Jambojet seeks pilots amid KQ labour case Jambojet is seeking new pilots for its fleet, signalling possible expansion plans for the airline even as its parent, Kenya Airways, faces a court case over the mode of employing flight crews. The airline in March sparked a court row with KQ pilots…

KCB signs deal with Tuskys for advance pay of suppliers’ bills Kenya Commercial Bank has signed a financing facility with retailer Tuskys Supermarkets that will see suppliers get payment before their invoices fall due. KCB is the second bank to enter into such a partnership with…

KPMG set to replace Ernst & Young as Uchumi auditors KPMG is set to take over from Ernst & Young the auditing of troubled retailer Uchumi Supermarkets, which has accused its former top management of manipulating its last year’s financial statements. The consultancy, classified as one…

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…

Co-op Bank to borrow Sh10.7bn from IFC The Co-operative Bank of Kenya is set to receive Sh10.7 billion ($105 million) in long-term financing from the International Finance Corporation for onward lending to small and medium enterprises. IFC, the World Bank’s private lending arm, has disclosed its…

EABL loses Sh240m claim against former top manager Beer maker East African Breweries Limited has lost a Sh240 million claim against an ex-employee whom it accused of using a shell company to steal from the firm. High Court judge Joseph Sergon on Friday dismissed a…

EABL up for earnings boost from bottling unit disposal Beer maker East African Breweries Limited’s (EABL) earnings this year are set to get a major boost following conclusion of the sale of its glass bottle manufacturing subsidiary. The brewer Thursday announced that the sale of Central…