Ory Okolloh Resigns from Stanbic Board WEF 9th Dec
Stanbic Holdings Plc's Board of Directors has announced the resignation of Ms. Ory Okolloh as an independent non-executive director, with effect from9th December 2020. However, Ory Okolloh remains the Chair [...]
Safaricom Lobbies for End of Freebies on its M-PESA Platform
Safaricom Plc, Kenya's largest mobile network operator, is on an intense lobby to have the free KSh 1,000 cash transfer offer, on its MPesa platform, lifted before the end of [...]
African Airlines Post 2.8% Increase in International Cargo Business IATA
African Airlines posted the strongest increase in international cargo business in October this year at 2.8% according to data from the International Air Transport Association's (IATA). In contrast, other regional [...]
AdTech Firm MediaPal Wins 2020 Most Disruptive Marketing Award
Advertising technology firm MediaPal has emerged as the overall winner under the Disruptive Marketing (Tech marketing) category at this year’s Marketing Society of Kenya (MSK) awards held in Nairobi over [...]
Kenya to Receive Stolen Assets Worth KSh 444 Million Stashed Abroad
Kenya is to receive the first transfer of KSh 444 Million in stolen assets stashed abroad. This is part of The Framework for the Return of Assets from Crime in [...]AfDB Unveils $50 Million Facility for Africa's Renewable Energy
The AfDB (African Development Bank) has announceda $50 million facility, seeking to support Africa's renewable energy sector by providing relief and recovery capital to ensure they survive and thrive despite [...]IM Shareholders Approve Acquisition of Orient Bank Uganda
IM investors approved the purchase of 90% stake in Uganda's Orient Bank Limited during the company's Extraordinary General Meeting (EGM) held on 2nd December. The shareholders unanimously voted in favor [...]Standard Chartered Bank Expects Net Profit to Fall by Over 25%
Standard Chartered Bank Kenya has issued a profit warning saying that its current performance forecast indicates a substantial decline in the profit after tax for the year ending 31st December [...]Nation Media Group Gets CMA Approval for Bonus Shares
Kenya's Capital Markets Authority and the Nairobi Securities Exchange have approved Nation Media Group's issuance of 18.85 Million bonus shares following after shareholder approval earlier at the company's AGM held [...]Fitch Ratings warns Kenya on its astronomic debt levels
Fitch Ratings, a leading provider of credit ratings, has said Kenya will find it challenging to stabilize its current debt levels. The Agency said with the 2022 general elections looming [...]NSE turnover rises 657% to KSh 659.7 Million
Nairobi Securities Exchange (NSE) posted an increase of 657% in turnover to KSh 659.7 Million when trading at the bourse ended today, 8th December 2020. This level is compared to [...]Ethiopia's Prime Minister on Official Visit to Kenya
Ethiopia's Prime Minister Dr Abiy Ahmed will on Wednesday 9th December 2020 join President Uhuru Kenyatta in Marsabit County to officially open the Moyale One-Stop Border Post that connects Kenya [...]
