Boeing Grounds Entire Global Fleet of Max 737 8s and 9s
Boeing has grounded the entire fleet of 737 MAX 8s and 9s following the recent Ethiopian airlines crash which killed all 157 aboard. This decision by Boeing came just moments [...]
Mumias Sugar maintains its loss-making streak with Sh 15 billion loss
Mumias Sugar company's losses more than doubled in 2018 to reach KSh15.1 billion from KSh6.8 billion loss booked in June 2017. It is the sixth year in a row that [...]
Uchumi Appoints Two New Directors
Loss-making retailer Uchumi Supermarkets has announced the appointment of Mr Beiju Shah and Mr Fred Rabongo as the independent Non-Executive directors of the company. In a public announcement, Mr John [...]Jumia’s 2018 revenues from East Africa more than double to KSh 1.3 billion
The East African region recorded the fastest growth in revenue for the e-commerce company, Jumia for its African business according to disclosures on a potential IPO on the New York [...]
Kenya Airways Considers Buying Airbus Planes and Abort Initial Deal with Boeing
Kenya Airways is considering to abort its initial plan to buy Boeing 737 Max jets following the recent Ethiopian Airlines crash which has also promptedseveral airlines to ground the fuel-efficient [...]EABL bond holders to receive interest on 1st April
Investors in EABL tranche 2 corporate bond will receive interest payment for their investment at the start of April 2019. It is the fourth interest payment since the bond was [...]CBK agrees to MPs demands to publish the Banking act
The Central Bank Governor Dr. Patrick Njoroge has yielded to lawmakers demands to publish banking regulations amended in August 2018. The lawmakers have again summoned Mr Njoroge and want the [...]CMA recovers Sh 458M in connection with suspicious trades in KenolKobil shares
The Capital Markets Authority (CMA) says it has secured the surrender of potentially illegal gains amounting to Ksh458 million in the context of the ongoing investigations into insider trading on [...]Safaricom Partners With AliExpress to Enable M-PESA Payments for Shoppers
Safaricom and Alibaba owned Ant Financial Services have announced a partnership that will allow Kenyans shopping on AliExpress to pay for their purchases using M-PESA. The move targets Kenyan traders [...]High mobile penetration contributes to economic growth
HKenya’s ICT sector has recorded remarkable growth in past decade driven by high mobile penetration and growth of mobile-based transactions. More than 90 percent of Kenyans have mobile phones while [...]Kenyan-owned Super App Caboda Launches cab hailing services
Caboda, a Kenyan youth-owned company is the new entrant in the ride-hailing market and has already started recruiting drivers in 6 towns as it seeks to evolve into a Super [...]Strong economic growth expected in 2019
The World Bank predicts that Kenya's economic growth in 2019 will grow at a rate of 5.8 per cent, largely attributed to a stable business environment. Analysts at Faida Investment [...]
