Equity Group CEO Ranked Among Bloomberg’s Top 50 Business Leaders
Equity Group Chief Executive Officer, James Mwangi, has been ranked among the world's top 50 business leaders by Bloomberg. The ranking, dubbed Bloomberg 50, takes into consideration the world’s top [...]
CRBC Withholds Key Detail in SGR Deal Review
The Chinese firm, China Road and Bridge Corporation (CRBC), has withheld key details in the recent SGR deal review, arguing that the information is sensitive and private. This has ensued [...]Africa's Aviation Passengers Set to Double by 2038
In its latest forecast, IATA says that the Africa aviation market will increase by 200 million passengers to hit over 356 million by 2038. Speaking during the 2019 Routes Africa [...]
Kenya Leads East Africa in Corporate Deals
A report by IM Burbridge Capital shows that Kenya is leading East Africa nations in corporate deals. As reported by the East Africa Financial Review, there were 9 disclosed corporate [...]Mookh Africa Joins NSE's Ibuka Program
Mookh Africa has recently joined Ibuka, Nairobi Securities Exchange’s (NSE) premium incubation and acceleration program for high growth companies in Kenya. The firm, therefore, becomes the 22nd company to oin [...]CDC Loses KSh14 Billion Investment in ARM Cement
UK investment fund Commonwealth Development Corporation (CDC) has lost Ksh14 billion investment in ARM cement. In this case, the CDC cedes its 42% ownership in the collapsed cement maker as [...]Development Funds Take Biggest Hit as Treasury Trims Budget by KSh18.8 Billion
Development funds have taken the biggest hit in cuts in the second supplementary budgets, which aim to reduce the budget by KSh18.8 billion. The Parliamentary Budget Committee (PBC) decreased KSh2.02 [...]Government Urged to Boost Broadband Coverage in Line with Big Four Agenda
Experts have urged the government to improve broadband coverage to stimulate the growth of ICT in realization of the Big Four Agenda. Alex Fares, CEO Unitel Services Limited, notes that [...]German Companies Less Optimistic about Kenya
Results from the Autumn 2019 World Business Outlook Survey shows that German companies are less optimistic about Kenya's growth prospects. According to the survey, German companies business expectations in the [...]Virtual Maps of Kenyan Parks Go Live
Google has officially launched its virtual maps alias street view feature on maps for some Kenyan parks and conservancies. The move will, therefore, enable tourists all over the world take [...]Airtime Leads in Tax Contributions
Mobile airtime is among the biggest contributors to taxes, raking in as much as KSh 26.3 billion into the tax kitty in 2018. This is an increase from KSh 16.1 [...]President Kenyatta signs Roads Board (Amendment) Bill into law
President Uhuru Kenyatta this morning signed into law, the Kenya Roads Board (Amendment) Bill 2019. The signed Bill seeks to change the mandate and operations of the Kenya Roads Board [...]
