Chris Kirubi now owns 100% of Haco after buying out SA’s Tiger Brands
Centum Investments single largest shareholder with a 30% stake, Christopher Kirubi has bought back the 51 per cent stake in Haco Industries that he had sold to South Africa’s Tiger Brands in 2008 for about KSh363 [...]
KCB Group to Lay Off Over 500 citing tech changes interest cap regime
Kenya's Largest Bank by assets and profits, KCB Group will retrench more than 500 employees in its Kenyan business citing evolving technology changes a dynamic regulatory regime.” Two weeks, [...]Why the Cash Flow is the Most Important Financial Statement
There are five main financial statements, the cash flow statement, income statement, the balance sheet, the statement of comprehensive income and the statement of changes in shareholder's equity. Most often, [...]Aly Khan Satchu, John Ngumi Appointed to the Board of Base Titanium
(Press Release) Base Titanium Limited, a wholly-owned subsidiary of Australian and UK-listed Base Resources Limited has announced the appointment of three additional members to its Board of Directors. These new members, [...]How KCB's 2jiajiri Program is Tackling Youth Unemployment
The youth are and will always account for a significant share of Kenya's population for the foreseeable future. However, the main worry among this segment of the population is unemployment which has become a [...]Kenya Egypt Agree To Eliminate Double-Taxation on Imports
(PSCU) Kenya and Egypt have agreed to increase bilateral trade to cement their historic ties that date back to the pre-colonial days. President Uhuru Kenyatta and Egyptian President Abdel Fattah [...]Central Bank Kenya to vet Bank Directors Afresh
Central Bank Of Kenya Chairman Mohammed Nyaoga on Friday announced that they are vetting afresh Directors and Senior employees of all commercial Banks in order to smoke out individuals with questionable integrity or [...]Kenya Airways Marketing Director Chris Diaz resigns
Kenya Airways Marketing Director, Chris Diaz has handed his resignation letter and will leave the Airline in Mid March. I recently received the resignation of Chris Diaz, our marketing director. [...]Sasini Sells More than 500 acres to Real Estate Developer
Nairobi Securities listed agricultural company Sasini Ltd has disposed more than 500 acres of land in Nyeri County to pave the way for private real estate development. According to the Daily Nation, proceeds [...]Kenya Airways to launch direct flights to Victoria Falls, Zimbabwe in May
Kenya Airways has announced that it will start a direct flight between Nairobi and Victoria Falls, Zimbabwe on 18th May, 2017. This will be the airline's 52nd destination and its second [...]Done Deal; IM Bank Completes 100% Acquisition of Giro Bank
The Central Bank of Kenya has announced that IM Bank has completed the 100 percent stake acquisition in Giro Commercial Bank effective February 13, 2017. Listed IM Bank is a wholly owned banking subsidiary [...]Kenyan Regulator approves Listing of the first ETF on NSE
(Press Release) Kenya's Capital Markets Authority (CMA) approved the listing of the first Exchange Traded Fund (ETF) on the Nairobi Securities Exchange (NSE) to be issued by South African firm, NewGold Issuer (RF) Limited. [...]
