French-based Cerba HealthCare to take over Operations at Lancet Laboratories
Cerba HealthCare will take control of Lancet Laboratories after announcing a joint venture to “strengthen provision of effective, evidence-based healthcare across Africa”. Lancet Laboratories, a medical lab services provider with [...]
Little Cab's 33-seater minibus to be launched in 2019
Little Cab is planning to launch minibus services in 2019 which will enable riders to reserve a seat and board 33-seater minibuses at specific times of the day. The Kenyan-owned [...]Kenyan Vehicle Manufacturers Asked to Produce Affordable Cars
President Uhuru Kenyatta has challenged the local motor vehicle assemblers to explore various means of producing quality affordable cars in order to boost the vehicle industry in the Kenya. He [...]Communications Authority Kenya Warns of Emotet Malware Attack Targeting Network Systems
The Communications Authority of Kenya has warned of a new malware known as “Emotet” targeting network systems in the country. The warning came through the CA’s National Computer Incident Response [...]
AfDB to Raise $7B from Capital Markets for its African Investments
The African Development Bank is set to raise US$7.24 billion from capital markets after the board approved its 2019 borrowing program. The Bank accesses many capital markets and majorly borrows [...]RwandAir Expands its Flight Destinations to Ethiopia
RwandAir has announced that it will commence flights to Addis Ababa, the capital city of Ethiopia, in April 2019. The Rwanda national carrier will operate five weekly direct flights from [...]Catalyst Principal Partners Acquires Mattress Manufacturers in Kenya, Uganda, and Malawi
Catalyst Principal Partners has entered into a deal with top three mattress manufacturers in Kenya, Uganda and Malawi in a move to acquire Superfoam Limited, Euroflex Limited and Vitafoam Limited [...]AfricInvest Increases its Britam's Stake to 16.26%
AfricInvest has increased its stake at Britam Holdings to 16.26 per cent, after acquiring 49.3 million shares worth Ksh450 million. Last year, the private equity firm bought 360.8 million new shares from [...]Eveready Appoints Joseph Sitati as its Director
Eveready East Africa Plc has appointed Joseph Sitati as its independent, non executive director, bringing his wealth of experience in finance, operations, retail management, logistics and information technology. Mr Sitati [...]Jamii Bora Bank CEO Samuel Kimani Quits
Samuel Kimani, Jamii Bora's chief executive, has taken an early exit. The Board of the third-tier lender says Timothy Mwaniki Kabiru will take over in acting capacity, until the position is [...]Major US Financial Firms to Launch a Rival Cheaper Bourse
Major financial firms in the United States are teaming up to launch a cheaper bourse that will compete with the New York Stock Exchange and Nasdaq. To be identified as [...]Safaricom and CBA Group Launch FULIZA Feature to boost M Pesa Transactions
Safaricom has partnered with Commercial Bank of Africa to launch a new M-Pesa feature dubbed Fuliza, which is set to complement the existing 30-day term loan, currently offered as M-Shwari. [...]
