Goodlife Pharmacy appoints Amaan Nizar Khalfan as new CEO
Kenya's leading pharmacy brand, Goodlife Pharmacy Ltd, has appointed Amaan Nizar Khalfan as its new CEO. Prior to joining Goodlife, Amaan served as Chief Operations Officer at Aga Khan University [...]
LG East Africa Goes online after Nakumatt slump
LG East Africa says it sold 60 percent of its products online last year after Nakumatt supermarket began facing financial crisis that lead to the closure of a number of [...]
Foreign food companies set to enter Kenyan market
GEA, a German-based supplier of food processing technology, is finalising plans to enter the Kenyan market. The company will market its products to the agricultural sector which could benefit from [...]World Blockchain Summit Series 2018 to kick-start in Nairobi
The year of blockchain will start off on a glorious note as the first summit in the yearlong series of events will take place in Nairobi, Kenya. The location could [...]European Investment Bank extends $40M financing facility to IM Bank
The European Investment Bank (EIB) has agreed a new US $ 40 million financing facility with IM Bank Ltd that will support investment by businesses across Kenya. Backed by the [...]CBK offers a tap-sale for the 15-year Infrastructure Bond
The Central Bank of Kenya offers to eligible investors the opportunity to participate in a Tap Sale of the tax-free 15-year infrastructure bond. The amount on offer is KES 35 [...]Upward but Slow Rise in House Prices Expected for 2018 KBA Index
On the back of a generally suppressed private sector credit expansion, the rise in house prices remained subdued as reported by the Kenya Bankers Association House Price Index (KBA-HPI). According [...]Kenya's New Vehicle Sales fall 21% in 2017; eight-year low
The number of brand new vehicles sold by dealers and manufacturers in Kenya dropped to an eight year low of 10,722 units in 2017. This was a drop of 20.7% compared to [...]Central Bank Kenya 2017 Profit Hits Sh 17 Billion on Stronger Shilling
During financial year ended 30 June, 2017, the Central Bank of Kenya recorded a net profit (surplus) of Sh 17.05 Billion compared to a loss of Sh 4.6 Billion in [...]De La Rue invests Sh286M to expand Kenya operations
De La Rue says its investing KSh 286 million (US$2.9 million) to strengthen and underpin its operations in Kenya. The firm points out that this is part of a long term [...]Dutch PE Firm DOB Equity invests in app-based delivery network Sendy
Sendy, a mobile-based on-demand delivery services platform operating in Kenya, has completed a Series A investment round, led by Dutch PE firm DOB Equity. DOB Equity will invest alongside CFAO, member [...]Isuzu Motors Officially Launches its East Africa Operations in Kenya
Japanese automaker Isuzu Motors Limited has officially launched its East African operations in Kenya following the buyout of a 57.7% stake in General Motors East Africa (GMEA) in 2017. Mr [...]
