Portland Cement Intends to Sell Land to Offset Debt
East African Portland Cement Company is seeking shareholders' approval to sell land and offset a KSh 5.4 billion debt it owes KCB Group. The cement manufacturer arrived at the decision [...]
CDSC to Suspend Some Services in Preparation For a System Upgrade
The Central Depository and Settlement Corporation will suspend some of its services from Monday 7th to Friday 11th October 2019 as it prepares to move into a new and more [...]Forex Brokerage Director Charged with Running Unlicensed Business
Mr. Manases Kuria Karanja, the director of Inter-web Global Fortune Limited was arraigned in a Nairobi court yesterday. Mr. Manases was charged with operating an online forex brokerage firm without [...]Kenyan Logistics startup Lori, Ventures into Nigeria
Kenyan-based logistics firm, Lori, has eventually ventured into the Nigerian market after a successful 10-month pilot period, with the participation of cargo companies such as Olam, Honeywell Flour Mills, and [...]Sidian Bank Receives KSh300 Million loan from OikoCredit
Sidian Bank has received KSh300 million from Oikocredit to support SMEs and Micro-Enterprises. This is the second batch that the lender is receiving from Oikocredit, as part of the initial [...]Improved Connectivity and Infrastructure Key to Unlocking Air Transport Potential
The International Air Transport Association (IATA) says that investment in connectivity and infrastructure could unlock the air transport industry’s contribution to the economy. During an IATA Regional Forum held in [...]
Kenya to Achieve Universal Financial Inclusion by 2023
[bctt tweet=Based on the progress made so far, Kenya is certain to achieve universal access to formal financial services in the next three to four years. This is according to [...]
15 shortlisted for the post of Controller of Budget
The Public Service Commission has issued a list of candidates to be interviewed for the position of Controller of Budget. The position fell vacant after the expiry of the 8-year [...]8.2 Million Britam Shares Still Held by the Mauritian Govt
Mauritius Government holds 8.2 million Britam shares worth about KSh 58 million. The shares were seized from Mr. Dawoot Rawat, a Mauritian citizen who was charged with operating a Ponzi [...]Internet Global Fortunes Operated Without a License
Manasseh Kuria Karanja, Interweb Global Fortunes CEO, has been charged with operating an online forex broker without a license contrary to the Capital Markets Authority (CMA) and Central Bank of [...]Kenya Deposit Insurance Corporation (KDIC) Raises Deposit Insurance to KSh 500,000
The Kenya Deposit Insurance Corporation (KDIC) has raised the deposit insurance coverage from KSh100,000 to KSh 500,000 so as to protect depositorsand also encourage saving in banking institutions. The new [...]Oil Marketer, Vivo Energy, Enters Fast Foods Market
The Competition Authority has given a green light to oil retailer Vivo Energy to form a joint venture with Kuku Foods Kenya Limited. Vivo is responsible for the distribution and [...]
