressive results for the year that ended in December 2020. The firm's net [...]Crown Paints Plc is the Top Price Gainer at NSE
Crown Paints Plc, engaged in the manufacture and sale of paints, adhesives, decorating sundries, polyvinyl acetate (PVA) emulsion, alkyd resins and tins, was the top price gainer when trading ended [...]KeNHA Signs KSh 17 Billion Roads Deal with Chinese firm
Kenya National Highways Authority(KeNHA) has signed a KSh 17 billion contract with China Communication Construction Company Limited to construct the 453 Kilometre Lamu-Ijara-Garissa Road. The scope of work also involves [...]Family Bank Redeems its KSh 2 Billion Corporate Bond
Family Bank has redeemed its five and half years Medium-Term Notes worth KSh 2.0188 Billion that was due on 19th April 2021. On this maturity date, the bondholders have been [...]Bamburi Cement Appoints John Stull to its 12-Member Board
Bamburi Cement, one of the top cement manufacturers in East Africa, has appointed John Stull as a non-executive director on its 12-member board. He replaces Pierre Deleplanque who resigned from [...]EGM Securities introduces NSE Derivatives Trading
EGM Securities Limited has introduced a platform that will allow its clients to trade at the Nairobi Securities Exchange (NSE) derivatives market. This makes EGM the first regulated non-dealing multi-asset [...]
