Business
Egypt-based CIB completes 100% acquisition of MBL
January 30, 2023
Egypt-based CIB completes 100% acquisition of MBL
The Commercial International Bank (Egypt) S.A.E. (CIB) has acquired an additional 49 percent of the shareholding of Mayfair CIB Bank…
KenGen approves Ksh.1.3 billion dividend payout
January 26, 2023
KenGen approves Ksh.1.3 billion dividend payout
Kenya Electricity Generating Company PLC (KenGen) will pay a total of Ksh.1.32 billion in dividends to its shareholders for the…
Sarah Serem appointed Postbank’s Chairperson of Board of Directors
January 26, 2023
Sarah Serem appointed Postbank’s Chairperson of Board of Directors
The Kenya Post Office Savings Bank (Postbank) has appointed Sarah Serem as the chairperson of the Board of Directors.Serem’s three-year…
Kenya to benefit from Tullow’s Ksh.37 bn investment kitty in 4 African states
January 26, 2023
Kenya to benefit from Tullow’s Ksh.37 bn investment kitty in 4 African states
The Anglo-English based oil explorer – Tullow Oil – has laid down strategy to continue with its investment plan in…
CS Linturi launches Ksh.8.4 bn marketing strategy for Kenyan farmers – how it will work
January 24, 2023
CS Linturi launches Ksh.8.4 bn marketing strategy for Kenyan farmers – how it will work
The Kenyan government has launched a nine-year marketing strategy in Agriculture sector with an aim to boost market access for…
Coffee regulator to on-board five CMA-licensed brokers, finally
January 24, 2023
Coffee regulator to on-board five CMA-licensed brokers, finally
The Capital Markets Authority (CMA) licensed coffee brokers will now be on-boarded by the coffee regulator in Kenya, ending a…
Global recession threat to see growth down 1.7% in 2023 – World Bank
January 24, 2023
Global recession threat to see growth down 1.7% in 2023 – World Bank
The global economy is projected to grow by 1.7% in 2023 and 2.7% in 2024, the World Bank has said.The…
Parastatals presiding over Ksh.1.1 trillion stalled projects, says Treasury
January 24, 2023
Parastatals presiding over Ksh.1.1 trillion stalled projects, says Treasury
The National Treasury is now charming offensive against State Owned Enterprises (SOEs), better known as parastatals over their continued reliance…
Cytonn sues MP over defamation as it counts millions in losses
January 24, 2023
Cytonn sues MP over defamation as it counts millions in losses
Cytonn Investments Management PLC has run to court over defamatory remarks made against it, as it continues to count millions…
MPs retreat in Mombasa hit snag over CDF
January 23, 2023
MPs retreat in Mombasa hit snag over CDF
A Parliamentary retreat in Mombasa by Members of Parliament hit a snag Monday in what was seen as a protest…