Barclays Africa to to change its name to Absa across the continent
Barclays Africa Group has announced its intention to change its name from Barclays Africa Group Limited to Absa Group Limited, subject to regulatory and shareholders’ approval. Today, we announce that [...]
65% of TV Viewers Did Not Turn Online During Media Shutdown, Says Report
GeoPoll, a mobile surveying platform has released a report showing the impact of the shutdown of four television stations last month. NTV, KTN News, Citizen TV and Inooro TV were [...]
Kenya Feb inflation hits lowest rate since May of 2013
Kenya's February inflation rate recorded at 4.46 percent, its lowest point since May 2013. This was a drop compared to January when it was at 4.83 percent, according to data from [...]Barclays Kenya reports FY pre-tax profit of Sh 10.6 Billion amid political uncertainties
Barclays Bank of Kenya has reported a profit before tax of Kshs. 10.4 billion for the year ended 31 December 2017, in a period characterised by political uncertainties due to [...]Unga Group Reports 285% increase in net profit
Unga Group, a Kenyan-based company in the business of flour milling and manufacturing of a human nutrition products and animal feeds has reported impressive performance for the six month period ended [...]East Africa Portland Cement Records Sh969.6M Loss in 1H18
East African Portland Cement has released unaudited results for the six months ended December 31, 2017. The results show that the company’s net earnings for the period dropped by 290.8 percent [...]Gulf African Bank Opens branch in Nairobi’s Down Town Luthuli Avenue
Gulf African Bank (GAB), the Premier Shari’ah compliant SME Bank in Kenya has opened its 17th Branch along Luthuli Avenue, Nairobi. The branch is expected to improve access to financial [...]Behold, Blockchains the new era in coins; The Nurucoin
Two very important events in history are relevant to this text: the first falls in March 3rd 1882, the very date fate appointed to be the birthdate of one Carlo [...]Tullow Oil Sends home 30% of Its Staff as It Transitions to the Development Phase
Over the past one year, Tullow Oil has been reducing the number of its employees through failure to renew contracts that were due for renewal and through actual layoffs. The [...]Safaricom Announces Change of name to PLC Status
Safaricom has announced a change of name in accordance with Section 53 of the Companies Act, 2015 and in line with the approval granted by the company's shareholders during the [...]Kenya Govt unveils 11 Member Blockchain AI Taskforce headed by Bitange Ndemo
The Kenyan government has formally announced the formation of an 11 member Blockchain Artificial Intelligence taskforce which will provide the roadmap to contextualize on the application of these emerging [...]Naivas Supermarket Set To Open At Capital Centre After Uchumi's Pull-Out
Uchumi Supermarkets Limited exited Capital Centre last month as part of its restructuring strategy. To fill the vacancy, Naivas Supermarket will now be opening a branch at this same mall [...]
