National carrier Kenya Airways is set to announce its annual financial results on Thursday 14th June 2012. For the financial year 2010/2011, Kenya Airways posted a profit after tax of Shs. 3.5 billion up from Shs. 2.0 billion the previous period. The airline had a rights issue in May where…

Nairobi and its environs will have an all digital TV platform by the end of this year. Speaking at the launch of new digital TV provider StarTimes, Communications Commission of Kenya acting director Francis Wangusi said plans were under way to fully digitalize the…

Digital Television signal provider StartTimes Media has today launched its digital TV services in the country. The channel which will broadcast on the new Communication Commission of Kenya (CCK) approved decoders, DVB-T2 decoders will offer over 60 digital quality entertainment channel to the Kenyan…

When the Alcoholic Drinks Control Act of 2010, famously known as the Mututho laws (after the sponsor Naivasha MP John Mututho) was enacted, it introduced sanity and control in terms of drinking hours. However, there have been concerns raised about how the Act impacted uptake of illicit brews and the…

Insurace firm UAP‘s plans to venture into new markets in the region are well under way. The firm received capital injection of Ksh4.7 billion ($55 million) from a group of investors which will enable it to expand in the region. The investment deal has now altered previous shareholding to…

Equity Bank chief executive  James Mwangi was on Friday named the Ernst & Young World Entrepreneur Of The Year 2012, at an awards ceremony held in Monte Carlo, Monaco. Mwangi was picked from 59 country finalists nominated for the title across 51 countries, each of whom had already been named the…

The price of milk has significantly gone down on the retail market a month after the rains cut the long dry spells. Milk is now retailing at between Ksh.35 and Ksh. 40 for the half liter packet down from between Ksh. 48 and Ksh. 55  in April. In December and…

Mr. Munir Sheikh Ahmed has been appointed the new managing Director of the National Bank of Kenya.  In a letter to the Nairobi Securities Exchange dated 7th of June, the outgoing Managing Director informed the Capital Markets Authority and Nairobi Securities Exchange about the Development. Mr Munir…

Driving License holders across the country can now renew their driving licenses at any National Bank of Kenya (NBK) branch countrywide.  Kenya Revenue Authority has partnered with National Bank whose widespread branch network will bring the service closer to the people. National Bank of Kenya has branches across the country…

Barclays Bank of Kenya shareholders at the Annual General Meeting held today approved a final dividend of Kes. 1.30 per share which when taken together with the interim dividend of Kes. 0.20 paid in October 2011, brings the total dividend payout for the year 2011 to Kes.