Kenya Shilling Pushes Up to Fresh 9 Month high against the Dollar
The Kenyan Shilling continued its strong performance and touched a fresh nine month high against the US dollar in morning trade on Wednesday, on surging dollar inflows. At 1155 GMT, the [...]
Uchumi CEO Julius Kipngetich Abruptly Resigns after 2 years on the Job
Julius Kipngetich, the CEO of struggling retailer Uchumi Supermarkets has abruptly resigned after just two years on the job. The retail chain did not give a reason for Kipngetich's departure. The [...]PMI Kenya's Nov Private Sector Worsens but at a slower pace
According to Stanbic PMI, political instability in Kenya contributed to the seventh consecutive deterioration in business conditions in November. Although the seasonally adjusted PMI rose from a survey-record low of [...]Vivo Energy Acquires Engen Operations in Kenya other nine markets
Netherlands headquartered downstream petroleum company, Vivo Energy has entered into an agreement to acquire the operations of Engen Holdings in Kenya other nine African countries. Under the deal, Engen [...]IMF MD Christine Lagarde Appoints Kenyan National Nancy Asiko Onyango as Director of Internal Audit
International Monetary Fund (IMF) Managing Director Christine Lagarde has announced the appointment of Kenyan national Nancy Asiko Onyango as Director of the Fund’s Office of Internal Audit and Inspection (OIA). [...]Kenya Govt Owned National Oil Set to List on Nairobi London Stock Exchanges
The government has initiated plans to sell a stake in state owned oil firm, National Oil Corporation. This will see investors get a chance to acquire shares in the state [...]Kenya signs deal to construct highway linking to Ethiopia and South Sudan
NAIROBI, Nov. 30 (Xinhua) Kenya on Wednesday signed a deal to construct a highway to link the country to Ethiopia and South Sudan. James Macharia, Cabinet Secretary in the [...]Nairobi Business Ventures posts Sh 15M loss from a profit of Sh 1.04M
Nairobi Business Ventures (NBV), a local shoe and leather accessories retail chain listed on the Nairobi Securities Exchange has reported a net loss of Sh 14.9 Million for the half [...]Dangote Registers Two Companies in Kenya, To start operations in 2019/20
Dangote Cement has revealed that they have registered two companies in Kenya with plans to build two plants of 1.5Mta each, near Nairobi and Mombasa, to serve the local market. [...]Jamii Telecom to Launch Faiba Mobile, its Data Focused Mobile Network
Earlier in the year, the Communications Authority of Kenya granted Jamii Telecoms 700MHz frequency that could allow the company widely known for its Faiba brand to operate 4G. Jamii Telecoms [...]Safaricom Opens five new regional outlets
Safaricom has announced the launch of five new Safaricom Shops that aim to cater for rising demand across the country. In Nairobi, a new Ronald Ngala Shop will serve customers in [...]Signature Mall to Open in Early 2018 with Choppies Azure Best Western as Anchor Clients
Signature Mall, a new mixed-use development on Mombasa Road, is set to open in early 2018 with a view to catering to the surrounding neighbourhoods in Nairobi’s southern outskirts. Construction [...]
