Africa Oil to Earn from Kenya's First Oil Shipment
Africa Oil, an international oil and gas exploration and development company, is set to earn revenues from Kenya's first oil export to China. The first shipment of 240,000 barrels of [...]
Pyrethrum Firm, PPCK, Seeks KSh500 Million Bailout
Pyrethrum Processing Company of Kenya (PPCK) is asking the government for a KSh500 million bailout to turn it around. The company is requesting the Ministry of Agriculture to allocate the [...]
NSE Turnover Triples to KSh 640 Million
Market turnover rose to KSh 640.5 million from the previous session’s KSh 188.5 million, the number of shares traded stood at 18.6 million against 5.8 million shares traded yesterday. While [...]
Curtain Comes Down on Iconic Nakumatt
It is the end of the road for supermarket chain Nakumatt Holdings. This is after Nakumatt creditors unanimously voted to dissolve the outfit after all plans to resuscitate it failed. [...]Kenya Power Invites Bids for Supply of Post-Paid Meters
Kenya Power has invited bids for the supply of 199,157 single phase post-paid meters, altering their earlier intention to fully transition to pre-paid meters. According to the firm, the move [...]Banking Stocks Boost Trading at NSE
The Nairobi Securities Exchange (NSE) opened this week with a total of 5.8Million shares valued at KSh.188.5Million, against 4.28Million shares valued at KSh.171Million posted on January 3rd, 2020. The NSE [...]Kenya to Refinance its Commercial Debt
Kenya plans to replace its current commercial debt with cheaper debt from development financiers and ally nations, according to the acting Head of the National Treasury, Ukur Yatani. This aims [...]Jacaranda Hotel Put Up for Auction
The Jacaranda Hotel has been put up for auction, a move that is aimed at recovering the KSh257.6 million it owes Guaranty Trust Bank (GT Bank). The auction date was [...]Kisumu Port Ships First Oil Consignment to Uganda
Kisumu Port made its first oil shipment to Uganda in December, signifying a positive outcome from its revamp. As reported by The Star, the consignment contained 22 wagons loaded with [...]Absa Group Appoints Daniel Mminele as Chief Executive
Absa Group Limited has announced the appointment of Aaron Daniel Mminele as Group Chief Executive, with effect from 15th January 2020. Mminele takes over from René van Wyk, who has [...]
Microsoft Appoints Kendi Ntwiga as New Country Lead
Microsoft Corporation has appointed Kendi Ntwiga as the new country lead, heading Kenyan operations with effect from January 2020. The former GM at Checkpoint Software Services will now spearhead strategies [...]KSh 1.4 billion Acquisition of Jamii Bora Bank on Back Burners
The purchase of financially distressed Jamii Bora Bank by CBA has been shelved after Commercial Bank of Africa (CBA) merged with NIC Bank. At the beginning of last year, Jamii [...]
