500 to lose jobs in Telkom Kenya layoffs Five hundred employees of Telkom Kenya could lose their jobs in a restructuring plan announced by the company which is in acquisition talks with private equity fund Helios Investment Partners. Telkom Kenya has indicated that the layoffs are…

Rea Vipingo set to delist this month Rea Vipingo is expected to delist at the Nairobi Securities Exchange (NSE) by the end of the month if the industry regulator approves the move. Chairman Richard Robinow says the sisal firm is now awaiting for the go ahead…

Top foreign funds see returns on NSE equities drop 11pc The top-five foreign mutual funds investing in Kenya have seen their returns decline by an average of 11 per cent year-to-date, a new report by consultancy PricewaterhouseCoopers shows.Investor returns have taken a hit from the…

KCB overtakes Equity Bank in valuation at NSE KCB has grabbed back its position as the most valuable listed lender at the NSE ahead of Equity Bank for the first time in seven months with its share price rallying to an all-time high and Equity slipping. KCB’s closing price of Sh63 a…

1. Apple, Samsung Judge Mulls Damages Apple Inc.  awaits a judge’s decision on its request for additional damages against Samsung Electronics Co for patent infringement after the iPhone maker lost its bid to block U.S. sales on 26 of the Galaxy maker’s devices. Apple…

Kenya’s annual custom tax collection is expected to drop by KES 16.5 billion ($193.8 million) . This will come about if tariffs on European products are removed under a proposed economic pact. South Centre, an international policy institution, has said that the direct revenue loss would outstrip the KES 10.4 billion ($121.8 million) that Kenya would realise from increased trade with Europe.