KenGen woos investors to tap surplus power The Kenya Electricity Generating Company (KenGen) has disputed claims that its energy expansion plan will result in unutilised surplus. The electricity generator says it will invest in reserve energy from green sources, in anticipation of higher demand from the…

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…

KenGen approves rights issue to raise billions for energy projects The Kenya Electricity Generation Company (KenGen) board has approved a rights issue to raise billions of shillings for its energy projects. KenGen said it would seek investors’ approval to issue up to 7.8 billion shares, reversing…

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…

  Old Mutual gets approval to acquire UAP Holdings stake Old Mutual can now acquire a 37.3 per cent stake of UAP Holdings, following approval of the transaction by regulators.The acquisition is expected to hand Old Mutual a 60.7 per cent stake in UAP Holdings on completion.Old Mutual in January…

Co-op Bank jumps ahead of StanChart in NSE stock value Cooperative Bank’s market value has jumped ahead of Standard Chartered to become the third-largest listed lender, for the first time putting indigenous banker in the top-three spots.Cooperative Bank is now valued at Sh105 billion—behind leaders KCB and Equity—with its share…