The shilling gained further ground on the dollar on Thursday to hit a three-and-a-half year high, setting the stage for cheaper imports of goods like cars, clothes, petrol and machinery. The shilling traded at an ….
Central Bank of Kenya (CBK) has opened sale of a 25-year amortised bond to raise up to Sh50 billion with proceeds expected to fund infrastructure projects. The tax-free bond, with a coupon of 12.2 per ….
Centum Investments Thursday launched Kenya’s largest observation wheel at Two Rivers Mall, the latest addition to the facility that features various amenities including theme parks. The 60-metre-high wheel, dubbed Eye of Kenya, has 40 capsules ….
Fast Company, a top American magazine, has revealed the most innovative African companies for 2019. The winners were selected based on those “making the most profound impact on both industry and culture,” the magazine said. Some ….
Kenya’s biggest electricity generator, KenGen, #ticker:KEGN has bagged a Sh7.6 billion contract to drill geothermal wells in Ethiopia in a joint bid with Chinese company Shandong Kerui Group. The deal with Ethiopian Electric Power (EEP) ….
South Africa agency Global Credit Ratings (GCR) expects the proposed merger between Kenyatta family-linked Commercial Bank of Africa (CBA) and NIC Bank to drag earnings for up to three years. The agency says despite long-term ….
A silky-smooth tongue, a clever scheme and the Bible. These are the ingredients televangelist David Kariuki Ngare, alias Gakuyo, used to cook up the stories he fed thousands of his followers to make them pump ….
How Optiven is able to cope with Impediments caused by government and other institutions while processing title deeds Optiven has been pursuing a vision of economically and socially empowering and transforming the Society. This has ….
Members of Parliament have suspended a proposed merger between Kenya Airways (KQ) and the Kenya Airports Authority (KAA), leaving the cash-strapped national carrier facing a bleak future based on its weak financial standing. The Public ….
Millionaire British printing firm owner Nicholas Smith, found guilty in 2015 of bribing Kenyan bureaucrats and tenderpreneurs to win multimillion-shilling contracts, has finally walked out of prison after completing a three-year sentence, but his accomplices ….
Authorities Thursday ordered Kiambu politician and county official David Kariuki Ngare’s assets seized to recover Sh1 billion he allegedly illegally withdrew from Ekeza Sacco to fund his lifestyle. An official inquiry report by Co-operatives ministry ….