Court throws out Aly-Khan Satchu privacy intrusion suit in insider trading probe

By Kepha Muiruri,

The commercial court has dismissed claims by stock-broker Aly-Khan Satchu on the intrusion of his privacy by the Capital Markets Authority (CMA). T...

Aly Khan Satchu , Capital Market Authority , insider trading

Capital Markets Authority bars Aly-Khan Satchu from trading

By Joseph Bonyo,

Celebrated stockbroker Aly-Khan Satchu has been barred from trading and holding any key office in a listed firm for three years. Aly Khan, or Mr Satc...

Aly Khan Satchu , Capital Markets Authority , KenolKobil , Rubis Energie

Safaricom succession: Filling Collymore’s shoes an uphill task

By Kepha Muiruri,

Safaricom’s Board has remained mum on the appointment of a new Chief Executive Officer despite Bob Collymore announcing intentions to step down. ...

Bob Collymnore , fuliza , mpesa , Safaricom

Kenya struggles to give life to Konza, futuristic ‘Silicon Savannah’

By VOA,

Laborers milled around an unfinished eight-story building in an expansive field in Konza dotted with zebra and antelope. This is the only visible s...

Konza , silicon savannah

Kenya struggles to give life to futuristic ‘Silicon Savannah’ city

By Reuters,

Labourers milled around an unfinished eight-storey building in an expansive field in Konza dotted with zebra and antelope - the only visible sign of p...

Konza Technopolis , Konza Technopolis Development Authority (KoTDA) , National Land Commission (NLC) , tech entrepreneur Josiah Mugambi

French fuel firm Rubis offers to buy Kenya’s KenolKobil

By Reuters,

French fuel storage and distribution company Rubis SCA  has offered to buy Kenyan oil marketer KenolKobil Ltd  to get a toehold in East Africa, the ...

KenolKobil , Rubis

KCB to finalize Imperial Bank deal in September, posts Ksh12bn HY profit

By Reuters,

KCB Group expects to finalize a takeover of smaller rival Imperial Bank by the end of September, Kenya’s biggest bank by assets said on Thursday aft...

Acquisition , Central Bank of Kenya , imperial bank , Joshua Oigara , KCB , Kenya Bankers Association , receivership , robin hood tax

Kenyan assets tumble after opposition leader pulls out of election

By Reuters,

Kenyan stocks and bonds fell on Wednesday after opposition leader Raila Odinga pulled out of a repeat presidential election set for Oct. 26. The al...

Genghis Capital , Ken Minjire , Kenya presidential election , Kenya's election , President Uhuru Kenyatta , raila odinga , Raila pulls out of election

Nakumatt, Tuskys yet to enter formal merger agreement

By Dennis Otieno,

Retailers Nakumatt and Tuskys are yet to reach a formal agreement aimed at merging the two businesses as part of a recovery plan to revive Nakumatt. ...

Acquisition , Aly Khan Satchu , Atul Shah , debt , Merger , nakumatt , retail , stock out , suppliers , transaction advisers , Tuskys

Stock market hits 14-month high after Kenyatta victory

By Reuters,

Kenya's main stock index rose 2.51 percent on Monday to a 14-month high, building on gains last week as investors welcomed the re-election of Presiden...

boycott , elections , nse , Politics , raila odinga , social democrat , stock market , Uhuru kenyatta

Nakumatt yet to finalize deal with strategic investor as cash crunch bites

By Patrick Igunza,

Inability to secure a strategic investor continues to compound Nakumatt Holding’s financial troubles. So dire is the situation that the regional ...

Aly Khan Satchu , Andrew Dixon , consumer spending , nakumatt , private equity investor , Rich Management , santa clause , sell shares , strategic investor , suppliers

East Africa will feel Brexit blow back- Analyst

By VOA,

Sub-Saharan Africa will feel the economic reverberations of Britain’s exit from the European Union, analysts say, although the nature and extent of ...

brexit , Britain , east africa , EU

Kenyan shares hit by global sell-off, shilling steady

By Agencies,

Kenya's main share index slid 1.57 percent on Friday as market concerns over turmoil in China's financial markets spread. The shilling was barely move...

Forex , kenya , shilling

Citizen TV anchor Janet Mbugua lands lucrative corporate deal

By Brian Okoth,

Citizen Television anchor Janet Mbugua-Ndichu has been signed by African Speakers and Artists (AS+A’s) to join an international speaker circuit. ...

Janet Mbugua , Janet Mbugua lands lucrative deal , Janet Mbugua Ndichu

Shilling slips to lowest level since 2011

By Agencies,

The shilling slipped on Monday to its lowest level against the dollar since October 2011 despite the Central Bank intervening in the market to sell do...

Kenyan shares fall as foreign investors sell

By Agencies,

Selling by foreign investors drove Kenyan shares to two-week lows on Monday as global markets fell. The shilling also weakened. Mobile operator Saf...

africa , business , kenya , stock exchange

Barclays Kenya targets small business lending

By Agencies,

Barclays Bank of Kenya has earmarked 30 billion shillings ($295 million) for lending to small and mid-sized business as it seeks to catch up with prof...

Barclays Kenya , SME