Markets
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Little shuttle, SWVL cry foul over pressure to shut down operations in Kenya
Ride-hailing tech firm, little shuttle is under immense pressure to close down its business by October 1. According to the…
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Kenya’s Forex Reserves dip further
Kenya’s foreign currency reserves fell further last week past the 9 billion US dollars mark. According to latest weekly update…
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Uchumi granted 30 days to engage banks over Ksh2.8 billion debt
The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement…
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Safaricom outshines Airtel Kenya in new customer subscriptions
Giant telco Safaricom has re-asserted itself as the supreme operator outpacing arch rival Airtel in growing its customer base between…
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CBK approves CBA, NIC merger effective October 1
The Central Bank of Kenya (CBK) has approved the merger of Commercial Bank of Africa (CBA) and NIC Group PLC…
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CMA warns investors against ‘forex trader’ Interweb Global Fortune
The Capital Markets Authority (CMA) has warned the public against dealing in the InterWeb Global Fortune Limited following the discovery…
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Sanlam Kenya embarks on early retirement program to cut staff costs
Sanlam Kenya has joined the growing list of companies in Kenya that are cutting back their payrolls in order to…
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Asian stock markets react.
Tokyo stocks closed lower on Wednesday on risk-off sentiment after the launch of a formal impeachment inquiry against President Donald…
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European stock markets fall amidst impeachment proceedings against President Trump
Europe’s stock markets slid at the start of trading on Wednesday following falls in Asia, as US Democrats launched formal…
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Mumias Managers and Directors ordered to submit statement of the company’s affairs
The Management and Directors of Mumias Sugar Company have been instructed to submit a statement of the company’s affairs within…
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