Adil Popat appointed new Group Executive Chairman of Simba Corp
Simba Corporation has appointed Adil Popat as the new Group Executive Chairman effective immediately. Until this appointment Adil Popat was the Group Chief Executive Officer having taken the position in [...]
CMA Kenya Wins Most Innovative Regulator' Award for 2nd Year in a row
Press Release; For the second year in a row, Kenya's Capital Markets Authority (CMA) has been recognized as the Most Innovative Capital Markets Regulator Africa by the International Finance Magazine [...]Professional Prop Trading Firm Futures First' Shuts Down Kenya Operations
Futures First, which was probably the only professional prop-trading firm in Kenya has reportedly closed shop and moved its operations to Mumbai India. The firm shut down its Kenyan operations [...]Tuskys Nakumatt Confirm Merger Talks, Say Good Progress Made
In response to media reports about a proposed merger of Tuskys and Nakumatt, the two companies have issued a joint formal statement to clarify the position in the interests of [...]CBK Keeps Rate for the 13th consecutive meeting
In the September 18th meeting, Kenya's Central Bank kept its benchmark rate (CBR) at 10 percent and said that the current policy stance remains appropriate. The meeting was held against a [...]Tuskys Takes over Troubled Nakumatt Supermarkets, Its biggest competitor
Tuskys Supermarkets has reached an agreement to save troubled family owned retailer Nakumatt Supermarkets, after the chain appeared to be heading for closure. The two will remain separate entities but [...]KPA bets on modern diesel electric cranes to bolster efficiency in handling cargo at Mombasa Port
Kenya Ports Authority’s (KPA) equipment acquisition efforts for the Port of Mombasa has received a major boost following the arrival of two ultra-modern diesel electric cranes. The cranes funded by [...]Kenya Airways CEO Sebastian Mikosz appointed to IATA board of governors
Kenya Airways Group MD and CEO, Sebastian Mikosz, has been appointed to the International Air Transport Association (IATA) Board of Governors on an ad interim basis. Mikosz interim appointment will [...]Safaricom to Hire Additional 300 employees for Customer care
Safaricom has announced that it has started the process of hiring 300 employees to boost ongoing customer care initiatives. This is in addition to last year’s announcement of an additional 600 jobs [...]The Elusive Mortgage Market
According to data from the Central Bank from 2011 to 2016, the number of mortgages over the five years increased only by 112,107 cumulatively. This was way before the rate [...]New Taxi App Launched in Kenya, Charges drivers only Sh 2000 a month
A new taxi hailing app dubbed ShareCab has been launched in Kenya to defy the established taxi-apps for their business. ShareCab has been launched at a time when drivers of [...]Norfund Backed Investment Firm Now Equity Bank's Largest Shareholder with 12% Stake
Arise B.V, a USD 660 million investment firm, is now the largest shareholder in Kenya based financial services conglomerate Equity Group with a 12% stake worth approximately Sh 18 Billion. Arise B.V, which [...]
