KAA starts recruitment of a new CEO following Andersen's resignation
The Kenya Airports Authority has begun the recruitment process for a new CEO following Jonny Andersen's resignation. Andersen announced that he will resign as the authority's CEO effective end of [...]
Astral Aerial partners with Yamaha to promote drone technology in Kenya
Astral Aerial, a drones service company, will enhance last-mile air cargo delivery as well as its crop spraying solutions, thanks to a recent deal with Yamaha. The local drone service [...]Central bank converts Ksh. 100 billion in ongoing demonetization
The demonetization of Kenya's Ksh 1,000 notes ends in a month. So far, conversion stands at approximately 100 million out of the 217 million one-thousand notes. This amount to Ksh [...]Longhorn Publishers plan to expand into Francophone countries
Longhorn publishers have recently posted their full-year results. Longhorn reported revenue of Ksh1.6 billion a 5% decline from the previous year. This decline was attributed to the decline in government [...]KQ kickstarts search for new CEO
Kenya Airways is seeking to replace Mikosz who leaves the firm in December. Sebastian Mikosz issued a resignation letter in May citing personal reasons for his resignation. According to the [...]
Bus hailing platform to use Nairobi as a launchpad to other cities.
SWVL plans to use Nairobi to set motion its expansion to other cities in Africa and the world. The bus hailing platform recently injected KSh1.5 billion into its Kenyan business, [...]CMA partners with ICIFA to train Capital Markets professionals
The Capital Markets Authority has today signed a Memorandum of Understanding with the Institute of Certified Investments and Financial Analysts (ICIFA). According to the CMA Chief Executive Officer, Mr. Paul [...]SEACOM ready to power the next wave of enterprise connectivity across Africa
SEACOM landed 10 years ago as the first undersea cable to provide internet services in Africa. This was after a 2-year construction project that cost more than $500 Million (KSh51.5 [...]Britam launches Cyber Insurance for corporates
Britam has collaborated with Chubb, a global leader in cyber insurance, to provide a cyber-security cover for corporates. The innovative cyber insurance cover will enable corporates to mitigate risks in [...]Housing Finance makes KSh97 million loss in the first half of 2019
Housing Finance has recently released half-year results for the period that ended in June 2019. The mortgage provider posted KSh97 million net loss in the six months period from a [...]Digitization to drive private business growth in Africa, are businesses ready?
A survey by PWC reveals that African business owners are optimistic that their revenues will grow in the next 12 months. Moreover, 81% of the continent's business owners believe that [...]Barclays Kenya Posts 19% Growth Normalised Pre-Tax Profit in Half Year 2019 to Kshs 6.3 Billion
Barclays Bank of Kenya has today reported a normalised profit before tax of Kshs. 6.3 billion for the period ended 30 June 2019, a growth of 19% compared to a [...]
