Kenya Meat Commission lays off 119 employees through voluntary retirement
The Kenya Meat Commission (KMC) has laid off 119 employees through voluntary retirement in its Ksh 1.8 Billion ongoing restructuring exercise in which the state-owned meat processor aims to return to profitability. The management says [...]
Base Resources expects ilmenite output in Kenya mine to rise by 5% in FY 2017
Australia's Base Resources expects ilmenite output at its Kenyan titanium mine to rise by up to 5 percent and rutile by up to 11 percent in the financial year to [...]Germany’s DEG acquires additional stake in ZEP-RE for Ksh 1.5Bn
The German Investment and Development Corporation has bought an additional Ksh 1.5 Billion stake into pan-African reinsurer, ZEP-RE, increasing its stake in the company to 14.93%. The additional investment signals DEG’s confidence in ZEP-RE’s [...]Kenya Airways retrenchment begins, 80 employees dismissed
Listed national carrier, Kenya airways (KQ) says it has dismissed around 80 employees in the first phase of its staff rationalization program which was to begin in May. The airline's management said a delay [...]Kenya's 182, 364 Day T-bill yields Up, 91-day yield falls
The weighted average yields on Kenya 182-day and 364-day Treasury bills rose at auction on Wednesday, while the yield on the 91-day bill slipped, the central bank said. The yields [...]Central Bank of Kenya to Auction 5 20 Year Bonds
The Central Bank of Kenya will auction 5 year and 20 year fixed-coupon bonds on July 20 worth a total of KES 30 billion equivalent to $296.88 million. The five-year [...]Netanyahu To Israeli Investors Kenya is taking off, be part of the yeast in this cake'
Israel Prime Minister Benjamin Netanyahu has urged Israeli entrepreneurs to invest heavily in Kenya. Netanyahu, who arrived in the capital Nairobi on the second-leg of a four state trip, said [...]Kenya's June private sector activity expanded at the slowest pace since Jan 2014
Kenya's private sector activity expanded in June at the slowest pace since at least January 2014, with output nearly standing still amid a slowdown in hiring and purchasing, a survey [...]Kenya's Equatorial Bank rebrands to Spire Bank, eyes Insurance Business
Kenya's Equatorial Commercial Bank has announced it has revamped its corporate identity and changed its brand name to Spire Bank. The move is aimed at improving its business operations in oder to meet [...]Kenya; May diaspora remittances up by 2.3%
Source; CBK, Business Daily Kenyans working abroad sent home a record Sh14.6 billion in May driven by a rebound of inflows from Europe. Remittances from Europe shot up by Sh600 [...]Kenya; Upcoming Events 4th-10th July
Monday July 4th 2016 Israel PM Netanyahu Begins Historic visit to East Africa. Monday July 4th 2016- Sasini Dividend Payment Sasini Ltd announced an interim dividend of Kes.0.25 on 24-May-2016; [...]Kenya Airways Board appoints a new Chief Operating Officer
Kenya Airways Board has appointed Jan de Vegt as the airline’s Chief Operating Officer from 1st August 2016. He replaces Yves Guibert who will leave the business at the end of [...]
