Kenya and France sign contracts worth Sh 230 billion
Kenya has sealed several infrastructure contracts with French companies after Emmanuel Macron’s visit into the country. According to Reuters, one of the contracts entered into is the Nairobi – Mau [...]
EAPCC Sells its Athi River Land to Kenya Railways
East Africa Portland Cement Company has abided by the Government plan to have it sell 16,000 acres of land in order to revive the troubled cement maker, which recently issued [...]
India Govt Invests Sh 2.9 Billion in Rivatex East Africa
The Indian Government has invested Ksh 2.9 billion into the Rivatex company which will be used to revive the textile factory and have it back on operation. The Indian High Commissioner to [...]Sh 86 Billion debt write-off for struggling sugar companies
Kenya's Cabinet Secretary for Agriculture Mwangi Kiunjuri revealed a plan by government to write off KSh 85.5 billion debt owed by five sugar factories in the Western region. The plan [...]Kenol Kobil appoints two board members to represent Rubis Energie SAS
The board of Kenol Kobil has appointed two new directors to represent the interests of Rubis Energie which is in the process of finalizing its acquisition of Kenol Kobil PLC. [...]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 [...]
