Africa Oil Corporation has announced that it has found additional Oil in Turkana region, near the well where Tullow Oil struck Oil in March this year. In a statement released by the company Chief Executive and president Keith Hill today,…
Migration from analogue TV signals to digital signals in the country has opened up businesses for many investors and still attracting new entrants in the market. Barely a month after Chinese Digital TV distributor StarTimes Media launched its services in the country, American firm…
In today’s trading at the NSE, we will be observing the following counters: Athi River Mining – The cement manufacturer has made an agreement with Aldwych International, a power projects company, to install a coal-fired electricity power plant to improve gross margins and earn additional revenue streams through…
Plans to increase water bills for Nairobi residents have been shelved pending a tariff study that would establish the rationale for the review. Increase in water bills was expected to take effect this month and would have affected Nairobi residents but Nairobi City Water…
Bank of China has been granted a license to open a representative office in the country by the Central Bank of Kenya. The bank is eyeing a full operation in east Africa. According to Reuters, foreign lenders have been…
Central Bank of Kenya‘s Monetary Policy Committee is set to meet this week in discussions that could see the fate of interest rates determined. The Central Bank Rate (CBR) however is bound to be maintained at 18% thwarting any hopes of lower lending rates by…