Deacons CEO Blames Late Opening of Two Rivers Mall as the Genesis of its Financial Woes
Deacons East Africa ’s (under administration) CEO Muchiri Wahome says delay in opening Two Rivers Mall is to blame for the company’s financial woes. The fashion retail company planned to [...]
Taxify Partners with Stanbic Bank to Provide Drivers with Car Loans
Taxify has entered into a deal with Stanbic Bank and Renault Kenya to provide car on loans for its drivers. Drivers will receive 100 per cent asset financing from Stanbic, [...]
Kenyan Government Has an Option to Reorganise its Debt Portfolio CBK
Kenyan government has an option to reorganise its debt portfolio in order to reduce its stress, and achieve its commitment of narrowing its fiscal deficit. Central Bank’s Governor Patrick Njoroge [...]World Bank Partners with CRA to Unveil County Creditworthiness Academy in Kenya
The World Bank Group, in partnership with the Commission for Revenue Allocation, has rolled out County Creditworthiness Academy in Kenya which seeks to educate County Government financial officials and the [...]CBK Keeps Interest Rate Unchanged at 9% in its First Meeting of 2019
The Monetary Policy Committee has resolved to keep the Central Bank Rate unchanged at 9 per cent. MPC made the decision during its first meeting of 2019. The Central Bank [...]Hemmingways Ranked Best Hotel in Nairobi
Hemmingways Nairobi is the best hotel in Nairobi, this is according to the 2019 Travelers’ Choice Awards. The award, which is based on reviews and opinions of ordinary customers, also [...]The Controversial Ksh4.2Bn Lake Basin Mall Set to Open Two Years After Completion
The Ksh4.2 billion shopping complex, owned by the Lake Basin Development Authority (LBDA) is set to open, two years after its completion. LBDA Managing Director Evans Atera confirmed that French [...]CAK Approves Kenol Kobil's Takeover Bid
KenolKobil investors can go ahead and finalise the takeover bid by Rubis Énergie SAS, says the Competition Authority of Kenya. In January 2019, Kenol Kobil board approved the acquisition deal [...]ECP Receives a Nod to Acquire Artcaffe
Emerging Capital Partners has received a nod from the market regulator to acquire restaurant chain Artcaffe. This folds up the series of regulatory requirements for the private equity firm to [...]M-Pesa Global Nominated for Global Mobile Awards 2019
M-Pesa Global, Safaricom’s money transfer platform, has been nominated for the prestigious Global Mobile Awards. The facility opens up M-Pesa to a number of international financial services across the world. [...]Kenya Appoints TDB, Standard Bank Group, to Source $1Bn Syndicated Loans
Kenya has picked Trade and Development Bank (TDB) and Standard Bank Group Ltd to help it raise $1 billion syndicated loans. According to a Bloomberg, the president of TDB, Admassu [...]BitPesa's Founder Elected by WEF to Co-Chair the Global Blockchain Council
Elizabeth Rossiello, Chief Executive and founder of BitPesa, has been appointed by the World Economic Forum to be one of the two co-chairs of the Global Blockchain Council. The appointment [...]
