Consolidated Bank bond holders agree to revised payment date

By Kepha Muiruri,

Consolidated Bank bond holders have voted to side with the lender’s pushed repayment of their Ksh.1.6 billion, seven-year held maturing notes plus i...

consolidated bank

Kenya Airways board lukewarm on nationalisation

By Kepha Muiruri,

The Board of Kenya Airways (KQ) has emerged half-hearted in its receipt of the government’s decision to nationalise the carrier. KQ which saw its...

Kenya Airways , Michael Joseph

Co-op Bank’s business mix pushes half-year profit to Ksh.7.5B

By Kepha Muiruri,

The Cooperative Group has announced a 5.6 percent jump in half-year earnings to Ksh.7.5 billion. The marginal rise in net profit which keeps touch ...

Cooperative Bank , Digitization

Uhuru’s Ksh.3 billion coffee fund hit by lengthy delay

By Kepha Muiruri,

The implementation of the Ksh.3 billion evolving cherry advanced coffee fund faces a lengthy delay, this as the state ties up the operation of the kit...

coffee farming in Kenya , KPCU , Uhuru kenyatta

Renationalization unlikely to fly Kenya Airways back to profit

By Reuters,

By taking back full control of Kenya Airways, lawmakers are banking on Kenya’s ability to replicate the profitable example of Ethiopia’s state-own...

Ethiopian Airlines , Kenya Airways

Tuskys shops for Strategic Investor in public listing bid

By Kepha Muiruri,

Tuskys supermarket is out to shop for a strategic investor in its bid to publicly list at the Nairobi Securities Exchange (NSE) The firm incorporat...

ipo , nse , Tuskys

Deacons East Africa closes shop after 60 years

By Muia Joseph,

Troubled fashion and clothing retailer Deacons East Africa has closed shop after 60 years. In a notice in the local dailies on Tuesday, Deacons ann...

4U2 , bossini , Deacons

Kenya Airways open to airport-deal alternatives

By Kepha Muiruri,

While struggling national carrier Kenya Airways (KQ) has put forth the partnership proposal to co-operate the Jomo Kenyatta International Airport (JKI...

Family worried Ethiopian woman detained in China faces death penalty

By VOA,

Friends and family are fearing for the life of a 28-year-old Ethiopian woman who has spent more than three months in a Chinese prison on drug charges....

china

Micro-lender Key seeks additional Ksh.500M capital injection

By Kepha Muiruri,

Key Micro-finance Bank, formerly Remu, is seeking for Ksh. 500 million as additional capital injection from its shareholders, this to fund its planned...

Gregory Siro , Key Micro-finance bank , Luke Kinoti , Remu Micro-finance Bank

How Zimbabwe became world’s most expensive place to fuel a car

By CNN,

In the Fall of 2017, Zimbabweans took to the streets in mass protests against a regime that was presiding over a broken economy and collapsing living ...

Emmerson Mnangagwa , Zimbabwe

Tennessee killer says, ‘Let’s rock’ before state executes him with electric chair

By CNN,

A Tennessee man who murdered two people in 1984 was executed Thursday, becoming the first inmate in the United States in five years to die in an elect...

Edmund Zagorski , Electric chair , Execution , Tennessee killer , US Supreme Court

Co-op to invest in KMRC as half year profit hits Ksh7.1bn

By Citizen,

The Co-operative Bank of Kenya has become the first financial institution to declare its interest in injecting capital in the government’s planned m...

banking , Co-op , Cooperative Bank , Gideon Muriuki , government securities , Kenya Mortgage Refinance Company , KMRC , non-performing loans , Treasury

African Guarantee Fund eyes SMEs with Sh2.6bn funding kitty

By Citizen Team,

Small and medium sized companies are set to benefit from Ksh2.6 billion in funding from the African Guarantee Fund. The funding comes as a bridge f...

African Guarantee Fund , agro business , energy , interest rate cap , investment , SME , Trade , Traders , working capital

Argentina hoping it’s Messi’s year at World Cup

By AFP,

Twenty years ago Enrique Dominguez was coaching 10-year-olds at Newell's Old Boys in Argentina when he saw Lionel Messi for the first time. He remembe...

Lionel Messi , Russia 2018 , World cup

National Bank in pre-tax profit as State promises to inject Ksh.4.2B capital

By Citizen Reporter,

National Bank of Kenya is expected to receive a Ksh.4.2 billion capital injection from two of its leading shareholders The funds, to be disbursed b...

National Bank of Kenya , NSSF , Wilfred Musau

Uchumi faces auction over Sh67m debt

By Sophie Kinoti,

Struggling retailer Uchumi has 15 days to settle a Sh67.6 million debt to a supplier or face auction. Euromat limited, a local supplier has been gi...

auction , bailout , debt , Euromat Limited , retail , strategic investor , uchumi

President Kenyatta outlines six priorities for his second term

By Benjamin Muriuki,

President Uhuru Kenyatta was on Tuesday, November 28, 2017, sworn in for his second and final term in office at the Kasarani Sports Stadium in an even...

Jubilee manifesto , Uhuru Kenyatta sworn in , uhuru kenyatta's second term agenda , Uhuru outlines six priorities for his second term , Uhuru swearing in at kasarani , uhuru's second term

Uchumi narrows full year loss to Sh1.7bn

By Citizen,

Uchumi Supermarkets restructuring efforts have began bearing fruit with the retailer narrowing its full year to June loss by 39 percent. In the lat...

dispose non core assets , dividend , financial performance , full year results , government loan , Julius Kipng'etich , nakumatt , regional operations , restructuring plan , strategic investor , Uchumi supermarkets

ARM Cement opens search for a strategic investor

By Reuters,

ARM Cement is seeking a strategic investor to provide equity capital, the chief executive said on Friday, after its shares plunged following problems ...

ARM cement , ckinker , construction , Dangote Cement , debt , LafargeHolcim's Bamburi Cement , Pradeep Paunrana , strategic investor