Kenya Power Floats Tender for Debt Collection Services
Electricity distributor Kenya Power is inviting bids for the supply of Debt Collection Services, to assist the utility firm to follow up on defaulters who have not settled their electricity [...]
Vincent De Brouwer Resigns as IM Regional Director
Vincent De Brouwer has resigned as the regional director of IM holdings effective 31 July 2020. In a statement, IM says that De Brouwer has also stepped down as a [...]
Shanta Gold Acquires Barrick's Kenya Gold Projects
Shanta Gold, East Africa-focused gold producer, has completed the acquisition of 100% shares ofBarrick’s subsidiary Acacia Exploration Kenya (AEKL)from three subsidiaries of Barrick Gold. With the receipt of regulatory approvals [...]
KQ to Lay Off Half of its Pilots
Kenya Airways (KQ) has announced plans to lay off half of its pilots, a move that seeks to enable the carrier cut n costs amidst the global COVID-19 pandemic. The [...]WorkPay Raises $2.1 Million Seed Capital
WorkPay, a Kenyan startup that provides a cloud-based workforce management system with human resource (HR) and payroll management for small businesses in Africa, has raised $2.1 Million from investors. This [...]GenAfrica Asset Managers Posts KSh76.1 Million Net Profit
GenAfrica Asset Managers has recorded a net profit of KSh76.1 million at the end of H1, 2020. This is compared to KSh 68.9 Million realized during the previous period in [...]Safaricom to Upgrade SIM Card platform
Safaricom subscribers intending to activate a new SIM card, engage in a SIM swap, obtain a PUK Number or migrate from one tariff to another will not be able to [...]Banks Dominate NSE as Weekly Turnover Hits KSh1.9 Billion
The banking sector dominated this week's trading activities at the Nairobi Securities Exchange(NSE) as mixed half-year earnings continued to push the bourse into a bearish mood. This segment transacted a [...]Weekly Deals Digest; Aug 12th 18th 2020
In the second issue of the Weekly Deals Digest, we cover the deals in Africa for the week and also look at other emerging markets like South America and South [...]NSE Turnover Rises Sharply to KSh 707.58 Million
Equity turnover at the Nairobi Securities Exchange(NSE) rose sharply to KSh 707.58 Million at the close of trading this Friday. This is on a volume of 38.55 Million shares transacted [...]ICEA Lion Asset Management's Half-year Net Earnings Rise to KSh 62.7 Million
ICEA Lion Asset Management Limited(ILAM) has registered a Net Profit of KSh 62.7 Million at the end of the first six months of this year. This is compared to KSh [...]Virus Adversely Affects KRA's Tax Collection Targets
Kenya Revenue Authority (KRA) recorded slow growth in collections of Pay as you Earn (PAYE) tax, attributed to a decline in employment rate in the fourth quarter between April and [...]
