Twiga Foods Bitpesa Among Africa's 10 most-funded Startups
A recent report by Weetracker has revealed two Kenyan based startups, Twiga Foods and Bitpesa are among the top 10 startups that received the most funding in Africa in 2017. Twiga [...]
National Bank of Kenya offers early retirement to 150 employees aged over 35
On the surface, the latest National Bank of Kenya offer for early retirement is a typical package aimed at avoiding layoffs. The offer, targeting 150 employees applies to those aged [...]A.M. Best upgrades ZEP-RE’s financial credit rating to B++
A.M. Best has upgraded the Financial Strength Rating of ZEP-RE (PTA Reinsurance Company) to B++ from B+ and its long-term Issuer Credit Rating to “bbb” from “bbb-” with stable outlooks. [...]Workonline Communications extends its services to Kenya
Wholesale network service provider Workonline Communications has expanded its East African presence by making its IP transit services available in Nairobi, Kenya. Workonline Communications’ head of business development, Benjamin Deveaux, [...]Nakumatt Administrator appoints Tuskys as operating Managers
Nakumatt Supermarkets (in administration) recently appointed administrator Mr. Peter Kahi has announced the appointment of Tusker Mattresses Limited as the new Managers for the struggling retailer. The appointment, effected ahead [...]Sanlam Shuts Down Migori, Kerugoya Chuka Branches
Non-bank financial services provider Sanlam Kenya has announced the closure of three branches across the country saying this is part of its plans to adopt a unified distribution model. The [...]62.8% of Kenyans prefer investment in land real estate Survey
For several years, Kenya’s real estate sector has been definitely lucrative, attracting both investors and genuine buyers alike. Yet, a noticeable majority of kenyans are overly anxious when dealing with [...]Tuskys opens two more branches in Kericho Eldoret; locations previously occupied by Nakumatt
Kenya's largest retail chain Tuskys Supermarkets has opened two more branches in Kericho and Eldoret Town at locations previously occupied by troubled Nakumatt Holdings. According to Tuskys CEO Daniel Githua, [...]Liquid Telecom Strathmore unveil new data analytics centre
Liquid Telecom, a subsidiary of Econet Global, has partnered with Strathmore Business School (SBS) to launch a new data analytics centre focused on data-driven research and practices for African businesses. Under [...]86% of Kenya's working population uncertain of financial security in retirement Report
Only one in seven working Kenyans is fully confident about their financial well-being after retirement. This is according to a Retirement Confidence Report released by a local pension administrator, Enwealth [...]Uchumi Shuts Down Two Branches in Nairobi
Struggling retailer, Uchumi Supermarkets has announced it will by the end of this month shut down its two branches in Nairobi citing unprofitability. The retailer says it will not be [...]EABL Half Year Earnings Plunge 11.3% on weak sales in Kenya
East African Breweries Limited (EABL) has announced a drop of 11.3% in net profit for the half year period ended 31st December, 2017. The brewer says the results were impacted [...]
