France 24 Launches on Digital Free-To-Air Platform in Kenya
France 24 has become the first 24-hour international news channel to be on a digital free-to-air platform in Kenya following the signing of an agreement with SIGNET, a subsidiary of Kenya Broadcasting [...]
Kenya Invites Tenders to Upgrade Pipeline for Early Oil Exportation
Kenya has invited tenders for the improvement of the current pipeline that links Mombasa’s onshore storage tanks to the ship loading facility in the Indian Ocean. The upgrade will facilitate [...]Kenya: March Inflation Rate Falls Further to 4.18%
Consumer prices in Kenya fell further by 4.18 percent year-on-year in March of 2018, compared to 4.46 percent in the previous month. It was the lowest inflation rate since April [...]
Cabinet Approves African Free Trade Agreement for Ratification
The Kenyan Cabinet has endorsed the Africa Continental Free Trade (AfCFTA) treaty for ratification. The bill for ratifying the treaty was signed in Kigali by 44 African head of states. [...]HF Group Posts 86% drop in Net Earnings, Cuts Dividend by 30%, Issues Bonus
Housing Finance Group has reported its financial results for the full year financial period ended December 2017. Key Highlights; Total interest income declined by 17% to Sh 7.1 Billion as [...]Kenya Power Launches Operation Ondokea Laini to Eliminate Encroachment on Electricity Wayleaves
Kenya Power has launched an operation called Ondokea Laini which involves the demolition of illegal structures developed on its wayleaves in Nairobi. The operation is being conducted with the support [...]CMA Permits Sanlam to Cease Operations After Pinebridge Buyout
Local non-bank financial services provider, Sanlam Kenya, has secured preliminary regulatory approval to officially cease the operations of its local Investment and asset management subsidiary Sanlam Investment Limited (SIL). The [...]Govt NSSF Commit to Inject Sh 4.2 Billion into National Bank within 6 Months
National Bank of Kenya has today announced a pre – tax profit of KES 785 million for the period ending 31 December 2017. The bank stated that the growth was [...]Japanese Firm Finalises Phase 1 of Constructing A Dual Carriage on Ngong Road
World Kaihatsu Kogyo Company Ltd has finalised the first phase of constructing a dual carriageway on Ngong Road after an 8-months delay. The delay was caused by difficulties in shifting [...]Massmart is Set to Open New Outlets in Sub-Saharan Africa including Kenya
The chairman of South African retailer Massmart has said that they plan to open nearly 20 new outlets in pan-African countries over the next three years. “We’re very bullish about [...]IM Bank reports 6.4% decline in net earnings to Sh 7.3Bn, Gross NPLs surge 107% to Sh 19.5B
IM bank has announced a decline of 6.4% in its Profit After Tax for the year ended 31 December 2017 closing in at Sh 7.3 billion. The lender attributed the [...]Germany's largest private brewer ventures into Kenya
Warsteiner, the premium beer from Germany’s largest private brewery, is now available in Kenya. The new entrant is targeting the premium beer market, which licensed importer and distributor Maxam limited, [...]
