Safaricom Investment Co-operative Unveils The Zaria Village
Safaricom Investment Co-operative (SIC) has launched The Zaria Village, a gated family-oriented real estate project. Located in Kiambu County, with close proximity to shopping malls such as the Thika Road [...]
NBK acquisition will weaken KCB Group’s financials in the short term – Moody’s
Moody’s Investors Service says that the acquisition of the National Bank of Kenya (NBK) would be an immediate credit negative for KCB Group but profitability and funding will strengthen over [...]
KRA Freezes Mumias Sugar Accounts, as County Govt seeks to Take Over Management
Mumias Sugar Company’s efforts to get back into business have been crippled by Kenya Revenue Authority (KRA), which has again frozen its accounts, citing claims of Sh10 billion unpaid taxes. [...]Quick Mart Tumaini Supermarkets Merger Approved by Competition Regulator
Competition Authority of Kenya (CAK) has approved the merging process between Tumaini Self Service Limited, which sold a majority of its stake to Sokoni Retail Kenya in December 2018, and [...]Kenya Power Gets Sh 13.7 Billion Funding to Roll Out Last Phase of Last Mile Connectivity Project
Kenya Power has launched the fourth and final phase of its Last Mile Connectivity Program, which targets 280,475 customers in 32 counties across the country for a period of three [...]Two Stanchart Bank Executives resign to take on regional roles
Standard Chartered Bank of Kenya has announced the resignation of two Executive Directors Tejinder Singh and David Idoru effective 30 August 2019. Mr. Tejinder Singh was the head of global [...]EA Portland to sell idle land to settle debts
East African Portland Cement Company seeks to sell part of its idle land to raise working capital pending approval of an extraordinary general meeting to be held on September 27, [...]Voice calls decline as users opt for over the top applications
Voice calls are on the decline as customers opt for other forms of messaging. Recent trends show that customers are shifting to over the top (ott) mobile applications like Whatsapp [...]Pride Inn Hotel Receives the coveted 5- Star rating
Pride Inn Paradise Hotel, located in Shanzu, Mombasa, has been awarded the 5-star rating by the Tourism Regulatory Authority (TRA). The facility becomes the fifth hotel at the coast region, [...]Smart cities are Africa's key to global competitiveness.
From an inward point of view, Africa's cities seem to have the most challenges. From endless traffic jams in Nairobi, to slow internet network in Addis Ababa. While the continent [...]Uganda Pakistan top destinations for Kenya's exports in 2019
Uganda tops the list as Kenya's export destination, with approximately Kshs. 21.46 billion between January and May this year. Kenya's exports to Pakistan follow closely with approximately Kshs. 21.2 billion, [...]Kenya Airways obliges to handover documents to the DCI over lost Ksh 100 billion
The national carrier has pledged its support to the Director of Criminal Investigation (DCI) in light of ongoing investigations. The airline welcomed the inquiries in response to a letter from [...]
