Standard Chartered Appoints Kellen Kariuki to its Board
Standard Chartered Bank Kenya has appointed Kellen Eileen Kariuki as an independent non-executive director in its board. Kellen has held various leadership roles including being the first Chief Executive Officer [...]
AIB Capital Apex Africa Capital Set to Merge
Stock brokerage firms, AIB Capital and Apex Africa Capital have just revealed that they are in the process of merging their businesses. The two companies have signed a binding agreement [...]KCAA Tightens Noose on Drone Operators
The Kenya Civil Aviation Authority (KCAA) is tightening the noose for drone operators in Kenya. Members of the National Assembly will determine whether the regulatory bill presented to them by [...]
World's largest PR agency Edelman Opens Nairobi Office
The world's largest Public Relations Company, Edelman, has opened an office in Nairobi as part of its Pan-African expansion plan. The move comes after the company acquired Kenya's Gina Din [...]
Kenya Debt Stress Levels Moderate', Says IMF
The International Monetary Fund (IMF) has retained its assessment of Kenya’s external debt stress levels at moderate. The Fund gives the main reason for this rating to the long list [...]
Kenya Shilling Strengthens Against the Dollar
The Central Bank of Kenya (CBK) quoted the Kenya Shilling at an indicative mean rate of KSh 100.62 against the US dollar when markets opened this morning. This is a [...]EPRA New Tariffs to Favour Manufacturers
The Energy and Petroleum Regulation Authority (EPRA) has introduced new electricity tariffs, that are set to be a huge relief for manufacturers. As Citizen reports, the new tariffs will enable [...]Safaricom Investment Cooperative Defers Dividends
The Safaricom Investment Cooperative (SIC) has frozen the dividends of its members for the year ended December 2019. This means that members will not receive any profits from their shares. [...]Court Halts Sacking of KQ Staff
KQ staff can have a temporary relief after High Court quashed their laying off in a restructuring plan. KQ argues that the restructuring plan would reduce costs and ease losses. [...]Shanta Gold Buys Kenya's Acacia Exploration
Shanta Gold, a gold mining company listed on the London Stock Exchange, has acquired Acacia Exploration Ltd, at a cost of KSh1.45 billion ($14.5 million). Acacia Exploration is a Kenyan [...]Google Drops Plan to Invest in Lake Turkana Wind Power
Vestas Wind Systems is to sell 12.5% stake in Lake Turkana Wind farm after Google pulled out of purchase negotiations due to project delays. A communique from Vestas shows cancellation [...]PE Firm Takes over Operations at Nairobi Women's Hospital
Private Equity firm, Evercare, has taken over operations at the Nairobi Women's Hospital, following the exit of its CEO. The hospital’s CEO, Dr Felix Wanjala, stepped aside to pave way [...]
