New CBK governor Patrick Njoroge assumes office President Uhuru Kenyatta has formally appointed Patrick Njoroge to the post of Central Bank of Kenya governor, a week after he was endorsed by Parliament. CBK governor Patrick Njoroge, deputy Sheila M’Mbijjewe and Board chairman Jairus Mohammed Nyaoga term in office effective June…

Tobacco farmers to lose as sponsor scales down operations Global raw tobacco merchant, Alliance One International, has announced plans to scale down its operations in Kenya, a move expected to hit farmers hard. Its core operations involve sponsoring farmers to produce tobacco mainly in Migori County, processing and exporting to…

Tobacco firms seek Senate help to suspend strict rules British American Tobacco (BAT) and Mastermind Tobacco have picked 10 clauses they want declared unconstitutional before the rules come into effect in two weeks. Appearing on Thursday before the Senate Committee on Delegated Legislation, the two firms…

KQ stock dips 30 per cent as airline flies into turbulent times Kenya Airways has shed 30 per cent over the past two months reverting to a Sh7.75 low on a series of negative corporate reports, erasing price gains made between November last year and February 2015 […] Wrigley ups…

Energy shares gain as falling oil price lifts consumption Shares of oil marketers KenolKobil and Total are up 15.5 per cent and 12.5 per cent respectively so far this year at Sh10.05 and Sh27. On the electricity side, Kenya Power and KenGen are up 17.6 per cent and 4.4…