Unilever to Set up Separate Entity to Manage its Tea Business
Unilever has announced plans to create a separate entity to manage its tea brands and tea estates. The firm says the decision was reached after a strategic review of the [...]
Bamburi appoints new Company Secretary
The Board of Directors of Bamburi Cement has appointed Waeni Ngea as the firm's Company Secretary, effective 25th July, 2020. Waeni is a practising advocate experienced in legal and corporate [...]
Kenyan Court suspends VAT on Insurance agency, brokerage fees
Nairobi, Kenya; The High Court has suspended imposition of Value Added Tax (VAT) on insurance agency and insurance brokerage services. This follows a Constitutional petition by the Association of Kenya [...]Global Markets Weekly Report
Wallstreet Major stocks on Wallstreet fell at close on Friday driven by escalating geopolitical tensions amid worries that postponed reopenings and renewed shutdowns induced by the pandemic will drag recovery [...]
UK-based Diageo Plc consolidates its shareholding in EABL
London-based Diageo Plc, a multinational alcoholic beverages company listed on the London and New York Stock Exchanges, has moved to consolidate its shareholding in East African Breweries Limited (EABL). In [...]Britam General Insurance Appoints Jackson Theuri as New CEO
The Board of Directors of insurance underwriter, Britam, has appointed Jackson Theuri as the new Chief Executive Officer of Britam General Insurance Company Limited. Theuri, who joined the firm two [...]Kenya Power Customers to Pay Bills using Bonga Points
State-owned utility firm Kenya Power has partnered with mobile phone operator Safaricom, to enable customers pay for elec through Bonga Points. Through the partnership, Kenya Power's 7.1Million domestic customers can [...]Serena Hotel Chain Reports KSh 640.9 Million Half-Year Net Loss
Listed hospitality firm TPS Eastern Africa and operator of Serena Hotels has registered a Net loss of KSh 640.9 Million for the half-year period ended 30th June 2020. Serena is [...]Kenya and Israel In Discussions to Revive Galana-Kulalu Food Project
The Israeli and the Kenyan government are in talks to revitalize the Galana Kulalu project, looking to complete the remaining 15% of the project. Israel says that the two governments [...]
South Africa Reserve Bank Cuts Repo Rate to 3.5%
South Africa Reserve Bank (SARB) has cut its repo rate for the fourth time by 25 basis points to 3.5% with effect from 24 July 2020. The MPC has cut [...]How to Identify Cryptocurrency Scams
What to look out for. A lot of us have heard about Bitcoin and cryptocurrencies. Some of us are interested in learning more, some of us are interested in investing. [...]
CBK Accepts Treasury Bills Worth KSh 35.8 Billion
This month, the Central Bank of Kenya(CBK) received bids worth KSh 35.9 Billion from the 91 days, 182 days, and 364 days Treasury Bills, representing a subscription rate of 149.6%. [...]
