Management Shakeup at Safaricom with New Roles Created
There’s been a management shuffle at Kenya's largest and most profitable company. Safaricom PLC has announced a major overhaul to its senior management team and some new executive roles created including [...]
ERC Announces New Tariffs For Power Consumers Below 100kWh
The Energy Regulatory Commission (ERC) has announced that households consuming a maximum of 100 kilowatt-hour (kWh) would pay reduced charges of Sh10 per unit from Sh12 per Kilowatt-hour, after increasing [...]
Mpesa Growth Pushes Safaricom Earnings by 20% to Sh 31.5Bn
Kenya's largest telco Safaricom has reported its half-year results for the period ended September 2018 with net profit rising by 20.2% to Sh 31.5 Billion. Total service revenue for the [...]Intercontinental Gets New Boss Before Festive Season
Nairobi based Hotel chain Intercontinental has announced the appointment of its former Resident Manager Oliver Geyer as the hotels new General Manager, following the appointment of Dieter Franke who is [...]Kenya Moves Up 19 Places on Ease of Doing Business
Kenya has moved up 19 places on the ease of doing business to position 61 up from position 80 previously according to the World Bank ranking which ranks 190 economies [...]ARM Trading Suspension Extended For 75 More Days
The capital Market Authority (CMA) has yet again extended the suspension of trading of Athi River Mining Cement PLC (ARM) for a further 75 working day. The extension comes after [...]$450 Million Olkaria V Power Plant Still On Track, Says KenGen
Kenya Electricity Generating firm (KenGen) has reiterated that Multi-billion Olkaria V project which is currently under construction will be ready to inject another 165MW to the national grid by June 2019 [...]KBA Boss Wins Continental Award For Best Association Leader
Kenya Bankers Association (KBA) Chief Executive Officer Dr. Habil Olaka has won the Association Leader of the Year award, with the association taking the runner-up position during the 2018 edition [...]KRA to use blockchain in tax administration
The Kenya Revenue Authority (KRA) has announced it has began to identify areas where it could utilize blockchain technology for tax administration with the help of the Blockchain and Ai taskforce. [...]Kenya Power, Mumias to Delay release of Financial Results
Two NSE listed firms; Kenya Power Lighting Company and Mumias Sugar have announced that publication of their financial results for the period ended 30th June will be delayed and will [...]300 MSMEs Targeted In KBA's Inuka Enterprise Program
Over 300 Small and medium enterprises are set to benefit in this year’s Inuka Enterprise Program organised by the Kenya Bankers Association (KBA). The program intends to support Micro, Small [...]Fintech Enhances Banks Competitiveness Report
Banks backed by digital platforms are said to be offering larger loan sizes and broader product offering. According to a recent Fintech report by Genghis Capital, banks are said to [...]
