Kenya January private sector flatter as Cash Shortage bites
Kenya's January private sector growth improved slightly in the month of January, underpinned by a sharp expansion in new work which was supported by a steep increase in new export [...]
Tuskys wins contract to serve food to 10,000 2jiajiri interns
Leading regional retail Chain, Tuskys Supermarkets, has won a tender to serve food to more than 10,000 KCB Foundation Tujiajiri program interns who will be graduating at an event that [...]Peugeot to assemble two car models in Kenya by June
Kenya's President Uhuru Kenyatta on Saturday announced that French Automaker of Peugeot had signed a contract to start assembling two car models in Kenya by June 2017. The $11 million deal was witnessed [...]Radio Africa Group Joins the firing frenzy
Kenya's Radio Africa Group which owns a number of media brands including the Star Newspaper, Kiss TV and more than four radio stations has announced plans to retrench undisclosed number [...]Britam projects Kenyan economy to grow at 5.6% in 2017
According to a report by Britam Asset Managers, the Kenyan economy is expected to grow between 5 and 5.6 percent in 2017, supported by increased government spending and resilient performance [...]NMG acquires Majority stake for undisclosed amount in Kenya Buzz
East Africa's largest Media Company, Nation Media Group on Wednesday announced it will take a majority stake in the region's leading events and ticketing website, Kenya Buzz for undisclosed amount. In a statement, [...]Shelter Afrique MD James Mugerwa Resigns' Book Cooking allegations
Pan-African housing finance institution Shelter Afrique has announced the resignation of its Managing Director Mr. James Mugerwa with effect from 1st February 2017. This is after Mr Mugerwa was accused of dishing out [...]Eveready Losses Continue, Finance costs Borrowings up massively
Nairobi Securities Exchange listed Eveready Ltd released its financial results for the full year ending September 2016 with net loss increasing to Ksh 207 million from Ksh 202 million reported in the same period in 2015. [...]Kenya's January Inflation Rate hits a one year high of 6.99%
Kenya's January inflation rate shot to a one year high of 6.99 percent from 6.35 percent reported in December, KNBS has announced. The increase was mainly as a result of increase [...]Uchumi says Losses declined by Sh600M, KPMG issues Qualified Opinion
After months of delay, Kenyan based retailer, Uchumi supermarkets has finally released it financial results for the full year ended 2016 saying its net losses declined by 17 per cent [...]Growth in land prices for Nairobi suburbs at record-lows
HassConsult on Monday unveiled land price trends for the fourth quarter of 2016, showing that the rate of increase in asking land prices for Nairobi suburbs have slowed down to record-lows [...]Kenya's Central Bank Retains Key Rate at 10%, Suspends KBRR
Kenya's Central Bank has retained its Benchmark rate at 10.0 percent in order to anchor inflation expectations which was expected to remain within the Government target range in the short term. The [...]
