Tuskys Lays Off Staff, Cites Redundancy
Tusker Mattresses (Tuskys) has laid off a number of its staff, citing redundancy in the affected roles after company restructuring. However, the retail giant has not revealed the number of [...]
Morintat Leparan Appointed CEO at National Oil Corporation
Morintat Leparan has been appointed to head the National Oil Corporation after a rigorous recruitment process which involved 49 applicants. The new executive will replace George Kubai who served as [...]
Nairobi's Office Space Market on Slow Recovery; Report
Occupation of new office space has increased, boosting activity in Kenya’s commercial market. This is despite a rise in defaults rates in the mortgage market and low sales of new [...]
East African Community to Cap Tariff at 32.5%
Businesses in the region are pushing for the East African Community (EAC)'s Common External Tariff (CET) to be wholly capped at 32.5%. This is one of the agendas set to [...]World Bank Partners with Kenya in KSh15 Billion Solar Project
The World Bank has partnered with Kenya in a KSh15 billion solar project that seeks to benefit close to 250,000 households in 14 counties with low electrification rates. According to [...]BAT profit drops to KSh3.9 billion
British American Tobacco (BAT) Kenya Limited has posted a drop in net profits from KSh4.1 billion in 2018 to KSh3.9 billion at the close of financial year ended 31st December, [...]Kenya Power Protests Cancellation of KSh4.1 Billion Tender
Kenya Power has protested the Public Procurement Administrative Review Board's (PPARB) decision to cancel the KSh4.1 billion Last Mile tender it had awarded the French Development Agency. The tender was [...]CBK to Rein In Predatory Lending Apps
In recent times, there has been the proliferation of unsecured lending to borrowers with tens of unregulated microlenders invading Kenya's credit market. CBK and the National Treasury are working on [...]
Safaricom to Use Huawei for 5G Rollout
Safaricom has announced its intentions to use Huawei as the supplier for the 5G rollout in the course of this year. This comes at a time when the US has [...]Kenya Turkey to Sign New Agreements in March
Kenya and Turkey intend to sign new cooperation agreements that will solidify their relationship. According to Turkey's Ambassador to Kenya, Ahmet Cemil Miroglu, the two countries aim to use the [...]Absa's Timiza Nets Almost 5 Million Customers
Jeremy Awori the managing director of Absa Kenya says that Kenya has a very high mobile penetration, thus the digital and mobile-led strategy the bank has adopted. ABSA's Timiza app [...]Absa Kenya Commits to Continue Supporting SMEs
Absa Bank Kenya PLC has today unleashed a new raft of products and services, tailored to meet the ever-changing needs of the Small and Medium-sized Enterprises(SMEs) segment. Absa Kenya Plc [...]
