KQ to offer competitive rates in the near future
The deal signed between General Electric Aviation’s (GE) and Kenya Airways (KQ) will see GE supply KQ with engines for the nine Boeing 787 Dreamliners and a few other planes to be purchased in the future. The 19 GE-nx-1B engines to be bought deliver 15% fuel…
Ringera committee to commence hearing on CMC probe
Capital markets regulator Capital Markets Authority (CMA) has appointed an adhoc committee to hear the sides of those named in a forensic investigation report on giant car dealer CMC Motors Group. The report by Webber Wentzel (South Africa) accuses current and previous directors of fraud,…
Cost of Living Shot Up in March
Kenya National Bureau of Statistics has released the inflation rate for the month of March 2012, citing an increase in the Consumer Price Index (CPI) by 1.34% from 130.76 in February 2012 to 132.51 in March 2012. The overall inflation rate stood at 15.61% in March 2012. Food and Non…
Inflation Drops to 15.61%
Measures taken by the Central Bank of Kenya to lower inflation rates are paying off significantly. KNBS announced this morning that the inflation rates for March 2012 stand at 15.61%, a decline from 16.69% in February 2012. The food prices have increased by 20.3% with the price of 500 ml…
ScanGroup to expand further into Sub-Saharan Africa
According to the Business Daily, marketing services firm ScanGroup has planned acquisitions in Nigeria, Angola and Mozambique by year-end as it seeks to serve multinational clients in diverse markets. The company intends to buy controlling stakes in marketing firms in the three countries to give it…
Kenya Orchards 27% Profit Increase
Kenya Orchards Limited has released its financial results for the year ended 31st December 2012. The company’s profit before tax increased by an impressive 100.9% in the year moving up from Kshs. 620,520 in the previous period to Kshs. 1,246,812 in the year ended December 2011. Profit after tax increased…
KNBS Expected To Release CPI and Inflation Rates Today
Kenya National Bureau of Statistics (KNBS) is expected to release the Consumer Price Index (CPI) and inflation rates for March 2012 any time today. The Consumer Price Index for the month of February 2012 decreased by 0.04% from 130.82 in January 2012 to 130.76…
Housing Finance AGM
Housing Finance Company of Kenya Limited has announced that its 45th annual general meeting will be held in Nairobi on Friday 27th April 2012 at the Bomas of Kenya Auditorium at 11:00am. The agenda includes, among other items, to receive and, if approved, to adopt the audited balance sheet…
Nairobi Has The Fastest Growing Luxury Real Estate Prices on The Planet
It’s no secret real estate prices in Nairobi have seen phenomenal growth over the last 10 years, driven by an improving economy, rural-urban migration, easier access to home loans and increasingly wealthy Kenyans abroad investing their money back home. What is surprising though, is that in 2011, prices at…
Total Kenya Limited records a Ksh 71 million loss
Total Kenya Limited has today reported that it made a loss of Ksh 71 million for the full year ended December 2011. The largest oil marketer in Kenya blamed this loss on price controls and inefficiencies in the supply chain. The loss is a stark contrast to the Ksh 916…
1
