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 [...]Top five business risks for East Africa Control Risks report
Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges will persist in 2018 for organisations operating in the country and East [...]Kenya Records Slowest Quarterly Growth since 2013
Kenya’s economic growth is estimated to have decelerated to 4.4 per cent in the third quarter of 2017 compared to 5.6 per cent in a similar period of 2016. During [...]Deacons East Africa Issues Profit Warning
Nairobi Securities Exchange listed retailer Deacons East Africa Plc issued a profit warning and expects the net earnings for the financial year ending 31 December 2017 to be lower than [...]Legal expert Dr. Kariuki Muigua appointed to serve on the National Environmental Tribunal
The Ministry of Environment and Natural Resources has moved to enhance the capacity of the National Environmental Tribunal with the appointment of Environmental Law and Policy Consultant Dr. Kariuki Muigua [...]A.M. Best affirms credit ratings of East Africa Reinsurance Company
A.M. Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of East Africa Reinsurance Company Limited Kenya. The outlook of these [...]A chat with 5 Kenyan CEOs on what will Keep them awake at night in 2018
Being the Chief Executive Officer of a company is not an easy task as there are many things to be kept in mind. Of the many things, leading your team [...]Fitch: Twin Deficits Remain Key Kenya Sovereign Sensitivities
Fitch Ratings-London/Hong Kong-21 December 2017: The willingness and ability of the Kenyan authorities to address persistent fiscal and external deficits remain key components of our sovereign credit analysis as President [...]
