Equipment Firm invests Ksh500 million Eyeing Extractive Industries
Panafrican Equipment Kenya Limited has announced a Ksh500 million investment eyeing extractive industries such as mining, agriculture, power, and energy markets. The investment comprises a new one-stop-shop office complex housing [...]
Treasury Closes Ksh 60B Bond
The government’s appetite for domestic debt has been growing as witnessed in the recent revising of the debt ceiling. This week marks the closure of a 16-year Ksh60 infrastructure bond [...]SACCOs regulator posts a deficit of KSh 51.5 million
Cash-strapped Sacco Societies Regulatory Authority (SASRA) recorded a significant drop in its performance with a deficit of KSh 51,494,563 at the end of its last financial year. A statement of [...]
National Oil Corporation Appoints George Kubai as New CEO
The National Oil Corporation has announced Mr George Kubai is the new Chief Executive Officer to replace Mr James Nyamongo, who has been in an acting capacity for about a [...]Kenindia Assurance Appoints New MD
Kenindia Assurance has appointed Mr Bhawani ShankerSharma as Managing Director, in replacement of Mr Inderjeet Singh who joined New India Assurance Company Limited as the new General Manager. Mr Sharma, [...]Govt Puts Mombasa-Nairobi Expressway Project On Hold
The government has suspended the construction of the Mombasa-Nairobi expressway after Kenya hit its debt ceiling. The 485 Kilometer highway will wait another two years as Kenya addresses its debt [...]Patrick Njoroge Ranked Top Central Bank Governor in Sub-Saharan Africa
Governor of the Central Bank of Kenya, Dr Patrick Njoroge, has been named the Central Bank Governor of the Year for Sub-Saharan Africa by Global Markets magazine, a world-leading financial [...]
Ernst Young Report Predicts Potential Growth in Kenya's Insurance Sector
Ernst Young latest report states that Kenya's Insurance Sector has shown a lot of improvement compared to last year, where its profits fell by 61.5%, and it is expected [...]Cisco Appoints Sally Kimeu as Country Leader and Regional Manager
The Cisco Company has appointed Ms Sally Kimeu as the Country Leader and Regional Manager for its East Africa operations in Kenya, Tanzania, Uganda, Ethiopia, Rwanda, Burundi, Djibouti, South Sudan, [...]The High Court Declares Tax on Second-Hand Cars Illegal
The High Court of Mombasa has recently declared the current tax imposed by the Kenya Revenue Authority on second-hand cars illegal. Therefore, the taxes imposed on used motor vehicles are [...]Safaricom Launches New Strategy, No Expiry Bundles
Safaricom has unveiled a new strategy as the telco marked 19 years since it was launched. Under the new approach, the telco aims to simplify its products across its entire [...]NCBA Group lists additional shares at the NSE
NCBA Group PLC has listed an additional 793.8 million shares on the NSE, thereby sealing the NIC-CBA merger deal. These additional shares belong to CBA shareholders who from now on [...]
