Kenya Power cracks down on illegal connections in Tassia Estate Nairobi
Kenya Power has disconnected electricity supply to more than 20 flats in Nairobi’s Tassia Estate in an operation aimed at stamping out illegal electricity connections. The crackdown was carried out [...]
IM Bank Acquires Youjays Insurance Brokers
IM Bank Limited, through its wholly owned subsidiary, IM Insurance Agency Limited (IMIAL) has announced the successful completion of acquisition of Youjays Insurance Brokers Limited (YIB). IMIAL acquired 100 percent [...]Construction of 11 Outer Ring Footbridges Finally Starts
The construction of 11 footbridges on the Outer Ring Road will has finally began with the aim of improving pedestrian safety. The Kenya Urban Roads Highway (KURA) said Sinohydro Tianjin [...]
CMA Kenya takes action against Former NBK Executives for cooking books stealing funds in 2015
The Capital Markets Authority (CMA) has announced that it has taken administrative action against former National Bank of Kenya Board members and Senior Managers who served at the Bank as [...]NSE Removes CIC, Stanbic Sasini from Top 20 Share Index
The Nairobi Securities Exchange has reviewed the constituent counters of it’s NSE 20 and 25 Share Index, with effect from April 3, 2018 following a board approval. The market index [...]MPs Discuss Motion to Waive Clearance Fees Imposed on Job Seekers
The Kenyan Members of Parliament have been debating a motion to have the government waive the fees paid by job seekers for various clearance documents required by many employers. Faith [...]South Africa's Advtech Acquires Kenya's Makini Schools
Africa's largest private education provider, JSE-listed ADvTECH Ltd, has announced its further expansion into Kenya following the acquisition of the prestigious Makini group of schools, founded in 1978 by the [...]Britam Introduces the Imarika Investment Plan with Free Life Insurance Cover
Britam Holdings Limited has introduced a unit-linked policy, the first of its kind in the market, that allows you to earn great returns while you enjoy a life insurance cover [...]Mobile Based lender Branch International Raises Sh7bn to Boost Expansion Plans
Branch International, a mobile-based money lender in Nairobi, has raised Sh7 billion in the second phase of funding to enable expansion to other countries. Matthew Flannery, the CEO of Branch, [...]Kenya Most Improved in Removing Legal Barriers Against Women
Despite daunting challenges, several economies in Sub-Saharan Africa are making progress in enacting laws that promote equality between men and women, says the World Bank Group’s Women, Business and the [...]EABL Books Office Space in the Upcoming Garden City Business Park
Garden City Mall in Nairobi is set to have a business park worth $540 million which will be an addition to the existing commercial and residential land uses. East African [...]Sidian Bank’s Shareholders Endorse Move to Raise Sh1.5bn via Rights Issue
Sidian Bank’s shareholders have endorsed the raising of Sh1.5 billion as additional share capital through a rights issue. The bank says the capital will be used to fund its growth [...]
