NIC/CBA Merger Deal to be Completed by July
The NIC-CBA merger deal is expected to be completed by 17th July; this is according to a circular notice issued by NIC Group. According to the notice, the anticipated timetable [...]
Jumia stock price jumps up 75% on first day of trading
On Friday, Africa focused e-commerce platform Jumia listed on the New York Stock Exchange. The e-commerce firm, founded by French entrepreneurs, Jeremy Hodara and Sacha Poingnonnec, started operating in Nigeria [...]
Bamburi Cement Hikes dividend despite 69% decline in net profit
Bamburi Cement experienced a big decline in its net earnings from KSh1.97 billion in 2017 to KSh614 million in 2018. The company blamed dwindling demand for cement and stiff competition [...]KQ Expands its Codeshare Agreement with Delta Airlines
Kenya Airways has expanded its codeshare agreement with Delta Airlines a move that will open seamless travel in the US and Canada. KQ travelers in the US will enjoy more [...]KPMG East Africa appoints new CEO
KPMG East Africa has appointed Benson Ndung’u as the new CEO. He currently serves as KPMG’s Head of Tax in the region. Prior to his role in the tax department, [...]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 [...]
