Little Shuttle Halts Operation as from 1st October 2019
The Little Shuttle service has been temporarily halted with effect from October 1st 2019 following a directive from transport authorities. The authorities argue that Little does not have the right [...]
Afrexim Bank opens East Africa Branch in Uganda
The African Export-Import Bank (Afrexim) officially signed a deal with Uganda where the bank will open an East African Branch office in Kampala. The deal was officially signed by President [...]Mediamax Announces Intended Redundancies
Kenyan based media house Mediamax Networks Limited which operates K24 TV, a number of vernacular stations and a free newspaper People Daily has announced the reorganization of its staff structure [...]
Betin Sends all Staff Home After Closing Operations
Sports betting firm Betin Kenya has issued a notice of termination to all its staff as the betting firm closes operations. Employees of the betting firm have until the end [...]ABSA Joins Principles for Responsible Banking
Barclays Kenya Parent Company, ABSA, signed the Principles for Responsible Banking in Paris joining a coalition of 130 banks worldwide representing over $47 trillion. On September 22, ABSA became one [...]KAA names Alex Gitari as Acting CEO
The Board of Kenya Airports Authority (KAA) has appointed Mr. Alex Gitari as the acting Managing Director/CEO effective October 1, 2019. Mr. Gitari is the current General Manager, Finance, and [...]KenGen to Redeem its KSh 25 Billion Infrastructure Bond
Kenya’s main electricity generating company, KenGen, has announced that it will be making the final payments to bond holders of its 10-year, KSh 25 billion infrastructure bond. This bond was [...]
Alcohol and Tobacco Companies cry out over 21% Excise Duty
Beer and cigarette manufacturers have expressed their dissatisfaction over the 21% excise duty arguing that the new taxes will have adverse effects on other members of the value chain. Last [...]InterContinental Hotels Group Signs Africa Expansion Agreement with Aleph Hospitality
InterContinental Hotels Group Plc has signed a Master Development Agreement (MDA) with Aleph Hospitality that will enable it to increase its network in Africa. Through the agreement, ten franchise hotels [...]Kenya Among Fastest Growing Avocado Exporters in the World
Kenya's avocado exports have seen remarkable growth as the global demand grows. The country ranks third in the list of fastest avocado exporters, behind Morocco at second and Colombia at [...]Kenya Railways Begins Search for New Managing Director
Kenya Railways has begun the search for a new Managing Director following the suspension of Atanas Maina in August last year over corruption charges. In an advertisement made in the [...]Shilling stable as demonetization enters home stretch
The Kenyan shilling was stable on Friday due to subsiding end month dollar demand from the energy sector and tightening liquidity in the local money market, traders said. At 0904 [...]
