Rubis Energie Tightens its Grip on Kenya's Energy Sector
Rubis Energy, the French Oil distributing Company, has signed a share purchase agreement for the acquisition of Gulf Energy Holdings Limited (GEHL). The announcement comes a few months after Rubis [...]
KEBS Suspends 7 Peanut Butter Products Over High Aflatoxin
The Kenya Bureau of Standards has suspended 7 Peanut Butter Products over high aflatoxin content. Aflatoxinsare a family of toxins produced by certain fungi found on agricultural crops such as [...]
Kenya’s Population Hits 47.6 Million
The size of Kenya’s population hit 47,564,300 in 2019 consisting of 23.5 million males and 24 million females. The growth rate stands at 2.2 per cent. The sex ratio is [...]
Home Afrika Appoints New Non-Executive Directors
Home Afrika has appointed Mr. Peter Mungai Ndung'u and Mrs. Kendi Ogamba as non-executive directors of its board. Their appointment took effect on 31st October 2019. Mr. Mungai holds a [...]Sendy Secures KSh 200 Million for Expansion
Dutch investor Goodwell Investments has agreed to invest $2 Million (KSh200 million) in Kenya based logistics startup Sendy. The funds will be used for expansion in East Africa. Goodwell believes [...]National Bank Reports Q3 Profit of Sh 642.9 million
National Bank, a subsidiary of KCB Group Plc. posted a pre-tax of Sh 624.86 Million at the end of September 2019 compared to Sh 561.69 million over the first nine [...]Google Acquires Fitbit for $2.1 billion
Fitbit is now part of Google after the search giant bought the device manufacturer at $2.1 billion. The acquisition will drive Google deeper into the wearables business even as consumers [...]Weekly Market Report
The 16-year infrastructure bond dated October 28,received bids totalling KSh 86.9 billion against an advertised amount of Sh 60.0 billion, representing a 144.9 % subscription rate. On the second day [...]Safaricom to Partner With Vodacom On Expansion into Ethiopia
Safaricom recently released their half-year 2020 interim results reporting an impressive 14.4 % growth in net profit to Ksh 35.65 billion. Service revenue grew by 5.3% to Ksh124.3 billion attributed [...]
Rate Cap Removal To Benefit Kenya's Banking Sector Renaissance Capital
Renaissance Capital recently released their report based on their coverage of Kenyan Banks. The report states that Kenya's economic growth is estimated to be at 5.6% in 2019 and 5.8% [...]Students' Backed Unit Trust Fund Launched in Kenya
The first-ever student's unit trust fund in Kenya was recently launched in under the name Wanafunzi Investment Unit Trust Fund. The fund is regulated by the Capital Markets Authority and [...]Safaricom Investment Co-op joins NSE’s Ibuka Program
Safaricom Investment Co-operative has today joined Ibuka, Nairobi Securities Exchange’s (NSE) premium incubation and acceleration program for high growth companies in Kenya. Safaricom Investment Co-operative is joining the Accelerator Board [...]
