Atlas Creditors Issued One month to lodge claims
Creditors of Atlas Development’s Kenyan units have a month to lodge claims, the firms which are under liquidation said in newspaper notices. The Nairobi Securities Exchange (NSE) and London Stock [...]
Market Report 6th Jan 2016
All the three indices increased today with the NSE-20, NSE-25 and the NASI climbing 33.94pts, 35.78pts and 1.32pts to close the day at 4,008.53, 4,206.66 and 146.81 respectively. Market capitalization [...]Kenya Power to Improve Machakos electricity Supply with Ksh 400M
The quality of power supply to the residents of Machakos County is set to greatly improve following a massive exercise by national electricity distributor Kenya Power to rehabilitate the power [...]Co-operative Bank Kenya secures Ksh 10.7 Billion from IFC
Kenya's Cooperative Bank has secured a long-term financing facility with the International Finance Corporation (IFC) amounting to KES 10.7 Billion(USD 105 million) The bank will apply proceeds to of the facility [...]Kenya Ranked 9th among the world’s top 10 countries to visit in 2016
Rough guides,a travel guidebook and reference publisher,has ranked Kenya Ninth among the top 10 countries to visit in 2016. Rough Guides notes Foreign media hasn’t been kind to Kenya lately, and [...]Court reinstates Prof. Olive Mugenda as Kenyatta University VC
The Labour Relations Court has reversed earlier orders sending Kenyatta University Vice Chancellor Olive Mugenda on terminal leave pending hearing of a case challenging her ouster filed by activist Okiya [...]Bitpesa Resumes services after Partnering With Airtel Money
After a period of unease, BitPesa will be able to resume their service in Kenya after all. Not because Safaricom suddenly changed its mind, as that has not happened yet. [...]CBK to Auction 2-year 10 year Treasury Bonds worth Ksh 35BN this month
Reuters Kenya's central bank said on Tuesday it will auction two-year and 10-year Treasury bonds worth a total 35 billion shillings ($342.57 million) this month. The bank said in a [...]KCB forms a holding company
Kenya's largest Bank in terms of assets,The Kenya Commercial Bank Group(KCB ) has created a new holding company to manage KCB's Kenya and its east african subsidiaries in line with CBK's requirements. [...]CMA okays Apollo Asset to roll out 20th Unit Trust Scheme
Kenya's Capital Markets regulator has given a green light to Apollo Asset Management Limited to roll out a collective investment scheme known as Apollo Unit Trust Scheme. We are an independent investment and [...]World's Top Construction equipment maker partners with Car General to open Nairobi Shop
One of the world’s top heavy construction equipment manufacturers Doosan Infracore, in collaboration with Car and General, its distributor in East Africa, has opened a new equipment and parts distribution [...]Tullow Oil to stay away from Three Heritage Sites in Northern Kenya Oil search
Tullow Oil has said it will not drill in three world heritage sites in Northern Kenya that form potential areas of operation as part of the Group’s ongoing commitment to [...]
