Keroche directors to be arraigned in court for tax fraud allegations
On Wednesday, Noordin Haji the Director of public prosecution directed the arraignment of Tabitha Mukami Muigai and Joseph Karanja Muigai the directors of Keroche Breweries. The action was taken after [...]
Kenya gets AU endorsement for UN Security Council seat
The African Union (AU) has endorsed Kenya to represent the African continent at the United Nations Security Council (UNSC) for the 2021-2022 term. Kenya garnered 37 votes against Djibouti’s 13 [...]
Truworths to close some of its UK Outlets
South African retail store Truworths plans to close its loss making UK stores in the next two years. The company joins other South African firms that are downsizing their international [...]Nairobi based recycling company secures funding from DOB Equity and Global Innovation Fund
Mr Green Africa, a Nairobi based plastic recycling company and supplier of environmentally friendly material has secured funding from DOB Equity and Global Innovation Fund. The investment is expected to [...]Tullow Oil transforming lives in Turkana
When Tullow Oil started exploring oil in the Northern part of Kenya, there was uproar from the local community. The people of Turkana needed to know if there are gains [...]Kenya risks losing the KSh2.7 billion Australian flower market
For a long time, Kenya has been the world’s 4th largest flower exporter, making a total of over $500 million (KSh51.5 billion) every year, behind Netherlands, Colombia and Ecuador. Rose [...]Jambojet, Little Cab partner to offer affordable cab rides
In a three-month initiative aimed at providing Jambojet customers affordable and convenient travel, to and from the airport, the low cost airline has partnered with Little cab to offer a [...]Family Bank posts 259% jump in net half-year earnings
Family Bank’s net profit in the first half of 2019 went up to KSh364 million, a 259 per cent improvement from KSh101 million booked in a similar period in 2018. [...]
Asian markets rise as the US delays Huawei ban
Stock markets in Asia rose in response to an announcement by Trump's administration to delay the Huawei ban. The upward trend in the stock markets was also supported by the [...]Turkana's Early Oil Production Scheme has been successful, what's next?
The Early Oil Production Scheme (EOPS) marks Kenya's first milestone in its oil exports' journey. The Turkana Oil exploration began in 2012. Successful testing and analyses as well as the [...]Citi optimistic about M-Pesa growth
Citi Research have revised their target price for Safaricom stock from KSh28.8 per share to KSh30.1 per share. The decision is based on the positive outlook they have on M-Pesa [...]Centum Sells King Beverage Limited Shares to Danish Brewing Company
Investment company Centum has revealed that it has finalized the agreement to sell all its shares in Kings Beverage Limited to Danish Brewing Company East Africa Limited. Centum holds 100% [...]
