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 [...]
SP affirms Kenya at B+/B' with stable outlook
Global rating agency Standard and Poors (SP), has affirmed the Republic of Kenya ratings at B/B' with a stable outlook. The agency said over medium term, the country's economic growth prospects remain strong. [...]Kenya's Sept Inflation Rate Drops to 8-Month Low
Inflation rate in Kenya for the month of September was recorded at 7.06 percent, its lowest point in 8 months. This was a drop compared to August when it was [...]KBA Conference seeks to grow financial inclusion for the hardest to reach
The Kenya Bankers Association (KBA) on Thursday 28th September opened the sixth annual banking research conference where five papers were presented to delegates exploring ideas and ways the banking sector [...]Kenya Airways suspends flights to Hong Kong and Hanoi – Vietnam.
Kenya Airways has announced it will discontinue flights to Hong Kong and Hanoi, Vietnam, from October 29, 2017, saying this will help it optimize its route network and focus more on [...]Britam Asset Managers awarded License to Operate as a REITS Manager
Britam Asset Managers has received a license from the Capital Markets Authority to operate as a REITs (Real Estate Investment Trusts) Manager. The asset management subsidiary of Britam Holdings Plc [...]AON Kenya Unveils Industry-First Cyber Insurance Solution
Professional services firm Aon Kenya has launched Kenya's first cyber liability and data protection insurance product, aiming to protect companies in the event of cyber attacks, security breaches, and cyber [...]PE Fund AfricInvest acquires a 14.3% stake in Britam
Private Equity Fund AfricInvest III has acquired a 14.30 percent stake in Britam Holdings Plc. AfricInvest has entered into a conditional share subscription agreement to buy 360, 888, 281 million [...]Flame Tree Group to acquire playground equipment manufacturer distributor, PolyPlay Ltd
Nairobi Securities Exchange listed manufacturer and trading company, Flame Tree Group (NSE: FTGH) has announced its acquisition of PolyPlay Limited, a playground equipment manufacturer and distributor based in Nairobi, Kenya. [...]Barclays Bank of Kenya Readies Industry for Upcoming IFRS 9
On Monday 25th September 2017, Barclays Bank of Kenya held a workshop in Nairobi to introduce and discuss the implementation and challenges of the new accounting rules; IFRS 9. A number of [...]Kenya; The 9th edition of the Investments Investment Awards Kick off
(Press Release) Themed, finding opportunities in uncertainty the annual celebrations of the achievement of Kenya’s investments sector of the economy are here yet again, to recognize those players who continue [...]Kenyan Entertainment, Media Revenue to Hit Sh 320 Billion in 2021 PwC
According to a new report by PricewaterhouseCoopers (PwC), Kenyan entertainment and media market revenue would increase at a compound annual growth rate (CAGR) of 8.5 percent over the next five [...]
