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 [...]Bank Of Africa Kenya Closes 12 Branches, unknown number of staff to lose jobs
Bank Of Africa Group has announced plans to reduce its branches in Kenya by nearly a third and lay off undisclosed number of employees saying it wants to focus on digital [...]Bharti Airtel considering mergers or stake sales in Some African units
Bharti Airtel Ltd., India’s largest mobile-phone operator, is considering mergers or stake sales at some of its Africa operations as it looks to cut debt and make its biggest overseas [...]Sasini's Net Profits down by 30% in 2016
Listed agricultural company Sasini Limited a company involved in growing, processing, warehousing and marketing of tea and coffee released their full year results for the period ending 30th September 2016. [...]Safaricom Market Share Increases To Nearly 70%
According to the Kenya Communications Authority sector report for the first quarter of the financial year 2016/2017, Safaricom Limited’s market share increased by 3.8 per cent to stand at 69 per [...]Emirates to introduce third daily flight between Dubai and Nairobi in June
World's largest international airline Emirates has announced that it will introduce a third daily flight between Dubai and Kenya’s capital Nairobi from 1st June 2017. The additional flight will increase the [...]Nakumatt Holdings appoints Three to its senior management Team
Regional supermarket chain Nakumatt Holdings has beefed up its management capacity with the appointment of three senior substantive executives to spearhead operations in its Marketing, Information Technology and Risk Management functions. [...]Nakumatt sells 25% stake to Foreign fund for $75 million
Reuters; Privately-owned Nakumatt, Kenya's biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a foreign fund for $75 million, part of an effort to bolster [...]Jambojet acquires new aircraft to boost domestic fleet, cut delays
Jambojet has acquired a brand new Bombardier Dash 8 Q400 next generation aircraft which is expected to improve the airline’s operations across its network. The new aircraft is leased from [...]Tullow Oil Plc Strikes Oil Discovery in Kenya
Tullow Oil plc has announced that it has discovered a gross oil interval of 55 metres with 25 metres of net oil pay at a depth of 700 metres at [...]
