Kenol Kobil’s CEO David Ohana resigns' from his position
David Ohana, the CEO of the listed oil firm –Kenol Kobil – has resigned' from his role even as the takeover process by Rubis Energie goes on. The announcement comes [...]
NSE begins shift to a new trading system
Over the weekend, the Nairobi Securities Exchange (NSE) conducted trial trading sessions on its new trading system in partnership with the Central Depository System Corporation. The exchange is in the [...]Kenya plans to introduce piped gas cooking in homes
Ministry of Energy Principle Secretary Andrew Kamau has announced the government's plan to introduce piped cooking gas in residential areas. In an interview with Ktnnews, PS Kamau said that the [...]
Equity Bank to allocate staff additional Sh8.6Bn worth of shares in an ESOP
Equity Bank plans to allocate an additional 205 million shares worth KSh8.6 billion to its employees through the Employee Share Ownership Plan. The bank’s workers already own 120 million shares [...]NIC directors set to gain from the proposed merger with CBA
NIC’s Chief Executive Officer John Gachora is one of the shareholders set to benefit from the share price appreciation associated with the merger with CBA group. Mr. Gachora owns 347,050 [...]Mövenpick Nairobi appoints new Country GM for Kenya
Mövenpick Hotel Residences Nairobi has announced the appointment of Mehdi Morad as General Manager and Country General Manager for Kenya. A Moroccan French national, Mehdi will oversee the country [...]
Copia Kenya E-commerce Service for Buying and Sending Goods Upcountry
Copia Kenya has launched a new online shopping solution for people living in urban areas to buy goods and have them delivered to their friends and family upcountry. The service [...]KAA officials raise concern over proposed takeover of JKIA by Kenya Airways
Kenya Airports Authority is skeptical about the merger between Kenya Airways and JKIA. The agency presented a report to parliamentarians raising questions on KQ’s ability to run the country’s main [...]Kenya Airways loses KSh202 million every month to its Boeing 777
Kenya Airways CEO Sebastian Mikosz has disclosed that the airline loses approximately $2 million (KSh202 million) every month to its Boeing 777 aircraft. Speaking at a parliamentary committee meeting, the [...]Kenya Top Funding hub for tech startups with Sh 35 Billion raise in 2018
In 2018, Kenyan technology startups secured $348 million (~KSh35 billion) in funding, the highest amount among African countries. This is according to Partech Africa report which focused on start-ups whose [...]WPP Scangroup’s earnings jump 28% to Sh612 million, issues special bonus
Listed advertising and communication firm WPP Scangroup recorded a 28 percent improvement in net profit in 2018 from KSh478 million to KSh612 million. The company whose operations run in 25 [...]Active accounts at the CDSC decline by 25%
The Central Depository and Settlement Corporation experienced a massive decrease in the number of active CDS accounts from 1,527,834 in 2016 to 1,150,270 in 2017. The decline was due to [...]
