KQ sends finance boss home, retires fleet chief
KQ sends finance boss home, retires fleet chief National carrier Kenya Airways on Tuesday sent home its long-serving finance director, Alex Mbugua, in what was seen as part of a broader initiative to turn around the fortunes of the loss-making company […]…
TransCentury seeks to calm Sh8.1bn bond holders after CEO exit
TransCentury seeks to calm Sh8.1bn bond holders after CEO exit TransCentury has moved to assure investors that it is on course to repaying Sh8.1 billion owed to bondholders despite the sudden resignation of its CEO Gachao Kiuna last week. Dr Kiuna left the investment firm last…
Longhorn, Home Afrika biggest gainers at NSE
Longhorn, Home Afrika biggest gainers at NSE The small cap counters of Longhorn and Home Afrika were the top gainers at the Nairobi Securities Exchange (NSE) last week, bucking the market trend that saw 42 out of the 61 actively traded stocks record share price declines.
Nairobi stock market valuation falls below the Sh2 trillion mark
Nairobi stock market valuation falls below the Sh2 trillion mark Shareholder wealth at the Nairobi Securities Exchange slipped below the Sh2 trillion mark Thursday as large counters recorded price drops. The drop in share prices has created good bargains for investors looking to enter the market.
Competition hots up for KQ as Fastjet enters Nairobi
Competition hots up for KQ as Fastjet enters Nairobi Low-cost carrier Fastjet is set to launch Tanzania to Nairobi flights on Monday, stepping up competition for Kenya Airways (KQ) and its associate Precision Air which also fly the same routes. Fastjet has announced daily flights from…
Treasury behind borrowing targets on high finance costs
Treasury behind borrowing targets on high finance costs As the current financial year started it emerged the government was experiencing unprecedented difficulties in raising cash, partly because the Sh2.2 trillion Budget was an increase of 25 per cent while domestic borrowing and tax revenues were short…
M-Pesa now enters Uganda in Safaricom, MTN pact
M-Pesa now enters Uganda in Safaricom, MTN pact M-Pesa users will now send and receive money from one of Kenya’s biggest trade partners Uganda after Safaricom partnered with MTN, a mobile phone service provider in the neighbouring country. Uganda is one of Kenya’s top trading partners…
ARM set for Sh12.7bn cash boost from foreign investor
ARM set for Sh12.7bn cash boost from foreign investor ARM Cement is seeking to raise $125 million (Sh12.7 billion) from a strategic investor who is expected to take a controlling stake in the company once it converts the preference shares it is allotted in the Nairobi…
Jamii Bora targets global lenders for Sh1.6bn expansion loan
Jamii Bora targets global lenders for Sh1.6bn expansion loan Jamii Bora Bank is hoping to get an unsecured Sh1.6 billion convertible loan in January. The loan will be provided by three international lenders whom the management declined to disclose as they are still conducting due diligence…
Collymore says Safaricom will not risk CBK’s wrath over bitcoin transactions
Collymore says Safaricom will not risk CBK’s wrath over bitcoin transactions Safaricom CEO Bob Collymore has said the telecommunications giant will not agree to have bitcoin-related transactions on its M-Pesa system unless the virtual currency is authorised by the banking sector regulator. Safaricom CEO Bob Collymore…
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