Chinese Firm to Construct 400 kV Konza Power Line
China Aerospace Construction Group (CACG) will construct the 40 km, 400kV Isinya-konza power transmission line. China Exim Bank will fund the project that is set for completion within 30 months. [...]
BOC Kenya Issues Profit Warning Citing Distressed Economy
BOC Kenya expects net earnings for the Full Year 2019 to be at least 25 per cent lower compared to the previous year 2018. According to the Board of Directors, [...]GCR Upgrades Kenya Reinsurance Credit Ratings
The Global Credit Ratings (GCR) has upgraded the credit rating of Kenya Reinsurance Corporation (Kenya Re) under the new criteria released in May 2019. Kenya Re's Financial strength ratings were [...]
Exclusive Interview with Mojochat CEO Kamal Bhattacharya on the state of Kenya's Tech Scene
During the recent launch of The Digital Manifesto: How Developing Nations can get Ahead in the Digital Age, we sat down with Kamal Bhattacharya CEO and Co-founder Mojochat, to [...]Construction of KSh6.9 Billion Naivasha Dry Port Starts
Construction of the KSh 6.9 billion Naivasha Dry Port has started. The government projects that the port will be ready for use by the end of December this year. Speaking [...]Dr. Margaret Nyakango Appointed Controller of Budget
President Uhuru Kenyatta has nominated Dr. Margaret Nyakango as the Controller of Budget pending scrutiny by the National Assembly. Dr. Nyakango will have to wait until vetting by parliament's Finance [...]Vivo Energy Appoints Peter Murungi as Managing Director
Vivo Energy Kenya has appointed Mr Peter Murungi as the new Managing Director. This follows the resigation of Mr Joe Muganda who took over from Polycarp Igathe in 2017. Peter [...]Equity Group announces KSh 10.6 billion Acquisition of majority stake in Congolese Bank
Equity Group Holdings (EGH) Plc has announced it has entered into a deal to acquire a majority stake in Banque Commercial du Congo (BCDC), the second-largest bank in the Democratic [...]
Stanbic Bank Signs KSh 3Bn Partnership Deal with CMEC
Stanbic Bank Kenya entered intp a partnership deal China Machinery Engineering Corporation (CMEC) Kenya. The deal has seen the lender sign a KSh3 billion bank guarantee that seeks to enable [...]Silverstone Air to Send Home its Pilots and Crew
Local low-cost carrier Silverstone Air on Monday sent one-month redundancy letters to its pilots and crew members. The move follows grounding of the Airline's Dash-800 fleet following a series of [...]Glovo Pushes On-Demand Delivery Services in Kenya
On-demand delivery services continue to grow globally, with increasing penetration of providers offering to deliver at the customer's convenience. Similar services continue to grow in Africa, availing a plethora of [...]Household items top list of security for Bank loans
Household items are the most commonly used moveable assets by individuals to secure short-term loans from lenders in Kenya. Other movable properties that is securitisable include motor vehicles, furniture, office [...]
