Kidero Resigns as Mumias Sugar Boss
Mumias Sugar Company Managing Director Dr. Evans Kidero has resigned. Kidero has resigned as per constitutional requirements of public officers wishing to run for political seats. The former MD is eyeing the Nairobi Governor’s seat in the next general election. He has been at the helm of the…
Private Hospitals Accept Deal from NHIF
The Kenya Association of Private Hospitals (KAPH) on Thursday said that more than 200 of its members have agreed to provide medical cover under the National Hospital Insurance Fund (NHIF) outpatient civil servants scheme. KAPH had earlier demanded KES 6,000 per patient but on…
Let’s Drink Milk
Stay young Do Milk is a KES 50 million campaign launched yesterday by Kenya Dairy Processors Association to promote consumption of milk and its products. The campaign aims at showcasing milk and its products as a fashionable drink healthy for the body Kenya Dairy Processors Association…
NSSF to Receive Dividend from NBK
National Social Security Fund (NSSF) Acting Managing Trustee, Mr. Tom Odongo, will this morning receive a dividend cheque from National Bank of Kenya Management team during a brief courtesy call at NSSF Head offices in Nairobi. This comes only two days after…
Kenya Breweries Has a New Managing Director
East African Breweries Limited (EABL) has announced that it has appointed a new Managing Director. In a press statement dated 28th June, EABL Group Director and CEO Seni Adetu announced the appointment of Mr. Joe Muganda as the MD for Kenya Breweries Limited. Mr. Muganda, who will…
KQ Autumn Specials
During the autumn season, you can fly with Kenya Airways from London Heathrow to: Nairobi at £ 500.00 (Approximately KES 65,649.15), Der es Salaam at £ 588.00 (Approximately KES 77,203.4004) Entebbe at £ 568.00 (Approximately KES 74,577.4344) The above fairs are subject to the following terms…
Government's Housing Solution for Tough Mortgage Market
It is everyone’s dream to own a house of their own, though with the ever increasing development costs and the rise in mortgage interest rates, such dreams are fast fading away. Well, don’t despair, your dreams of owning a dream home might still be achievable, that’s…
KCB to Boost its Mortgage Fund
KCB Bank Group plans to borrow up to $150million in long-term financing to support its mortgage kitty. The group which offers mortgage financing through its subsidiary S&L Mortage has plans to raise the money by the end of the year. According to…
Centum Fine Confirmed, Share Falls
The Capital Markets Authority yesterday confirmed that Centum Investment Company Ltd will receive a fine for failing to give a profit warning for this year’s half-year results, a report in the Business Daily said yesterday. Centum’s official financial statements for the year ended 31st March 2012…
Random Tweets on Competition, Markets and Foreign Aid
Foreign firms’ biggest impact in developing nations may not be the jobs they create or money they pay out but the products they make — sure nazareth(@iFortknox) June 26, 2012 Vodacom for example provides services from texting to mobile banking in Africa. A mobile…
Fake Handsets Deadline Set
3 months to fake handset shut down
Banks to Hire 'Professional Bankers'
Bankers will soon be required to attain professional banking qualifications to be able to work in banks. Kenya Bankers Association chief executive Habil Olaka says its time the industry defined who a professional banker is because at the moment, individuals with bachelors degrees can work as banking executives. The…
Stocks Watch – June 28 2012
These are the various NSE share updates for today as of 10.04 am (data from mystocks) The Equity Bank share is up 50 cents at KES 21.50 from yesterday’s close of KES 21.00 This is the share’s first gain since Wednesday last week. ScanGroup is down 1 shilling at…
How Mobile Phones are Tackling Poverty
Mobile telephony especially in Africa has moved from the mere provision of communication to creating new and bigger possibilities in markets and provision of services. From a communication device, it has transformed to a remote control of people’s lives, with big impacts on the quality of life especially in low-income…
Forex Trail – June 28th
Latest currency data from the Central Bank of Kenya website shows that the Kenya Shilling yesterday appreciated 9 cents to exchange at KES 84.26 to the US dollar up from KES 84.35 on Tuesday. The Shilling had on Tuesday depreciated 0.4 percent against the US dollar…
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