HORECA Appoints Provisional Liquidators Pending Insolvency Petition
HORECA Kenya Limited, privately owned Food distribution company, has appointed provisional liquidators pending hearing and determination of insolvency petition. EY Kenya's Julius Mumo Ngonga and Anthony Makenzi Muthusi will be [...]
IM Directors Approve Ksh1.6B Dividends Payout
IM Holdings PLC has approved Ksh1.6 billion dividends payout, a public announcement from the firm has said. The directors have approved payment of an interim dividend of Ksh3.90 per ordinary [...]M-KOPA Receives Financial Backing from Japan’s Sumitomo Corporation
Sumitomo Corporation, a Japanese-based conglomerate with its head office in Chlyoda-ku, Tokyo, has invested in M-KOPA Holdings Limited, the pay-as-you-go' solar and finance platform. Through this investment, Sumitomo aims to [...]Tanzanian-based Jamii Africa Raises $1M in Q3 as Interest in InsurTech Firms Soars Globally
Jamii Africa, a Tanzanian insurance technology firm, received $1 million funding during Q3 of the year as it seeks to accelerate it business across its market of operation, and venture [...]StanChart Kenya Appoints Kariuki Ngari as CEO and MD
Standard Chartered Bank Kenya Limited has announced the appointment of Kariuki Ngari as its new Chief Executive Officer and Managing Director effective first quarter of 2019. Mr Ngari will replace [...]Kenyans Had a Rough Time in 2018 Due to High Cost of Living and Unemployment; Hopeful of 2019
Kenyans had a rough time in 2018, with high cost of living and unemployment running roughshod on them. In the Kenyans’ perceptions towards 2018 and their aspirations for 2019 #YearEndPoll [...]Kenya's Mobile Phone Penetration Surpasses 100% Mark
Kenya’s mobile phone penetration crested the 100 per cent mark, says the Communications Authority of Kenya. It joins Morocco, Namibia and Tunisia, the only countries in Africa to achieve the [...]CMA Grants a Djibouti-based Salaam African Bank License to Operate an Investment Bank in Kenya
The Capital Markets Authority has granted Djibouti-based Salaam African Bank a license to operate an investment bank in Kenya. Salaam Investment Bank Kenya Limited will offer its clients wealth management [...]Swiss Re Head of Investments Christopher Minter appointed Director at Britam
Christopher Minter has been appointed Director of Britam Holdings Plc effective 20 December 2018. Mr Minter is the Head, Principal Investments and Acquisitions at Swiss Re. He is responsible for [...]Kenya Airways Officially Asks to be Allowed to Operate JKIA in Order to Weather Financial Turbulences
Kenya Airways has officially declared its interest to operate Jomo Kenyatta International Airport as it seeks to recover from a prolonged revenue drought and maintain a high standing among its [...]Kenya to Become First Country in Eastern and Central Africa to Float a Green Bond
The National Treasury has announced that it will issue the first green bond during the fiscal year 2018/2019, if successful, this will position Kenya as the first country in in [...]Press Release: SOS Children’s Village Mombasa Goes Solar
The Delegation of German Industry and Commerce (AHK) unveiled a refurbished solar power plant at the SOS Children’s Village in Mombasa. The facility was originally constructed in 2011 to serve [...]
