BAT Kenya Appoints New Shares Registrars
British American Tobacco (BAT) Kenya has announced the appointment of Image Registrars Limited as firm's official shares registrars effective 1st October 2019. All shareholders queries, registration for transfer of shares [...]
Kenya and Singapore exploring prospects for direct flights
President Uhuru Kenyatta announced that Kenya and Singapore are establishing the viability of direct flights between the two countries. The president made the announcement when delivering a keynote speech [...]
Businesses cease accepting the old 1,000 notes as demonetization deadline nears
As the deadline for demonetization approaches fast, businesses all over the country are growing hesitant in accepting the old 1000 notes. While Central Bank continues its charm offensive on demonetization, [...]Centum shareholders approve the sale of Almasi and King Beverages.
Centum Shareholders have approved the sale of Centum's shareholding in two Beverage companies. The shareholders voted unanimously to sell shareholding in both beverage companies in an AGM held earlier this [...]Eddy Njoroge appointed ISO president
Eddy Njoroge has made history to become the first African president of the International Standards Organization in more than 70 years. Njoroge will take on as president on a two-term [...]Portland Cement fires 136 managers and supervisors
East Africa Portland Cement Company (EAPCC) issued 136 supervisors and managers dismissal notices last week in a cost-cutting restructuring plan. Senior officers including heads of departments and supervisors affected [...]Six months reprieve for illegal LPG dealers
The Energy and Petroleum Regulatory Authority has given cooking gas retailers six months to comply with the new liquefied petroleum gas regulations. They now have until December 31st, 2019 to [...]
Paul Russo confirmed as NBK’s managing director
The Board of NBK has announced the appointment of Paul Russo as the managing director effective September 19, 2019. This follows last week’s Central Bank of Kenya (CBK) approval of [...]Chinese brands dominate Kenya’s smartphone market
Smartphone brands from China rank at the top of the most popular among users in Kenya due to their affordability and high performance. A survey by audit firm Deloitte- titled [...]Online forex exchange broker EGM survives depressed NSE
EGM Securities Limited, an online foreign exchange broker, earned brokerage commissions amounting to Sh 1.44 million for the six months ending June 30th, 2019. This is compared to Sh 4, [...]KTDA awarded Sh53M in a landmark ruling
The High Court in Nairobi court awarded KTDA Sh53M in a breach of contract ruling against Victoria Tea Brokers. The landmark ruling sets precedence against breach of the contract thus [...]Tax-exempt green bonds could encourage investment
Parliament’s Finance and Planning Committee supports a proposal to exempt green bonds from withholding tax citing that it will encourage more people to invest in the market. In addition, [...]
