Court Order allows Nakumatt To Access The Junction Branch, Mall Owner agrees to comply
A High Court in Nairobi on Monday issued a restraining order to Junction Limited, the owners of the Junction Mallin Nairobi. The order issued by Commercial Division Judge Joseph Onguto [...]
Microsoft Launches Africa's First Policy Innovation in Partnership with Strathmore University
As countries and industries across the world make the much-anticipated shift towards digital transformation, new and exciting advancements are underway. In a move that is set to further transform and [...]Stanlib Fahari I-reit Granted Extension To Increase Property Portfolio To 75%
STANLIB Fahari I-REIT unitholders have been notified that the company has been granted an extension by the Capital Markets Authority to invest at least 75% of its total net asset [...]Bidco Opens Sh 2 Billion Detergent Factory
Fast moving consumer goods manufacturer – Bidco Africa has commissioned a new Shs. 2 billion washing powder plant at its Thika Headquarters. The new facility has been designed to meet [...]Safaricom Increases Market Share by 0.7% to 72.6%
As at the end of the fourth quarter of the financial year 2016/17, the number of mobile subscriptions in Kenya stood at 40.2 million. This marked a growth of 2.8 [...]Carrefour to Open third Store in Kenya at Thika Road Mall (TRM)
French multinational retailer Carrefour Kenya, which has opened two hypermarkets in the country has announced it will open its third outlet in Kenya at Thika Road Mall (TRM) before the end of next [...]Mobile phone lending app, Branch, raises Sh200m for M-Pesa loans
Branch, a Facebook-linked mobile phone lending app, has raised Sh200 million by issuing a commercial paper. The Silicon Valley startup will use the funds to grow its loan book. Branch [...]NSE Kenya Ranked Africa's Worst Performing Stock Market In September 2017
Kenya’s Nairobi Securities Exchange (NSE) was Africa’s worst performing major stock exchange in the month of September 2017, according to data compiled by London based economic research consultancy Capital Economics. During the [...]Unga Group Reports Massive drop in FY Net Earnings, Dividend retained
Unga Group released its results for the financial period ending 30 June 2017 that saw unpleasant numbers. The company's revenues increased slightly by 3% to KES 19.5 Billion compared to [...]Kenya's Q2 GDP Slows By 130 bps to 5%
Kenya's real Gross Domestic Product (GDP) in the second quarter of 2017 slowed down to 5.0 percent compared to 6.3 per cent in the corresponding quarter of 2016. According to [...]EazzyPay Is Rapidly Gaining Popularity
The Communications Authority of Kenya in its Q3 sector statistics released in June 2017 offered interesting insights into the growth of mobile banking in Kenya. One key insight was the [...]Owners of Nairobi's Junction Mall Kick Out Nakumatt as anchor Tenant
Owners of The Junction mall have kicked out troubled retailer Nakumatt Supermarkets as the anchor tenant of the complex over rent arrears running into millions of shillings. Take notice that Nakumatt [...]
