Business

CBK approves CBA, NIC merger effective October 1

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…
Kenya re-admitted to the World Rally Championship, welcomed by president Kenyatta

Kenya re-admitted to the World Rally Championship, welcomed by president Kenyatta

President Uhuru Kenyatta welcomed International Automobile Federation (FIA) decision to reinstate the Kenya Safari Rally into World Race Championship.This follows…
CMA warns investors against ‘forex trader’ Interweb Global Fortune

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…
New austerity measures as Treasury hits hard on government expenditure

New austerity measures as Treasury hits hard on government expenditure

National Treasury has frozen bench-marking trips by ministries and their respective State departments in fresh austerity measures aimed at cutting…
Sanlam Kenya embarks on early retirement program to cut staff costs

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…
Kenyan tea faces new hurdle over sanctions on Iran

Kenyan tea faces new hurdle over sanctions on Iran

Kenya’s tea industries where players in Kenya’s top export earner are predicting tougher times ahead for the industry.The East African Tea…
Asian stock markets react.

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…
European stock markets fall amidst impeachment proceedings against President Trump

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…
CS Keter says KPLC profit warning is in the interest of shareholders

CS Keter says KPLC profit warning is in the interest of shareholders

There is no cause for alarm over the recent profit warning issued by Kenya Power and Lighting Company for the…
Mumias Managers and Directors ordered to submit statement of the company’s affairs

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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