Mauritius 2nd biggest company set to acquire Fidelity Bank of Kenya
Kenya's Central Bank says SBM Holdings, Mauritius 2nd biggest listed company has expressed interest to acquire Fidelity Bank of Kenya and the deal is expected to be completed in a month's time. SBM [...]
CMA Kenya penalises former Uchumi executives
Kenya's capital markets regulator said on Friday it was taking punitive action against former senior managers of Uchumi Supermarkets and a financial advisory firm over the handling of a 2014 [...]Atlas To Sell Its Flagship Ethiopian Glass bottle Project
NSE Kenya Listed Atlas African has on Friday announced that it has entered into a conditional sale agreement to dispose of its interest in its flagship glass bottle manufacturing facility in Addis Ababa, [...]East African Portland to retrench 1000 employees at a cost of Sh2 Billion
Nairobi Securities Exchange listed East African Portland Cement (EAPCC) has announced plans to send home 1000 employees in 2017 at a cost of Sh 2 billion. The cement maker currently [...]Safaricom named African Mobile Operator of the Year'
Safaricom has been named the African Mobile Operator of the Year' in the annual CommsMEA Awards for 2016. Safaricom was nominated for the award which is distributed by CommsMEA, a [...]Coop Bank Kenya Q3 Net Profit Jumps 22% to 10.5B
Co-operative Bank of Kenya has announced its Q3 results reporting 25.16% increase in profit before tax (PBT) and a 22.27% increase in profit after tax to Sh15.23Billion and 10.54 Billion respectively. Total interest [...]38% Interest Income Growth lifts DTB Kenya Q3 Net Profit to Sh5.3Bn
Kenya's Diamond Trust Bank (DTB) has posted an 11.5% rise in its Q3 net profit to Sh 5.3 billion boosted by 38% rise in total interest income to Sh25.5 Billion. Interest income [...]Growth of digital economy may lead to income inequality if left unchecked, Warns Kituyi
The digital economy offers phenomenal opportunities to engage more individuals and small businesses in the global arena, but it also risks opening up new divides and inequalities unless infrastructure issues [...]BARCLAYS BANK KENYA Q3 RESULTS ANALYSIS, STOCK HITS 2 MONTH HIGH
Barclays Bank Kenya Profit before tax for the period ended Sept 30 2016 fell by 4.4% to Sh 8.7 Billion compared to Sh 9.1 billion posted in the same period in [...]300 jobs at risk as StanChart moves its regional service centre from Nairobi to India
Crisis in the City: Standard Chartered Bank has confirmed that it will relocate its regional service center from Nairobi to Chennai, India where its Global Shared Services Centre are located. But the move [...]Africa Oil and partners set to drill 8 wells in Kenya from Dec
Africa Oil and its partners in Kenya will drill up to eight exploration and appraisal wells starting from December to boost proven resources and improve financing prospects for field development [...]Al-Futtaim Group opens first automotive training academy in Kenya
The Al-Futtaim Automotive Group has opened a fully-fledged technical training school at its CMC Motors complex in Nairobi. The opening of the first Al-Futtaim Automotive Academy in Sub Sahara Africa, [...]
