Unilever Tea Kenya Offers Voluntary Layoffs, Targets 11,000 Workers
Recent headlines claim that Unilever Tea Kenya (UTK) plans to let go of 11,000 workers out of the 16,000 employees it has. However, the director of corporate affairs at Unilever [...]
ARM Makes Changes to Board Senior Management, part of changes to ensure turnaround
Athi River Mining Cement on Monday appointed Linus Gitahi as a non executive director and the company’s board Chairman, tasked to ensure a turnaround of the company’s performance as well [...]
How to Save Invest with CBA’s Financial App Loop
As financial institutions look for ways to improve the process of accessing financial services in Kenya, Commercial Bank of Africa (CBA) is setting the pace for players in this market [...]Jumia Introduces Back to School Campaign Offering Up to 60% Discount
Jumia has launched a back to school campaign for KCPE and KCSE students enabling them to buy school items such as mathematical sets, log books, and calculators at a discount [...]Non-English Speaking SGR Chinese Workers Could Have Their Work Permits Revoked
The Kenya National Commission on Human Rights (KNCHR) is advocating for the invalidation of work permits belonging to Chinese workers who cannot speak English. According to KNCHR chairperson Kagwira Mbogori, [...]Branch Tala disperse $244.7 Mn and $99.07 Mn since inception
An increased number of customers have moved to Fintech lenders after the capping of interest rates to four percentage points above the policy rate, in compliance with the Banking Act [...]KenolKobil's Revenue Grows 24% in the First Half of 2018
KenolKobil's revenue grew 24 per cent year on year in the first half of this year thanks to increased international oil prices and volume growth. Compared to the first half [...]Court Suspends CMA's Sh5m Fine on Ex NBK CEO Munir Ahmed
High Court Judge Pauline Nyamweya has suspended the Sh5 million fine imposed on former National Bank CEO Munir Ahmed on 3 April this year. The Capital Markets Authority (CMA) gave [...]2018 Financial reporting (FiRe Awards) launched
The 2018 edition of the FiRe (excellence in financial reporting) award ceremony of the Award 2018 has been launched and will be held on November 16, 2018 in Nairobi. It [...]CMA in talks with 10 Partners to Create a Regulatory Sandbox Platform in Kenya
The Capital Markets Authority (CMA) is in the process of establishing a regulatory sandbox platform which will regulate fintechs including cryptocurrency start-ups. This is according to its current research paper [...]Safaricom to introduce finger print biometrics to curb sim card fraud
Safaricom is in the process of developing a framework that will deal with the sim card swap fraud. The Telco is planning to layout infrastructure consisting of finger print biometrics [...]Jack Ma Creates $10m Prize for African Entrepreneurs,
Alibaba Group founder Jack Ma has launched a Netpreneur Prize for African entrepreneurs worth $10 million. The aim of the prize is to promote African entrepreneurs that are making efforts [...]
