Home Afrika Delays Publishing of 2018 Financial Results
Home Afrika Limited has joined the list of companies that have sought approval from the Capital Markets Authority to delay the publication of the audited financial results for the fiscal [...]
KTDA tea production rises amid price decline
Cumulative green leaf production for smallholder tea farmers under Kenya Tea Development Agency (KTDA) rose to 868.9 million kilos in the first nine months of the 2018/19 financial year (July [...]
Equity Bank to acquire Atlas Mara's operations in 4 African Countries
Kenya's leading bank in terms of market capitalisation and customer numbers Equity Group has announced that it has entered into an agreement with Pan-Africa focused banking group Atlas Mara to [...]Kenya Airways widens loss to Sh 7.59 Billion
NationalcarrierKenyaAirwayshasreported a loss of Sh 7.59 Billion for the 12 month period ended December 2018 from a loss of Sh 6.41 Billion reported in the nine month period ended in [...]Court Bars KRA From Collecting Betting Levy
The Kenya Revenue Authority can no longer collect taxes accrued from betting firms following a court order which stopped the operations of crucial Income Tax Act sections (Sections two, 10, [...]Equity Group and Safaricom renew partnership
The two major listed companies Equity group and Safaricom have renewed their partnership which will see the two firms work together to provide better financial services to Kenyans. Through the [...]
Disagreement over Bob Collymore’s successor
The Chief Executive of Kenya’s most profitable listed company Safaricom is set to leave office in August when his term of service at the telco comes to an end. However, [...]Ex-Google and Oracle Employees collaborate to Develop Africa's Machine Learning AI Talent
Africa has a population of 1.2 billion and the number of working-age young people will exceed that of the rest of the world combined by 2035. In Kenya, 80% of [...]KNCCI Partners with KBA to Boost Financing of SMEs
The Kenya National Chamber of Commerce Industry(KNCCI) has partnered with Kenya Bankers Association (KBA) in a deal aimed at promoting the growth of SMEs. The partnership also seeks to advocate [...]TransCentury and EA Cables to delay release of 2018 financials
As the 30th April deadline for publishing financial results nears, listed firms TransCentury and East African Cables have announced that they will be late in posting their reports. Capital Markets [...]East African Cables Enters into a deal that could change its structure
Cables manufacturer, East African Cables, is currently engaged in an undisclosed deal that could result in a significant change for the company. The company is a leading producer of data [...]Fresh attempt to Separate Mobile Money from Telcos' Core Businesses
A bill in Parliament seeks to create legislation that will force telecommunication service providers to separate their core businesses from other ventures and acquire regulatory approvals for any other business [...]
