French group Eutelsat Enters Kenya's Internet Supply Market
Konnect Africa, the subsidiary of the French group Eutelsat specialised in the provision of internet via satellite, has officially announced the launch of its activities in Kenya and sixteen other [...]
Half of Tuskys Suppliers Sign Up For Supplier Financing Program'
Tuskys Supermarket has announced that more than half of its suppliers have signed up for its supplier financing program introduced in 2014, the first of its kind in the country's retail [...]Dubai Islamic Bank Begins Operations in Kenya with Three Branches
Dubai Islamic Bank (DIB), the world's first Islamic Bank Bank has formally began its operations in Kenya a month after being granted license by the Central Bank of Kenya. The [...]KCB Group Tables Proposal To Acquire 70% Stake in National Bank Of Kenya
Kenya's largest lender by assets, KCB Group (KCB) has submitted a proposal to the National Treasury and National Social Security Fund (NSSF), that will see it acquire atleast 70 percent [...]TransCentury Cuts FY 2016 Pre Tax Loss by 64%, Revenues Drop 31%
TransCentury Limited (TCL) has announced its financial results for the year ended 31 December 2016. The Group recorded a 31% drop in revenue, however, it substantially reduced its loss after tax [...]Kenya Airways To Undertake 2nd Rights Issue in Six Years
Kenya Airways has confirmed that it will soon invite shareholders to participate in a rights issue aimed at optimizing the airline's balance sheet as part of a broader turnaround strategy. KQ said in [...]OPINION; There Is A Case To Buy KQ Shares
By Ibrahim Karuthiru; Kenya Airways (KQ) recently released its Full Year Results and as expected, net loss reduced by a decent margin, but still it was huge loss, no matter how management [...]The 16 Most problematic factors for doing business in Kenya
The World Economic Forum has published a report which sheds light on some of the barriers companies face in conducting business in Africa and other parts of the world. The report dubbed, Global [...]Mobile remittances from UAE to Kenya up 14% in last two years
According to Xpress Money, a global money transfer brand, there has been a 14 per cent increase in remittances from the UAE that culminate onto mobile wallets in Kenya over the [...]Kenyan private sector stagnates during May Stanbic PMI
The performance of the Kenyan private sector was stagnant in May as the PMI posted just below the neutral 50.0 threshold. At 49.9 in May, down from April’s 50.3, the seasonally [...]Govt To Guarantee Kenya Airways’s Sh77 billion Debt
Correction; We previously wrote that Sh 77 Billion was a new loan, however that is not the case but the government was guaranteeing the airline’s debt (Sh 77B). The Kenyan Government has agreed to [...]Telkom Kenya Scraps its Mobile Money Service, to be replaced with New Platform
Kenya's third largest telecoms operator by market share, Telkom Kenya has taken a decision to shut down its Mobile Money service in the country saying the product cannot keep up with the current competition. The decision [...]
