Oil marketers conspire to raise fuel prices as Kenyans brace for tough times ahead

By Kepha Muiruri,

Oil marketers have made an attempt to manoeuvre existing marketing rules to retain higher fuel costs to Kenyans this month, denying relief to consumer...

EPRA , fuel prices , KenolKobil , oil prices

KenolKobil, Gulf retain staff after merger

By Kepha Muiruri,

The pair of KenolKobil and Gulf Energy have retained all of their staff members after the merger of business operations in late 2019. The hold on t...

Gulf Energy , KenolKobil , Rubis Energie SAS

Stanbic firm to keep minority investors in push for more shares

By Kepha Muiruri,

Stanbic Bank parent company- the Stanbic Africa Holding Limited (SAHL) (UK) is set to retain its minority investors for at least another year even as ...

CfC Stanbic , mergers and acquisitions , nse , Stanbic Africa Holding Limited

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

KenolKobil insider probe pushes CMA illicit recoveries to Ksh.726 million

By Kepha Muiruri,

The Capital Markets Authority (CMA) has recovered Ksh.725.8 million from illicit capital markets dealings in the year to date, with the lump of the su...

CMA , KenolKobil

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

NSE buyouts likely to extend listings drought

By Kepha Muiruri,

Private buyouts of Nairobi’s Securities Exchange (NSE) listed firms are likely to extend the bourse’s already lengthy listing drought. This as ...

AIB Capital , Aly Khan Sachu , Nairobi Securities Exchange (NSE) , Sarah Wanga

French company’s takeover of KenolKobil in final stages

By Kepha Muiruri,

French petroleum marketer Rubis Energie SAS could complete the takeover of KenolKobil as early as March 2019 following the acquisition of the necessar...

Capital Markets Authority , KenolKobil , Rubis Energie SAS

KenolKobil Ksh.35B bid under investigation by CMA

By Reuters,

The Capital Markets Authority has said investigations have been launched into irregular share trades in relation to a takeover offer for KenolKobil b...

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

KenolKobil posts Sh2.4bn profit

By Michael Karanja,

Oil marketer KenolKobil posted flat growth in its full year earnings weighed down by a one off payment to settle a debt with Kenya Petroleum Refinery ...

balance sheet , David Ohana , debt , economic stability , Ethiopia , Fuel , KenoKobil , KPRL , one off payment , region , stations

Total maintains grip of fuel retail business

By Sophie Kinoti,

Total Kenya continues to hold the largest market share in the oil marketing industry. According to the latest report from Petroleum Institute of E...

business , energy , Fuel , fuel stations , gas , investment , KenolKobil , LPG , market share , petroleum institute of east africa , PIEA , Powel Maimba , quarterly report , Total Kenya

KenolKobil to open 30 new stations in 2017

By Reuters,

Oil marketer KenolKobil will open at least 30 new service stations this year to boost sales volumes, its chief executive said. KenolKobil was one o...

business , David Ohana , expansion , Fuel , fuel stations , investment , Investors , KenolKobil , lubricants , nse , oil marketing company , regional operations , ruled out regional expansion , stocks , Zakhem International

Little in fuel deal with KenolKobil

By Abalon Babisho,

Taxi hailing firm Little has signed a fuel agreement with KenolKobil which will see drivers get discounts on fuel. Craft Silicon Chief Executive Of...

David Ohana , Drivers , Fuel , K-Card , Kamal Budhabhatti , KenolKobil , Little , Safaricom , Taxi hailing firm , uber