Sony Corporation has registered historically high consolidated operating income of US$6.6 billion (¥734.9 billion) in fiscal year 2017, a 2.5-fold increase after over two decades. The company’s consolidated ..
Majid Al Futtaim, locally operating as Carrefour has signed a deal with the management of Village Market that will see the opening of the first Carrefour Market in Kenya, by the end of the year. A Carrefour ..
WPP, Global communications firm- is set to raise its stake in its local subsidiary WPP Scangroup to 56.25 percent by acquiring an additional 6.1 percent equity. The all-stock transaction, valued at Sh926.6 ..
The Standard Gauge Railway (SGR) freight service will engage a private firm to streamline the transportation of empty containers from the Inland Container Depot in Embakasi, Nairobi to Mombasa. The cost ..
Mobius, the first Kenyan vehicle manufacturer has received a Sh500 million ($5 million) loan from the US government’s development finance institution Overseas Private Investment Corporation (Opic) to set up a new factory. ..
Asset manager Cytonn Investments is on set to start building its RiverRun estate, a Sh15 billion mixed-use development in Kiambu County. Funding of the project is through a mix of pre-payments from buyers ..
The Treasury yesterday gave the clearest signal yet that it will vigorously pursue gamblers for a share of the lottery and betting windfalls with a planned re-introduction of a 20 percent tax on winnings. ..
As someone who has been using PayPal for almost ten years now, the announcement this morning that Safaricom has made a deal with Paypal and TransferTo to enable movement of funds between M-PESA and PayPal ..
What’s your limit for Mshwari loans? Let’s assume it is 10,000. Now, for the next 12 months, I want you to be borrowing the Kshs 10,000 each month as you repay. Each month, you will be paying ..
Commercial Bank of Africa (CBA) which is Kenya’s largest privately owned bank, has officially started its banking operations in Rwanda following the successful acquisition of Crane Bank Rwanda Ltd, now re-launched ..
Barclays Bank of Kenya this morning launched a mobile loan platform meant to serve hustlers on Safaricom network. The launch that was done by Barclays Bank MD Mr. Jeremy Awori and graced by Craft Silicon ..
Majid Al Futtaim, the exclusive holder of French retailer Carrefour’s franchise in Kenya, last year recorded Sh8.2 billion in sales from its local business riding on accelerated expansion of the supermarket ..
Filing of 2017 tax returns, which started on January 1 this year and runs up to June 30, enters the third month in a week’s time setting the stage for a possible pile up of fillings.That said, The Kenya ..
Kenya seems to be taking the path of Egypt and Nigeria in being the 3rd African country to borrow from the international markets this year. The new “Eurobond” will help offset maturing debts ..
Over the years I have argued that as a country we have to prioritize our local companies and especially start-ups. And there are a number of reports out there that shows how important the small and home-grown ..
The Nairobi skyline is set to change with the addition of a 44-floor residential tower. Czech Republic-based private equity real estate developer, Lordship Africa, is on Tuesday set to break ground for the tower ..
Sugar miller Mumias wants to double the price at which it sells electricity to Kenya Power KPLC, a move that would raise the cost of energy from its cane-based plant to match that of solar producers. The miller, ..
EABL has signaled that it could sell more of its idle assets to fund its capital-intensive investments. The company has in the past six years sold off several idle properties including its glass-making ..
Tough times lay ahead of Mumias Sugar company. This is after 3 lenders recalled Ksh 2.6 billion in loans disbursed to the miller. The lenders which include Ecobank Kenya, KCB and Commercial bank of Africa ..
Davos, Switzerland. It’s hard to imagine that in normal circumstances there is usually a public swimming pool in at the Davos World Economic Forum meet up. For now, it is skillfully covered with ..
The EABL is set to create 100,000 direct and indirect employment opportunities and double the demand for sorghum to 40,000 tonnes in the next 3-5 years. This is after the brewer secured a 12.5 billion ..
On the story asking why Wangusi was sent home, I mentioned that Safaricom dominance issue could not be the reason. Since then I have spent a lot of time thinking about the issue of Safaricom dominance ..
Nakumatt’s court-appointed administrator Peter Obondo Kahi has taken over management of the struggling retailer, which will now be shielded from its creditors in the short term as it tries to recover. ..
Did you file your 2015/2016 taxes? Well, the Kenya Revenue Authority is stepping up its hunt for citizens and businessmen who missed the June 30, 2017, deadline. According to the Authority, individuals ..
Investor portfolio inflows coupled with exporter inflows offset corporate demand for the dollar powering the Kenyan shilling to an 11-month high on Tuesday. According to data, the shilling touched 102.45 ..
All Indications point to a booming retail sector in Kenya. This is after French retailer Carrefour recorded Sh1.54 billion in revenues in the first seven months of operations in Kenya from its maiden store ..
The Coca-Cola Company announced today that it is fundamentally reshaping its approach to packaging, with a global goal to help collect and recycle the equivalent of 100% of its packaging by 2030. This ..
Brookside, New KCC, Redstar International, Kisima Management Limited, Kenindia Insurance, Lemoc Limited, Kevian, Haco Industries are just some of the companies that will have a hard time following up on defaulted ..
Majid Al Futtaim, is set to open its third Carrefour store tomorrow, signalling commitment to the growth and expansion of its footprint in Kenya. Carrefour replaces Nakumatt Supermarket that was evicted ..
GC Retail, owner of Garden City is the latest landlord to ask high court to allow it to repossess the space Nakumatt occupies over unpaid rent, service charges and utilities amounting to sh48.1 million. ..