CFC Stanbic, BOC Kenya chief executives resign The CEOs of Nairobi Securities Exchange-listed firms CfC Stanbic Holdings and BOC Kenya Ltd have resigned, leaving their firms with the task of hiring their replacements. CfC’s chief executive Kitili Mbathi resigned Friday and has been…

KRA, Unilever Tea in Sh1.8bn tax battle The Kenya Revenue Authority (KRA) is locked in a multibillion-shilling tax battle with Unilever Tea Kenya where it is seeking unpaid taxes dating back to the start the millennium. Unilever has however countered the KRA’s claims that the tea…

KQ has drawn down half of its Sh20bn Afrexim bank loan Loss-making Kenya Airways has drawn down half of a Sh20 billion ($200 million) bridging loan from Afrexim bank and expects the next tranche in two weeks, its chief executive said on Friday. Mbuvi Ngunze told…

Barclays unveils product lab for local developers Barclays bank has partnered with local developers in a programme aimed at creating innovations to improve delivery of its financial services across the globe. The programme, Barclays Kenya Product Lab will give developers access to the institution’s resources to…

Safaricom steps up internet price turf war with rival Airtel Telecommunications company, Safaricom has revised its Internet bundle prices for the third time this year, stepping up an ongoing fight for data revenue with rivals Airtel and Telkom Kenya. Safaricom, the market leader, revised the cost…