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Tullow shy of 125,000 barrels to first crude shipment
By Kepha Muiruri,
1030, February 20, 2019 (EAT)
British based oil exploration and production company Tullow has announced plans to step up its evacuation of crude oil from Turkana to the Changamwe h...
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U.S. judge rules former Venezuelan oil minister owes $1.4B
By Reuters,
1615, February 15, 2019 (EAT)
A federal judge in Houston ordered a former Venezuelan oil minister this week to pay the owners of a defunct Houston oil company $1.4 billion in damag...
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Micro-lender Key seeks additional Ksh.500M capital injection
By Kepha Muiruri,
1904, February 4, 2019 (EAT)
Key Micro-finance Bank, formerly Remu, is seeking for Ksh. 500 million as additional capital injection from its shareholders, this to fund its planned...
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CBA to acquire 53% stake in merger with NIC Bank
By Kepha Muiruri,
1547, January 31, 2019 (EAT)
NIC bank has announced plans to handover up to 53 percent of its stake to the Commercial Bank of Africa (CBA) shareholders, setting the expected merge...
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Germany, France, Britain to launch mechanism for trade with Iran
By Reuters,
1309, January 31, 2019 (EAT)
Germany, France and Britain have officially set up a European mechanism to facilitate non-dollar trade with Iran and circumvent U.S. sanctions, two di...
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Karuturi loses court immunity in liquidation row
By Kepha Muiruri,
1151, January 26, 2019 (EAT)
Flower farm Karuturi Limited lost its battle to have the Supreme Court put up an injunction to stop Stanbic Bank Plc from attaching itself to company ...
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What Jeff and MacKenzie Bezos’ divorce could mean for Amazon
By CNN,
1753, January 13, 2019 (EAT)
Shortly after they were married, MacKenzie Bezos drove her husband, Jeff, across the country from New York to Seattle while he typed out a business ...
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French company’s takeover of KenolKobil in final stages
By Kepha Muiruri,
1747, January 11, 2019 (EAT)
French petroleum marketer Rubis Energie SAS could complete the takeover of KenolKobil as early as March 2019 following the acquisition of the necessar...
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Investors question Amazon’s future after Bezos announces divorce
By Reuters,
2129, January 10, 2019 (EAT)
Amazon.com Inc (AMZN.O) shares see-sawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his ...
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NIC Bank, Commercial Bank of Africa in merger talks
By Joseph Bonyo,
1817, December 6, 2018 (EAT)
NIC Bank and Commercial Bank of Africa trading as CBA have finally announced that they are holding talks for a merger. In a joint statement sent to...
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France’s Safran aims to topple U.S. rival as no.1 aerospace supplier
By Reuters,
1358, November 29, 2018 (EAT)
Safran unveiled ambitions to become the world’s leading aerospace supplier in 15 years, overtaking United Technologies, as it pledged a research and...
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Unilever CEO Polman to retire, replaced by beauty head Jope
By Reuters,
1358, November 29, 2018 (EAT)
Anglo-Dutch consumer goods company Unilever said its CEO Paul Polman was retiring, less than two months after a damaging row with shareholders, and wo...
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Investors caught in crossfire of fight for holiday shoppers
By Reuters,
1309, November 24, 2018 (EAT)
Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving...
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Nissan’s Ghosn arrested in Japan for alleged financial misconduct
By Reuters,
1852, November 19, 2018 (EAT)
Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic f...
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Nissan’s Ghosn to be ousted over financial misconduct allegations
By Reuters,
1842, November 19, 2018 (EAT)
Nissan Motor Co Ltd said it was ousting Chairman Carlos Ghosn for alleged financial misconduct and Japanese media reported he been arrested, a shockin...
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Mugo Kibati appointed Telkom Kenya CEO
By Citizen Reporter,
1605, November 9, 2018 (EAT)
Telecommunications company Telkom Kenya on Friday announced the appointment of Mugo Kibati as its new Chief Executive Officer. Mr. Kibati, the imme...
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Money Game: How top clubs clashed with rules on financial fair play
By Reuters,
1342, November 3, 2018 (EAT)
One of the most powerful men in soccer, Gianni Infantino, has long championed fairness in the world’s most popular sport. In public, the sports admi...
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Barclays picks Rothschild veteran Nigel Higgins as next chairman
By Reuters,
950, November 3, 2018 (EAT)
Barclays Plc (BARC.L) said on Thursday that Nigel Higgins, the deputy chairman of Rothschild & Co (ROTH.PA), would succeed John McFarlane as chair...
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Barclays picks Rothschild veteran Nigel Higgins as next chairman
By Reuters,
1314, November 2, 2018 (EAT)
Barclays Plc (BARC.L) said on Thursday that Nigel Higgins, the deputy chairman of Rothschild & Co (ROTH.PA), would succeed John McFarlane as chair...
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Coca-Cola’s low-sugar sodas, premium waters drive results
By Reuters,
2122, November 1, 2018 (EAT)
Coca-Cola Co’s quarterly revenue and profit beat analysts’ estimates on Tuesday, as investments to cater to changing consumer tastes paid off with...
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