Kenyan Retailers to face Stiff Penalties for Payment Delays to Suppliers
Retailers will now pay suppliers their dues within a stipulated time according to a new directive by the government. The newly launched Retail Code of Practice states that retailers will [...]
UNCONFIRMED: Lafarge in Talks to Acquire Portland Cement
Lafarge, the French multinational, is in talks to acquire East African Portland Cement Company, a firm that is heaving under a financial rut. The firm is now considering bailing out [...]Gov't Rescinds Decision to Ban 8-Year 1500cc Cars
The Kenyan government has rescinded the decision to ban the importation of 8-year 1,500cc second-hand vehicles, until further consultations take place. The cabinet secretary for Industry, Trade and Co-operatives, Peter [...]Kenyan Bank Customers Prefer Human Tellers over Robots and Chatbots
A majority of bank customers in Kenya prefer to be served by tellers to using automated services at their bank branches. In the Customer Service Survey Quarter Four 2018 released [...]President Museveni “Astonished” After Regulator Charge MTN Less for Telecom License Renewal
Uganda’s President Yoweri Museveni has lashed out at the telecommunications regulator for renewing the license of MTN Uganda, the country’s biggest Telecoms operator for a lesser fee. The local media [...]KRA’s Ambitious Goal to Collect Ksh6.1T by 2021
KRA released its corporate plan for 2018/2021 on 16 January 2019. In the new plan KRA aims to collect revenue of up to Ksh6.1 trillion by 2021. It is an [...]
KCB Among Most Digital Savvy Banks Globally Survey
Kenya Commercial Bank is among the world’s top lenders that are digital savvy, a survey by Hamburg-based Digital Scouting shows. KCB was listed position 13 in the Top 100 Digital [...]Sanlam Kenya to Pursue its Ksh1.1B Lost Through Corporate Bonds
Sanlam Kenya says it will pursue, to the bitter end, recovery of Ksh1.114 billion it lent to various corporates before they were declared insolvent. Patrick Tumbo, the new regional Sanlam [...]
BBOXX Lands US$31 million deal with Africa Infrastructure Investment Managers
Africa Infrastructure Investment Managers, a member of Old Mutual Alternative Investments, has invested US$31 million for a minority stake in BBOXX’s operations in Rwanda, Kenya and the Democratic Republic of [...]Kenya on Course to Commercially Produce Oil by 2022 Tullow
Tullow oil plans to start small scale oil exports from Kenya before end of the first half of 2019. At the moment, the company transports 600 oil barrels daily to [...]Telkom Kenya To Invest in Network Coverage Expansion and Capacity
Telkom Kenya will spend Ksh1 billion to improve mobile connectivity to boost quality of services to its customers, an initiative that will revive its efforts to compete with market leaders [...]Perfomance at the NSE Unchanged after the Attack
Activity at the Nairobi Securities Exchange went on as usual unaffected by the terrorist attack on 14 Riverside Drive. 31 listed stocks (almost half of NSE’s listed companies) recorded a [...]
