EAVCA Appoints New Management
East Africa Private Equity and Venture Capital Association (EAVCA) has announced the appointment of Eva Warigia and Esther Ndeti as the Co-Executive Directors to assist the association’s outreach in advocacy, intelligence, networking and [...]
Wananchi Group Appoints New Group CEO
Wananchi Group Kenya Limited has announced the appointment of Mr Thomas Hintze as its new Group Chief Executive Officer. Thomas joins Wananchi Group Kenya Limited from UPC Austria, a Liberty [...]Sanlam Kenya withdraws profit warning
Nairobi Securities Exchange listed non-bank financial services provider, Sanlam Plc has announced the withdrawal of an earlier posted profit warning notice ahead of its full year results release. The withdrawal notice [...]Monthly Market Report; As January Goes, So Goes The Year
There is a common myth termed ‘The January Effect,’ it is an assumption that there is a jump in share prices during the first month of the year. This is [...]KLM CEO Resigns From Kenya Airways Board
Kenya Airways has announced that KLM CEO Pieter Elbers has resigned from the airline's board and has been replaced by Mr Jos Veenstra as a substantive director in his place with [...]M-Pesa Retains Position as Tanzania's Leading Mobile Money Platform
According to the latest statistics from Tanzania Communications Regulatory Authority (TCRA), Mobile Money services continued to expand in the fourth quarter of 2016 with Vodacom's M-Pesa maintaining its position as the largest [...]KCB Group sends Home 28 staff in Rwandan subsidiary, Kenya Up Next
Kenya’s largest bank by assets, KCB Group has sent home about 28 staff in its Rwandan subsidiary saying this was to align with their current business environment and taking into account that delivery of their [...]KQ Extends partnership with Amadeus to boost Business and Leisure Travel
Kenya Airways and Amadeus have renewed a long-term Content Agreement that sees the airline facilitate consumer choice by making its full range of travel offers accessible to Amadeus’ global travel agency [...]UAP-Old Mutual Lays Off 100 Staff in its Kenyan Business
Diversified Financial Services provider, UAP-Old Mutual Group became the latest company to announce that its board had approved a restructuring plan to lay off about 100 people in its Kenyan business. According [...]Kenya Govt approves Sh600Mn Payment to Uchumi suppliers in Tanzania Uganda
Kenya Government through parliament has approved a total of Ksh600 million for payment of Uchumi Supermarket suppliers in Tanzania and Uganda who were left stranded when the retailer closed its operations in the [...]Kenya Bankers appoints management team of its Fintech Subsidiary
Kenya Bankers Association (KBA), the banking industry umbrella body, has announced the appointment of the management team that will spearhead technical and business operations of its fully-owned payments technology subsidiary, [...]KCB Foundation Increases 2jiajiri scholarships by 500%
We believe that today’s small businesses are tomorrow’s conglomerates. KCB Group CEO MD Joshua Oigara KCB Foundation on Tuesday launched its second cohort of the 2jiajiri programme which saw more 10,000 youths [...]
