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Jack Ma to step down from Alibaba
By CNN,
1137, September 10, 2018 (EAT)
Jack Ma, a billionaire pioneer of China's internet industry, will step down as Alibaba's executive chairman next year to make way for the company's ne...
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Girona v Barcelona in U.S. almost certain
By Reuters,
1526, September 7, 2018 (EAT)
La Liga chief Javier Tebas has said there is a 90 percent chance the first Spanish top flight game in the United States will be Girona’s ‘home’ ...
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BWIRE: Bribery in the private sector is graft, not economic crime
By Victor Bwire,
1736, August 19, 2018 (EAT)
The ongoing purge on corruption in Kenya now needs to extend to strengthen the legal framework that enhance business integrity, outside the public sec...
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KCB to finalize Imperial Bank deal in September, posts Ksh12bn HY profit
By Reuters,
1453, August 16, 2018 (EAT)
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...
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Affected by demolitions? Kenya Police sets up special desk
By Citizen Reporter,
1958, August 10, 2018 (EAT)
The Kenya Police Service has set up a special desk to serve those who have been affected by the ongoing demolitions together with those whose property...
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Usmanov accepts rival Stan Kroenke’s bid for Arsenal
By Agencies,
1855, August 7, 2018 (EAT)
Arsenal shareholder Alisher Usmanov says he will accept rival Stan Kroenke's bid to buy him out for £550m and take full control of the club. Ameri...
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Kroenke wins KSh231 billion Arsenal ownership deal
By Reuters,
1313, August 7, 2018 (EAT)
American billionaire Stan Kroenke has struck a deal to take Arsenal private by buying out Russian rival and minority investor Alisher Usmanov in a mov...
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Kenya Airways weighs future as a listed firm
By Mumbi Warui,
930, August 2, 2018 (EAT)
Conversations over the future of Kenya Airways at the Nairobi Securities Exchange (NSE) are gathering pace. While the airline does not view this as...
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Central Bank seeks Imperial Bank receivership extension
By Citizen Reporter,
843, July 27, 2018 (EAT)
The Central Bank of Kenya (CBK) will next week move to court to seek an extension on its control of Imperial Bank. Speaking to a section of deposit...
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KCB left as sole bidder for Imperial Bank acquisition
By Citizen Reporter,
1846, July 24, 2018 (EAT)
Imperial Bank is set to have a new anchor shareholder to lift it out of a close to three year receivership. This as KCB Kenya has emerged as the le...
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Investor group opposes GE plans for Kenyan power plant
By Reuters,
911, July 23, 2018 (EAT)
A group of investors in U.S. conglomerate General Electric (GE) has publicly opposed its plans to buy a stake in a Kenyan coal-fired plant, claiming t...
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Seaboard fails to buy enough shares to seal Unga deal
By Reuters,
1342, July 20, 2018 (EAT)
Hog producer Seaboard Corporation has failed to buy out the three quarters of minority shareholders in Kenyan agro-processor Unga Group that would hav...
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Govt rules out Uchumi bailout
By Mumbi Warui,
1739, July 10, 2018 (EAT)
Uchumi Supermarkets is staring at a bleak future with the government ruling out pumping in more money to revive the struggling retailer. Uchumi, wh...
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ARM Cement counts on shareholder loans for revival
By Reuters,
854, June 28, 2018 (EAT)
ARM Cement will rely on short-term loans from shareholders to lift production back to capacity and seek a deep-pocketed strategic investor, its chief ...
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Seaboard upbeat on Unga buyout plans
By Citizen Reporter,
1344, June 11, 2018 (EAT)
American conglomerate Seaboard has expressed confidence that its offer to buy the minority shares in Unga Group will result in it achieving a sufficie...
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Treasury seeks mortgage agency transaction advisor
By Citizen,
1134, May 18, 2018 (EAT)
The formulation of the Kenya Mortgage Refinancing Company (KMRC) is nearing its tail end as government closes in on the final stages of the implementa...
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Bloggers win court order stopping State crackdown
By Reuters,
1852, May 4, 2018 (EAT)
Tanzanian bloggers and rights activists won a temporary court injunction on Friday against a government order to register their online platforms that ...
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Bloggers given two-week deadline to pay Ksh.90,000
By Reuters,
1327, April 24, 2018 (EAT)
Tanzania's communications regulator has given bloggers two weeks to register their platforms under strict new online content rules, amid concerns that...
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Smallscale tea farmers forecast 10pc output jump
By Reuters,
1634, April 6, 2018 (EAT)
Tea production by small-scale farmers in Kenya is expected to jump 10 percent in the year to the end of June, as output recovers from a drought that h...
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National Bank in pre-tax profit as State promises to inject Ksh.4.2B capital
By Citizen Reporter,
2057, March 28, 2018 (EAT)
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...
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