Senate proposes Ksh.200M be redirected from its budget to beef up coronavirus fund

By Citizen Reporter,

The Senate has contributed Ksh.200million towards the fight against the coronavirus pandemic in Kenya. A statement from Senate Speaker Kenneth Lusa...

coronavirus , COVID-19 , Waruru

Wachira Waruru, Michael Joseph, Joshua Oigara to serve as Board members for proposed COVID-19 Emergency Response Fund

By Citizen Reporter,

Royal Media Services MD Wachira Waruru has been selected to serve as a Board member for the proposed COVID-19 Emergency Response Fund. President Uh...

coronavirus , COVID-19 , Wachira Waruru.

BWIRE: Kenya media has done well on coronavirus ‘infodemic’

By Victor Bwire,

By Victor Bwire The media in Kenya in general and journalists in particular have done well in focusing the current health challenges facing the cou...

Equity Group posts Ksh.22.6 billion full year profit

By Kepha Muiruri,

Equity Group has posted a 14 per cent growth in profit after tax for the year ending December 2019 to Ksh.22.6 billion. The notable double digit gr...

Equity Group , James Mwangi

Polycarp Igathe back at Equity Bank as Chief Commercial Officer

By Kepha Muiruri,

Polycarp Igathe has made a return to Equity Group as the Chief Commercial Officer. Confirming the re-appointment, Equity Group Managing Director Ja...

Equity Group , Polycarp Igathe , Vivo Energy

Absa Bank: Mobile banking app Timiza used by almost 5M customers

By Reuters,

Kenya’s Absa Bank has moved most of its customers onto its mobile banking platform, which it sees as a major driver for future growth, chief executi...

Absa

NSE bets on incubator graduates to sprout new listings

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) has tipped its incubator program to build the exchange’s first listings ending a three-year barren run. NSE...

Geoffrey Odundo , Nairobi Securities Exchange (NSE)

Tullow planned exit complicates Kenya’s petrodollars quest

By Kepha Muiruri,

Tullow’s planned exit from its equity stake in Project Oil Kenya has opened up fresh questions into the country’s future oil exploits. This is ...

Ministry of Petroleum , Tullow Oil

Banks share prices set for correction

By Kepha Muiruri,

Listed commercial banks share prices are set to re-adjust downwards in the near term as the market absorbs shocks emanating from observed investor ove...

banks , Nairobi Securities Exchange (NSE)

Bank stocks set to drive NSE Bull Run

By Kepha Muiruri,

The large capped banking sector stocks are set to drive the recovery in stock valuations at the Nairobi Securities Exchange (NSE) with analysts holdin...

Kenyan banks , Nairobi Securities Exchange (NSE) , NASI

Factbox: Who owns Europe’s leading football clubs?

By Reuters,

A group led by U.S. billionaire Daniel Friedkin is in talks to buy AS Roma although the Italian football club said a formal deal had not yet been agre...

Charles Rubia, first African Mayor of Nairobi, buried in Murang’a

By Enock Sikolia,

Former Cabinet Minister Dr. Charles Wanyoike Rubia was laid to rest on Monday at his Karuigu-ini home near Kenol town, Muranga County. The funeral ...

rubia

2019 in Review: Ulinzi topple KPA but Kenyan clubs flop abroad

By Dennis Kamariki,

The Kenya Basketball Federation (KBF) enjoyed a dramatic year full of interesting twists and while the domestic premier leagues were a success, local ...

KBF playoffs , KPA , Ulinzi Warriors

Equity’s James Mwangi named in 2019 list of top global innovators

By Kepha Muiruri,

Equity Group Managing Director James Mwangi has been named on the shortlist of 50 top innovators by the Bloomberg Business Week. The honorary list ...

Equity Group , James Mwangi

Local firms chasing Kenya’s ultra-rich diaspora community

By Kepha Muiruri,

Local firms have doubled down on their efforts to attract Kenya’s ultra-rich diaspora community as they increasingly view the segment as a source of...

CBK , Kenya Diaspora Allliance (KDA) , remittances

Man City owners expand global empire to Mumbai

By Reuters,

The owners of Premier League champions Manchester City have agreed to buy 65% of Indian soccer team Mumbai City FC, expanding their global stable of c...

City Football Group , manchester city , Mumbai City FC

Centum sets aside Ksh.2.1 billion in anticipated losses from Amu Power

By Kepha Muiruri,

Centum Investment has set aside Ksh.2.1 billion as provision for the eventuality of a loss from its funding of the distressed Amu Power Company. Th...

Amu Power Company , centum , James Mworia , Lamu coal power project

Equity Group to acquire 66% of Congolese bank

By Duncan Mutwiri,

Equity Group Holdings (EGH) is on track to acquire a majority stake in the Banque Commercial du Congo. On Monday, the bank reported its purchase ag...

Equity Group Holdings

‘Greedy’ lenders to blame for feared hike on bank loan rates

By Kepha Muiruri,

The interest rate charged on your new loan is inevitably set to rise in the aftermath of the interest rate cap repeal in spite of assurances from the ...

CBK , Finance Act , interest rate caps , KBA , Treasury

UAP, Eaagads issue first profit warnings on expected 2019 earnings

By Kepha Muiruri,

Insurer UAP-Old Mutual and coffee grower Eaagads have become the first publicly trading firms to issue profit warning on expected 2019 earnings. In...

Eaagads , nse , profit warnings , UAP