Kenya's Wananchi Group appoints Spanish CEO
Wananchi Group, owner of the pay TV and fibre brand, Zuku with presence in Kenya, Tanzania, Malawi, Zambia and Uganda, today announced the appointment of Santiago Benedit as the new [...]
NSE Market Report 25/11/2015
NSE Market Report 25/11/2015 Turnover at the bourse was down by 62.7% compared to the previous day. Turnover was KES 348 million. 16.4 Million Shares were traded. Gainers Counter Price [...]Vipingo Ridge Slashes Property prices
Growing interest in live-in golf estates has caused a 50 per cent rise in enquiries for property in the Coast’s Vipingo Ridge project. Out of 256 plots on sale in [...]Kiprono Kittony Quits KEPSA Board
Kiprono Kittony has resigned from the Kenya Private Sector Alliance board ver what he described as less than cordial working relationship. In a statement, the national chairman of the Kenya [...]Market Report 24/11/2015
NSE Market Report 24/11/2015 Turnover on the bourse was KES 932 Million. All share Index lost 1.67 points to close at 145.96 points. NSE 20 Index was slightly down [...]British Real Estate Firm postpones Listing on NSE's GEMS till 2016
St Paul’s Property Trust Plc, a UK-focused property investment company has postponed plans to list on the Nairobi Securities Exchange (NSE) few days after appointing a kenyan, Mr Vincent Rague to its [...]CBA Bank Safaricom hunting in Rwanda
Business Daily; Commercial Bank of Africa, Kenya’s largest privately owned bank, has applied for a licence in Rwanda, joining a growing queue of local lenders investing in Kigali, its top [...]UGANDA; A Sanitary products Company Sues Uchumi Supermarkets over uncleared debt of sh 63.4M
A supply company has sued Uchumi Supermarkets over uncleared debt to the tune of sh63.4m. The firm, 7 Days International Limited, deals in sanitary products. It alleges that it supplied [...]TANZANIA; Ex-Uchumi Employees ask President Magufuli to intervene payment of unsettled dues
Former Uchumi Supermarkets Tanzanian employees yesterday marched into the retailer's offices in Tanzania to demand for their dues which they claim Uchumi had not settled before closing down.The employees now [...]National Bank named Kenya's “Best Bank in Customer Service”
National Bank of Kenya ( NSE: NBK) has received this year’s “Best Bank in Customer Service” award from the Institute of Customer Service (ICS) – Kenya. This win represents the [...]Safaricom emerges top in Africa ‘employer of choice’ awards
The first ever Careers in Africa Employer of Choice Awards were held in Johannesburg last week and Safaricom scooped two awards being named Africa Employer of Choice 2015 for Leadership [...]Emerging Markets Currencies fall in line with Commodity Prices
Emerging Markets Emerging-market currencies fell for the first time in a week as a deepening slump in commodity prices hurt the revenue outlook for countries from South Africa to Russia. [...]
