Kenya Inflation Dips Again in Nov, Lowest Since May 2013
Inflation in Kenya fell once again in November to 4.73%, hitting its lowest level since May 2009 and well below the Central Bank's target range of 5% +/-2.5%. According to official [...]
What Do Manufacturers Look for in SYSPRO's ERP Solution?
There are numerous Enterprise Resource Planning (ERP) providers in the world of enterprise technology. Choosing the right ERP solution can be crucial to your business, in terms of maximizing efficiency [...]Mumias Sugar Full Year Loss Widens By 42% to Sh 6.8 Billion
Mumias Sugar company has widened its Full year loss by more than 42% to Sh 6.8 Billion compared to a loss of Sh 4.8 Billion in a similar period last [...]Kenya Airways Shares Resume NSE trading, massive Dillution
Kenya Airways PLC resumed trading on Thursday after a two-week suspension to facilitate the share split and simultaneous consolidation of the company’s shares which forms part of the Kenya Airways PLC [...]Kenya Power signs 23 contracts for implementation of Last Mile Connectivity Project
Kenya Power has signed a total of 23 contracts for the implementation of the Last Mile Connectivity Project (LMCP) funded by both the African Development Bank and the World Bank. [...]Delivery Start Up Sendy raises $3 Million Funding
Sendy, a kenyan package delivery start-up has raised Sh 300 Million ($3M) funding to expand its operations, according to Disrupt Africa. One of the founders of the logistics startup revealed [...]Stanbic Bank Kenya unveils new Wealth division
Stanbic Bank Kenya has launched a new business unit dubbed Wealth dedicated to offering a range of financial services including Life and General insurance, investments, health solutions and international products/services [...]Family Bank Issues Profit Warning, Posts Q3 Loss of Sh743 million; Blames Drought!!!
Family Bank Kenya has issued a profit warning saying earnings for the full year period ended 31st December will fall by more than 25% compared to the previous year. The [...]AFDB Approves Sh 16 Billion Loan for expansion of JKIA
The African Development Bank (AfDB) has announced the approval of a Sh 16 Billion (US$ 160m) loan for the expansion of Jomo Kenyatta International Airport (JKIA). The project entails construction [...]Citi Issues a buy recommendation for KCB stock, Neutral for Equity Bank
In report on Kenyan banking sector, Citi bank has issued a buy recommendation on the stock of KCB Group, Kenya's largest bank by assets. A target price of Sh 47 [...]MD of Kenya Investment Authority Moses Ikiara Appointed to Centum Board
Dr Moses Ikiara, the current Managing Director of Kenya Investment Authority has been appointed as an independent non executive director of Centum Investments. The Nairobi Securities Exchange listed firm says [...]IM Bank Q3 Earnings Decline 22% to Sh 3.9 Billion
Tier two lender IM Bank Kenya has reported its financial results for the nine month period ended September 2017 with net earnings declining by 22% to Sh 3.9 Billion. Highlights [...]
