2018 World Blockchain Summit to be held in Nairobi in March
On March 22-23 March, Nairobi will host a large conference dedicated to blockchain a technology which is an open, distributed ledger that can record transactions between two parties efficiently. The [...]
Julius Kipngetich appointed Jubilee Holdings CEO
The immediate former CEO of troubled retail chain Uchumi Supermarkets Julius Kipng'etich has been appointed as the regional CEO of Jubilee Holdings effective January 1, 2018. Kipngetich has been serving as a non-executive director of [...]How Kenya Bankers' Inuka na SME Program seeks to empower businesses
The passing of the Banking Amendment Act in 2016 continues to have an impact on local businesses. SMEs and even large businesses continue to feel the impact in their operations. [...]Amb. Mahboub Maalim Mohamed appointed 26th Chairman of Kenya Power Board
Kenya Power has named Ambassador (Eng.) Mahboub Maalim Mohamed as its new Chairman. A former Permanent Secretary at the Ministry of State for Special Programmes in Office of the President, Ambassador (Eng.) Mohamed has replaced [...]Stanbic Bank Kenya becomes first lender to launch automated float purchase platform for Mpesa agents
Stanbic Bank has become the first bank in Kenya to offer an Automated Float Purchase platform for Mpesa agents. The service will be available through its newly installed Cash Deposit [...]Procurement Watchdog Overturns CBK's Decision to Award Dela Rue Printing of New Design Currency tender
The Public Procurement and Administrative Review Board (PPARB), a statutory procurement body has overturned Central Bank of Kenya's decision to award British currency printer, Dela Rue contract to exclusively print Kenya’s new design [...]CBK approves SBM's acquisition of Chase Bank Assets
The Central Bank of Kenya has given State Bank of Mauritius (SBM) a-go-ahead to acquire the assets of Chase Bank Kenya. The portfolio includes certain assets and matched liabilities i.e; [...]Tuskys expands its Supplier Financing facility by 50% to Sh 4.5 Billion
Tuskys Supermarket, Kenya's largest retail chain by branch network revenue, has announced that its finalising plans to expand its Kshs 3.0 billion supplier financing program to provide coverage to all [...]Britam Issues Profit Warning
Diversified financial services firm Britam holdings has issued a profit warning saying earnings for 2017 financial year are expected to be lower by more than 25 percent compared to the earnings [...]Kenya business conditions improve for the first time in eight months Stanbic PMI
Business conditions in Kenya improved for the first time in eight months amid reports of greater political stability, this is according the monthly Purchasing Managers’ Index™ (PMI™) survey by Stanbic Bank. [...]HF Group Issues Full Year 2017 Profit Warning
Listed mortgage finance provider Housing Finance Group has issued a profit warning saying its earnings for the year ended 31st December 2017 will be potentially 25% lower than that reported for [...]Safaricom Backed Taxi App Little' Seeks Sh 10B in Funding for regional expansion
Safaricom backed online taxi hailing firm Little is seeking to raise Sh 10 billion ($100M) in funding to fuel its expansion plans across the continent and compete against Uber and other up-and-comers [...]
