EABL Half Net Profit Tumbles By Sh 2.2 Billion
East African Breweries limited (EABL) has posted a 27.7% drop in net profit to Ksh5.5 billion for the half year ended December 2016 compared to Ksh 7.7 billion posted in the same [...]
AfDB approves US$90 million Loan to boost CBA’s funding To Kenyan SMEs
The African Development Bank has approved a US $90-million financial package comprising a US $50-million Line of Credit and US $40-million Trade Finance Line of Credit to Commercial Bank of [...]Tanzanian Asset Manager Now Eyes Kenya Ugandan Markets
UNIT Trust of Tanzania (UTT) Asset Management and Investor Services commonly known as UTT AMIS has announced plans to set up shop in Kenya and Ugandan Markets. The 11 year old [...]Stanbic Bank Kenya unveils New payments collections solution
Kenya's Stanbic Bank has launched a new financial solution dubbed Lipa 360 designed to offer the bank’s clients across various sectors, an end-to-end platform to better reconcile and manage their [...]Kenya to source new tea markets, stabilize prices
The Kenyan government has announced plans to source new markets for tea, a move that seeks to stabilize the price of the product during price fluctuations. “The Ministry, in collaboration with [...]146 African tech startups raised US$129 million in 2016
According to a recent report by Disrupt Africa, about 146 African tech startups raised funding in excess of US$129 million in 2016. The number of startups securing funding was also up by [...]UK to Negotiate Better Trade Deals With Kenya After Brexit
UK High Commissioner to Kenya Nic Hailey has said that the country should expect better deals with the United Kingdom once the country completes the process of exiting from the European [...]World Bank and IMF officials Set To Visit Kenya in Feb
The Parliamentary Network (PN) of the World Bank and the International Monetary Fund (IMF) have confirmed plans for a Parliamentary Field visit to Kenya set to kick off on February 20, [...]Market Worsens as NSE 20 Share Index nearly touches 2800 Points
The situation at the Nairobi Securities Exchange worsened with the NSE 20 Share Index closing at 2,905.31 points compared to last week's 2,913.89 points. Turnover dropped to Sh 5.79.64Million from Sh 764.39Million due to [...]THE HOUSING FINANCE GROUP ALLEGED FRAUD
From the filings in industrial court, the case against Housing finance and former credit manager Kevin Isika, and our investigation of HF financial statements here are the brief summary of current [...]Kenya Govt Halts Plan to Add 5000MW of electricity to National Grid
The Kenyan Government has abandoned its 2013 ambitious plan aimed at increasing the country’s installed electricity generating capacity by 5,000 megawatts to 6,600MW supposed to be completed by 2016. According to Citizen TV, the [...]Safaricom HR Director Maria Shipiri Resigns
Safaricom's Human Resource Director Maria Shipiri has tendered her resignation to pursue personal interests outside the company according to a notice sent to staff from the company's CEO Bob Collymore. “I [...]
