Solid Book Recommendations!!
We made a few picks, you can thank us later. One up on Wall Street by Peter Lynch Little Book on Common Sense Investing by Jack Bogle The [...]
Uchumi To sell Majority' stake to strategic Investor for Ksh 5Billion
Uchumi Supermarket is seeking to raise about Ksh Five Billion by selling a significant stake to a strategic investor. The move will allow creation of additional one billion shares to accommodate the new investor, [...]Moses Wetangula sues BBC for Defamation'
BUNGOMA Senator Moses Wetangula has sued BBC at the kenyan High Court for defamation in linking him to alleged bribery by British American Tobacco.He wants the case declared urgent and heard during the [...]Over 40,000 Imperial Bank depositors fail to claim refund
Out of the 50,000 Imperial Bank depositors who were to claim for refund of less than Ksh One Million,about 40,000 customers are yet to make claims to have their money [...]Nakumatt opens Ksh 130M branch in Kericho
Regional Retailer, Nakumatt Holdings, has opened the doors to its 58th branch in Kericho town at cost of Kshs 130 million. The branch located at the new Kericho Green Square Mall, [...]Family Bank Obtains Ksh 3.3 Billion From European Investment Bank
Family Bank has secured financing from the European Investment Bank barely two weeks after receiving a similar facility from a Netherlands Financier – Oiko Credit International. The Bank has received [...]Dubai Bank senior Directors Spend Days in Custody After Failing to Raise Bail Cash
Three senior directors of troubled Dubai Bank have spent two nights in custody after they all failed to secure a Sh50 million bond as well as raise a cash bail of [...]World Bank cancells funding for Uganda transport project Over Sexual Misconduct'
The World Bank on Monday cancelled funding for a Uganda transport initiative, citing environmental concerns and allegations of sexual misconduct by contractors working on the project. The cancelation, a rarity [...]Drama as Uganda court auctiones Uchumi properties over rent arrears
Court bailiffs have started auctioning some of the properties belonging to Uchumi Supermarket, Gulu Branch in a bid to recover Shs193.4 million owed in rent arrears. The retailer, that has [...]Daily Market Report 22/12/2015
The benchmark NSE 20 Share Index shed 54.09 points to stand at 3954.54. All Share Index (NASI) edged 0.84 points lower to stand at 144.77. The NSE 25 Share Index [...]CBK Governor says he is comfortable with inflation
REUTERS Central Bank of Kenya (CBK) governor Patrick Njoroge said on Tuesday he was comfortable with the level of inflation even though November's headline number of 7.32 per cent was [...]Germany France give Kenya Ksh 5.6 Billion for development
Kenya yesterday signed two deals worth Sh5.6 billion with French and German governments to support various development projects. Out of the total amount signed, Germany will fund projects worth Sh1.754 [...]
