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 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…

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.

BAT calls whistleblower a ‘rogue’ ex-staff Cigarette manufacturer British American Tobacco (BAT) has described its former employee who blew the whistle on bribery at the company as a “rogue” individual who has an axe to grind with the firm. Mr Paul Hopkins leaked hundreds of secret documents to a BBC…

Jubilee maintains market lead with 12.6pc of revenue Jubilee Insurance has maintained its market leader position in the first half of the year, beating off competition from close rivals Britam and ICEA Lion. Jubilee’s market share stood at 12.6 per cent as at June this year,…

Road levy, weak shilling bring pain to Nairobi motorists City motorists will pay Sh4.06 more for a litre of petrol after the energy regulator included a raised roads levy in its review alongside changes to reflect the effects of a weaker shilling to the US dollar.

KCB to set aside Sh1bn for Kenyan start-ups KCB has pledged Sh1 billion to fund start-ups following calls for financial institutions to match the government’s allocation to several entrepreneur seed funds. Chief executive Joshua Oigara made the announcement when he moderated an entrepreneurship panel discussion at…

Mumias Sugar closed for maintenance work Mumias Sugar Company has temporarily suspended operations for urgent maintenance work.Outgoing managing director Coutts Otolo Thursday said the month-long break will enable them fix equipment which had contributed to the company’s poor performance due to inconsistency in maintenance…[…] PwC  roots for SMEs role…

Overvalued shilling may hit 110 to the dollar by year end Economists says Kenya’s real effective exchange rate (REER) is 20 per cent overvalued and forecasted that the currency is headed for 110 units to the dollar by the end of the year. The REER…

Shilling feels the pressure as trade deficit rises 59pc KNBS reported the current account deficit, stood at Sh101.5 billion, up from Sh63.7 billion recorded in the same quarter last year. The gap between Kenya’s imports and exports widened a massive 59 per cent or Sh37.7 billion…