Polycarp Igathe leaves Equity to rejoin Vivo Energy
Polycarp Igathe has rejoined Vivo Energy after a spell as Deputy Governor of Nairobi and Managing Director and Chief Commercial Officer of Equity Bank Limited. He will rejoin Vivo on [...]
Michael Joseph offloads his shares in Safaricom
Safaricom’s founding Chief executive Michael Joseph has sold-off his shares in the company. Joseph had earlier sold half of his shares back in 2016. In the annual report Safaricom said [...]Kenya Re appoints Chiboli Shakaba as the new Chairman of its board
Reinsurance firm Kenya Re has appointed Chiboli Shakaba to lead the company’s board of directors with effect from 1st August 2019. Chiboli takes over from David Kimei who joined the [...]
Kenya Re’s half year earnings decline by 150 million
The reinsurance company Kenya Re’s net profits for the first half of 2019 dipped by 12 percent to KSh1.08 billion from KSh1.23 billion in 2018. The reinsurer blames high claims [...]Safaricom PLC's Annual General Meeting on 30 August 2019.
Safaricom PLC will hold its Annual General Meeting for 2019 at Bomas of Kenya on Friday, 30 August 2019 from 11: 00 am. The meeting will entail a discussion on [...]
CIC group Appoints Georgina Malombe as an Independent Director.
CIC group has appointed Georgina Maria Malombe to join the company's board of directors starting from 1st August 2019. Ms. Georgina has a wide experience in accounting, audit and corporate [...]CMA Admits Innova and Pezesha into Regulatory Sandbox
The Capital Markets Authority approved the entry of three Fintech firms into its regulatory sandbox. Innova, Pezesha, and a third unnamed company are the first entrants into the Capital Markets [...]Tuskys gains entry into NSE’s Ibuka program
The retail store Tuskys has been granted entry into the Nairobi Securities Exchange incubation program dabbed Ibuka. The supermarket chain aims to use the platform to grow its network of [...]Mpesa to move beyond Kenya
Safaricom interim CEO Michael Joseph on Wednesday that he would focus on expanding financial services business Mpesa beyond Kenya. In an interview with Reuters Joseph said,” I’m particularly keen to [...]EABL to lay off 100 staff in a restructuring plan
Diageo Africa Business Service Centre (ABSC) the major shareholder in East African Breweries Limited (EABL) plans to shut down its Nairobi based business support center and outsource the services. The [...]Telkom Kenya to terminate the employment of 575 employees
Telkom Kenya has announced a plan to send home 575 employees of the company. The massive lay-off follows Telkom’s decision to form a joint venture with mobile services company Airtel [...]Kenya ranked 8th largest geothermal power producer in the world
Kenya has moved up to position eight on the global ranking of largest geothermal power producers. It follows the completion the first unit of Olkaria V project. In a statement [...]
