Mombasa Port Cargo Increases by 9%
For the first nine months, Kenya's main port of Mombasa handled 9% more cargo compared to the same period in 2018. This increase was attributed to greater handling capacity and [...]
AfDB Distances Itself From Lamu Coal Project
The African Development Bank has declined to fund the Lamu Coal project, and any future coal projects. The decision follows an environmental impact assessment, which saw the National Environmental Tribunal [...]Unilever Appoints Nils Andersen as The New Chairman
Unilever has appointed Nils Andersen as its new chairman. This follows the stepping down of Marijn Dekkers as chairman of the multinational. Mr Dekkers will remain on the board as [...]Kenyan Public WiFi Company BRCK Expands to South Africa
Kenya's public internet provider, BRCK, is launching its services in South Africa. BRCK CEO Erik Hersman made the expansion announcement at the AfricaCom conference in Capetown. According to Erik Hersman, [...]Banks’ Earning Season to Excite NSE Investors
Equity Group Holdings Plc is the first listed bank to release its third quarter earnings. This has set off renewed interest in the banking counters at the NSE. When markets [...]
Martin Oduor-Otieno takes over as EABL Chairman
The East African Breweries Limited has announced the appointment of Dr Martin Oduor-Otieno as the new Board Chairman, effective 1st January 2020. He takes over from Mr Charles Muchene, who [...]KQ Celebrates One Year of Direct Flights to New York
Kenya Airways (KQ) is celebrating one year since the launch of direct flights between Nairobi and New York. According to the airline's chairman Michael Joseph, KQ hit a 75% passenger [...]Excisable Goods Management System Goes Live
In a bid to expand the domestic tax bracket, Kenya Revenue Authority will require all licenced manufacturers, importers, retailers, and distributors of bottled water, juices, energy drinks, non-alcoholic drinks, and [...]
Tea Supply to UK Faces Threat
Britain which heavily relies on Kenyan tea could suffer a short supply of the commodity after the Kericho County governor Mr Paul Chepkwony threatened to seize tea farms owned by [...]Central Bank Committee Looking to Cut Rates Later This Month
Kenya's Monetary Policy Committee will meet in November for the bi-monthly meeting. It is the first MPC meeting after Parliament repealed the rate cap law. According to CBK Governor Patrick [...]Equity Group's Q3 Profits hit KSh 17.3 billion
Equity Group's third-quarter earnings rose to KSh 17.3 billion at the end of September 2019 up from KSh 15.5 billion last year. Equity Group is the first listed lender to [...]IM Holdings unit Fully Acquires Ugandan Insurance Company
IM Holdings unit, GA insurance has acquired 100% of Nova Insurance Company from Uganda. This is part of GA's insurance plan to expand across East Africa. The firm already has [...]
