Acacia Mining Says it May Need to Bring in a Strategic Partner to Continue with its Kakamega Gold Plant
Acacia Mining Plc is considering to look at possibility of bringing on board to continue with exploration of its Kakamega Dome Plant – Liranda Corridor gold mine in Kenya. In [...]
ARM Cement's Bailout Bid Receives 25 Offers
Several companies have shown interest in acquiring debt- laden Athi River Mining Company. According to the firm’s administrators, PricewaterhouseCoopers, 23 companies signed non-disclosure agreements giving them access to additional information [...]
Kenya's 2019 Economic Outlook Positive CBK Survey
The Central Bank of Kenya conducts a survey every two months before the Monetary Policy Committee meeting. The bank has released findings from the survey it conducted in the first [...]
Safaricom’s Senior Executives set for Investor Roadshow to Singapore and Hong Kong
Safaricom’s top representatives are set to visit Singapore and Hong Kong to discuss the telecommunications sector and the company’s business strategy. As per a statement issued by the emerging markets [...]Conference On Infrastructure Finance Set For Nairobi
Nairobi is set to host its inaugural edition of the East Africa Infrastructure Project Finance Conference on the 20 and 21 February 2019 at the Radisson Blu Hotel. This is [...]APT Commodities Joins NSE's Ibuka Incubation Programme
APT Commodities Limited, a tea exporter, has been admitted by the Nairobi Securities Exchange Plc to join the Ibuka Program. Ibuka is NSE’s incubation and acceleration program with an eventual [...]KenGen Plans to Raise Funds in H2 2019 through Green Bond Issue
KENGEN is looking to raise funds from the capital markets in the second half of 2019 through asset-backed securities or green bonds, according to the company’s chief executive officer, Rebecca [...]Occidental Insurance Blacklists 25 Car Models, Vehicles Above 15 Years
Occidental Insurance has blacklisted 25 car models from underwriting for having obsolete or rare spare parts “and therefore proves to be a challenge when settling claims”. In a letter to [...]BAT Records a 22% Increase in PAT
BAT has recorded a 22 per cent rise in profit after tax, this is according to its latest results. The company earned Ksh4.1 billion in 2018 up from Ksh3.3 billion [...]Rose Ogega Appointed to Board of Safaricom
Kenya’s largest listed company, Safaricom, has appointed Mrs. Rose Ogega, managing director of Bloom Consultancy limited to its board of directors. Her appointment as an independent non-executive director comes after [...]Nairobi, Nakuru, Kiambu and Mombasa Contributed Highest GDP in Kenya
The Kenya National Bureau Statistics has released its first gross county product report which provides official statistics on economic size of counties, the structure of county economics and it also [...]Deacons seeks to raise Ksh450M to Settle its Financial Woes
Troubled fashion retailer Deacons East Africa will consider raising approximately Ksh450 million which is required to settle the company’s creditors and lenders and also use to balance towards the working [...]
