Marshalls East Africa Posts a Kshs 17.4 Mn Loss
Marshalls East Africa announced its full year results for the financial period ending 31st March 2016. The following are the key highlights: Revenues plunged by 22.8% from Ksh 105 million [...]
Kenya ranked world’s third most conducive business environment
Kenya has been ranked the third world’s most conducive business environment and Africa’s most reformed country for the second consecutive year. This is according to a World Bank’s Doing Business [...]Popular Rwandese eatery sets base in Nairobi
Popular Rwandese pastry chain Brioche is set to open its first eatery in Kenya at the newly completed UAP Old Mutual Tower located in Upper Hill Nairobi. Brioche which operates [...]Kenyan Government Seeks Additional Ksh 10 Billion in a Tap Sale
After the Kenyan Government raised Ksh 30.57 Billion in its first 15 Year Infrastructure Bond. The government is seeking an additional Ksh 10 Billion in the market through a tap [...]Kenya has 7.42Mn Micro Small Businesses, employing 15Mn Persons
According to the latest survey report by the Kenya National Bureau of Statistics(KNBS), Kenya has approximately 7.41 million Micro Small and Medium Enterprises (MSMEs) contributing to about 34% of the country's [...]India's Fastest Growing Hotel to Open Sh 150Mn Facility in Maasai Mara
Royal Orchid, India’s fastest growing hotel chain has announced that it will in December this year open a new 60-bed five-star luxury facility in the Maasai Mara National Park at a cost [...]Sidian Bank To Retrench Over 108 employees at a cost of Sh 70Million
Kenya's Sidian Bank has announced plans to retrench more than 108 employees at a cost of approximately Sh70 million as from Monday October 24th, according to the bank's CEO Titus Karanja. Speaking during a media briefing in Nairobi, [...]Deacons signs Franchise Agreement with UK's largest merchandise Store
Nairobi Securities Exchange listed fashion retailer Deacons (East Africa) has signed an exclusive franchise agreement with FF, a fashion subsidiary of UK’s Britain’s largest grocery and general merchandise store Tesco. With [...]Kenyan and Australian market regulators sign agreement to support fintech
The Capital Markets Authority of Kenya (CMA) and the Australian Securities and Investments Commission (ASIC) have signed a Co-operation Agreement which aims to promote innovation in financial services in their respective [...]Kenya Govt To Issue Eurobond Worth Ksh 400B before end year
According to senior sources at Treasury, the Kenyan Government will float a second Eurobond worth Ksh 400 Billion ($4Bln) before the end of the year while eyeing yields at sub [...]Japan’s largest bank to open new offices in Morocco and Kenya
Japan’s largest bank Mitsubishi UFJ Financial Group plans to open new offices in Morocco and Kenya to support the investments of Japanese companies in Africa, Bloomberg revealed earlier today, October [...]Ethiopia is now a member of Africa Trade Insurance Agency
The African Trade Insurance Agency (ATI) has welcomed Ethiopia in its fold following a year-long process that was supported with funds from the African Development Bank. The move was announced [...]
