Airtel Kenya permit expired, operating under Essar licence Airtel Kenya is operating under the licence previously held by Essar, which it bought out last year, as its permit which expired in February is yet to be renewed. The telecommunications firm had until this February to pay…

Kenya Power in 70MW energy deal with Obama initiative-funded firm Kenya Power has signed a 70-megawatt power purchase agreement (PPA) with a company that is partly funded by US President Barack Obama’s Power Africa initiative, boosting the country’s goal of adding 5,000MW to the installed capacity…

M-Shwari clients to get mobile medical consultation services The Commercial Bank of Africa (CBA) has partnered with an international mobile-health provider to offer its more than 11 million M-Shwari customers medical consultation services on their phones. Under the partnership the m-Health service provider Hello Doctor, a subsidiary of Metropolitan…

KQ needs Sh100bn bailout, says Standard Investment Bank analysts National carrier Kenya Airways requires up to Sh100 billion new funding to stay afloat, Standard Investment Bank analysts have estimated. The amount is required in the form of fresh capital injection to reduce the carrier’s debt burden. KQ may also need…

Co-op Bank branches to issue car insurance stickers Co-operative Bank of Kenya through its Co-op Consultancy Agency will issue motor vehicle insurance stickers in all its branches. The bank says the product, launched in 2013, will be available in a maximum of 10 minutes on order.The certificates are normally printed…

KRA intensifies war with manufacturers over excise tax The Kenya Revenue Authority (KRA) has intensified its war with manufacturers over the payment of excise tax, putting at risk millions of jobs and billions of shillings in tax revenues.The Kenya Association of Manufacturers (KAM) – the industry…

Equity stock unit beats six rivals in NSE share trades Equity Investment Bank (EIB) jumped to second place in stockbrokers’ equity trades on the Nairobi Securities Exchange (NSE) in the first half of the year, replacing Russian-owned Renaissance Capital (Rencap) that held the position at…

Equity steps up competition for mobile money customers with cheaper transfer service Equity Bank has stepped up competition for mobile money customers by making it free for its subscribers to send money to Airtel subscribers and within its network while capping fees charged on transfers to…

Nairobi bourse sheds 3pc value in a fortnight The stock market has shed three per cent in value so far this month to slip below the 4,700 point level for the first time in 22 months.The Nairobi Securities Exchange (NSE) has been weighed down by continued…

  Brokers rattled as banks take over the bond market The licensing of commercial banks as securities traders has unsettled stockbrokers who stand to lose a substantial share of their revenue, particularly in the wake of falling turnover and volatile trading at the stock market.The Capital…