Kipeto Energy Reaches Financial Close Following the Acquisition by Actis and the African Infrastructure Investment Managers
Kipeto Energy Ltd has reached financial close following the acquisition by Actis of the respective equity interests of IFC, a member of the World Bank Group, and African Infrastructure Investment [...]
Kenya Airways Starts Direct Flights to Somalia
Kenya Airways has started direct flights from Jomo Kenyatta International Airport to Mogadishu. This is after previous postponement of the flights occasioned by delay in getting additional airline and operational [...]CMA Gives Standard Investment Bank Nod to Operate in the Online Forex Trading Space
Standard Investment Bank has been granted permission by the Capital Markets Authority to operate in the online foreign exchange trading space. The Money Manager license is the first of its [...]Housing Finance Settles on Robert Kibaara as its New Head
Housing Finance has settled on Robert Kibaara, former NIC Bank Director of retail banking, as its Managing Director. Mr Kibaara takes over Frank Ireri, who notified the HF’s board that [...]
Kenya's Moi International Airport to be Run by Solar a First in Africa
A first of its kind pilot project in Africa consisting of a ground-mounted 500kW solar power generation facility and mobile airport gate electric equipment has been launched at Moi International [...]DTB's Outlook Stable' GCR
Diamond Trust Bank Kenya Limited has been given a ‘stable’ rating outlook, due to the lender’s growing franchise in a challenging operating environment. The South African Global Credit Rating Co. [...]Imperial Bank Depositors Asked to Open New KCB Accounts to Receive Payments
Imperial Bank Limited (in Receivership) depositors will have to open an account with KCB Bank to receive 12.7 per cent of the available deposit balances. In a statement, Kenya Deposit [...]COMESA Endorses Acquisition of KenolKobil by Rubis énergie
The Common Market for Eastern and Southern Africa has endorsed the take over offfer of Kenolkobil by the french firm Rubis énergie Competition Commission Board of Commissioners Chair Patrick Okilangole, the COMESA [...]Longhorn Publishers Appoints Joseph Kiruri New CFO
Longhorn Publishers Plc has appointed Joseph Kiruri as the Chief Finance and Operations Officer. In a press statement, the group Chairman Francis Nyammo noted that Mr Kiruri's appointment takes effect [...]Kenya’s Banking Industry at ‘High Risk’ SP Global Ratings
Kenya’s banking industry has been placed at a ‘high risk’ category by SP Global Ratings due to low wealth levels, and a contracting banking sector due to the recently introduced [...]Kenya's NSE Seeks To Counter Listing Drought with Ibuka Incubation Programme
The Nairobi Securities Exchange has introduced Ibuka Programme, an incubation and acceleration platform that will help address the listing drought at the bourse. Ibuka seeks to unlock the potential of [...]Strauss Energy Limited Seeks Permit to Distribute Electricity
Strauss Energy Limited has written to the Energy Regulatory Commission seeking an Electric Power Generation, Distribution and Supply permit for its three Solar-Hybrid power plants in Turkana County; Kang'atotha (16kW), [...]
