Equity Group half year net profit up 18% to Sh 11B
Equity Group Holdings Plc has posted an 18 per cent growth to Ksh 11 billion for the period ended in June 2018 up from Ksh 9.4 billion in the same [...]
ARM's Pradeep Paunrana Officially Steps Down as CEO but Remains on the Board
ARM Cement chief executive Pradeep Paunrana has stepped down but will remain on the Board according to a letter addressed to the staff, shareholders and business partners. As founder, shareholder [...]Nairobi County suspends construction of Avic International Building on Waiyaki Way
Nairobi County Governor Mike Sonko has suspended construction and confirmed arrests of 15 Chinese workers working onsite at the Avic International Building which sits on 7.5 acre plot in Westlands [...]Java to Export Tea Coffee to China Under New Deal
Kenya’s Java House has announced that it has entered into a deal to export coffee and tea to a Chinese online retail company. The deal is part of the coffee [...]Safaricom WorldRemit partner to further boost remittances
Safaricom has signed a new partnership with digital money transfer service WorldRemit to enable instant cross border money transfer to M-pesa mobile money accounts in the country. World remit has [...]Taj Mall set to be demolished by 30th August
The Multi-sectoral committee on unsafe structure has issued a notice to the owners and developers of Airgate Mall (formerly Taj Mall) situated on North Airport Road at the junction of [...]KRA Postpones Implementation of EGMS on Bottled Water Juice
The Kenya Revenue Authority (KRA) has postponed the implementation of the Excisable Goods Management System (EGMS) through a joint statement issued by the commissioner of domestic taxes and the chairman [...]Kenya Airways signs Codeshare agreement with Delta Air
The world's third largest airline by revenue Delta Air Lines has entered into a codeshare partnership with Kenya Airways on flights to and from Nairobi’s Jomo Kenyatta International Airport. Effective [...]
Former Longhorn Boss Simon Ngigi appointed MD of Sameer Africa
Listed tyre manufacturer Sameer Africa PLC has appointed Mr. Simon Ngigi as its Managing Director with effect from 1st October 2018. Mr. Ngigi takes over from Mr. Allan Walmsley who [...]Lake Economic Bloc Bank to Kick-Start Operations in October
The Lake Region Economic Bloc Investment Bank will begin operations in October according to the Kakamega County governor and the chairman of the bloc Wycliffe Oparanya. He also said the [...]Kenyan motorists to pay more for fuel as Super Petrol prices go up
The Energy Regulatory Commission has announced new petroleum prices that will be enforced from 15th August to 14th December 2018. Super petrol increases by Ksh 1.53 while Diesel and Kerosene [...]Airtel Kenya Calls for Regulation of Telco Sector, Claims it will Boost Competition
Airtel Kenya is calling for the regulation of the telecommunications sector arguing this will increase competition and investment according to its presentation to the Parliamentary Committee on Communication, Information, and [...]
