Former EACC boss Halakhe Waqo to be grilled over KEMSA scam

By Sam Ogina,

Former Ethics and Anti-Corruption boss Halakhe Waqo is set to appear before the National Assembly’s Public Investments Committee over the KEMSA scan...

coronavirus , EACC , Face masks , Halakhe Waqo , KEMSA

Carbacid’s offer for BOC opens amidst pushback on price

By Kepha Muiruri,

Carbacid Investments offer to acquire BOC Kenya (BOCK) has opened without amendments to its valuation of the company. Carbacid alongside its Aksaya...

BOC Kenya , Carbacid Investments , mergers and acquisitions

WPP Scangroup CEO Bharat Thakrar suspended over alleged gross misconduct

By Citizen Reporter,

WPP-Scangroup Chief Executive Officer Bharat Thakrar and the Chief Finance Officer Satyabrata Das have been suspended. The Board of Directors said ...

Bharat Thakrar , Scangroup

Bitcoin: Dawn of new era

By Citizen,

The worth of it rises to the sky when the world’s richest man, Elon Musk, the owner of the tesla company claims the use of bitcoin also that he will...

BAT profit rises by 41pc to Ksh.5.5B on lower costs, taxes

By Kepha Muiruri,

BAT Kenya has announced a 41 per cent growth in profit for the year ended December 31, 2020 to Ksh.5.5 billion from Ksh.3.9 billion in 2019. The hi...

BAT Kenya

Safaricom’s share rallies to new high, again after surprise dividend pay

By Kepha Muiruri,

Safaricom’s share price has rallied to yet another high after the declaration of a surprise interim dividend on Thursday. The stock price touched...

nse , Safaricom

Protests in Kisii over change in Mzee Simeon Nyachae’s funeral venue

By Chrispine Otieno,

Residents from Nyanturago in Kisii County on Thursday staged a demonstration against decision to move Mzee Simeon Nyachae's funeral venue. Also Rea...

Nyachae

Safaricom shrugs virus concerns to declare Ksh.18B shareholder pay

By Kepha Muiruri,

Leading telecom operator Safaricom has shrugged off virus concerns on operations to approve a Ksh.18.03 billion half year dividend pay out to sharehol...

coronavirus , Safaricom

Kengen pays Ksh1.15B to National Treasury as 2019 dividend

By Citizen Reporter,

Leading power producer Kenya Electricity Generating Company PLC (KenGen) on Tuesday paid the National Government Ksh. 1,153,856,022 in dividends for t...

kengen

Carbacid’s planned takeover of BOC hit by delays

By Kepha Muiruri,

The takeover of BOC Kenya by Carbacid Investments has run into new headwinds with BOC yet to serve its shareholders with the takeover offer documents....

BOC Kenya , Carbacid Investments

Former Cabinet Minister Simeon Nyachae to be buried on Monday next week

By Ian Omondi,

Former Cabinet Minister Simeon Nyachae will be laid to rest at a private ceremony next week on Monday, February 15, 2021 at his home in Nyosia Village...

Charles Nyachae , Kisii County , Simeon Nyachae

Former Cabinet Minister Simeon Nyachae dies at 88

By Citizen Reporter,

Former Cabinet Minister Simeon Nyachae has died at 88 years. His family issued a statement on Monday saying he died at the Nairobi Hospital after a...

Nyachae

Housing Finance secures Ksh.1B from shareholder Britam

By Kepha Muiruri,

Lender Housing Finance has received Ksh.1 billion in new funding from on of its major shareholders in Britam Holdings. The tier II capital injectio...

Britam , Housing Finance

Dr. Benson Irungu Wairegi to retire as Britam MD

By Citizen Reporter,

Dr. Benson Irungu Wairegi is set to retire as Britam Holdings Plc Group Managing Director effective 31st January 2021. Company chairman Andrew Holl...

Britam , wairegi

Co-op joins queue of banks expecting significant profit hits

By Kepha Muiruri,

The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Frid...

Co-operative Bank of Kenya , profit warnings

Equity Group Holdings to merge with Banque commerciale du Congo

By Citizen Reporter,

Equity Group holdings Plc (EGH) has received regulatory approval to merge Equity Bank Congo (EBC) and BCDC to form a new bank. Going forward, the n...

Banque commerciale du Congo , Equity

KTDA declares Ksh.734M dividend for tea farmers

By Citizen Reporter,

The Kenya Tea Development Agency (Holdings) Limited on Friday declared a Ksh. 734million dividend for its smallholder tea farmers for the financial ye...

KTDA , tea farmers

I&M shareholders approve buyout of Ugandan bank

By Kepha Muiruri,

I&M Holdings Plc has obtained shareholders’ approval to acquire a 90 per cent controlling stake in Orient Bank Limited, Uganda. The nod suppo...

I&M bank

Take charge of the country’s destiny, Uhuru tells Kenyan youth

By PSCU,

President Uhuru Kenyatta has asked Kenyan youth to stop shying away from pertinent national issues saying time had come for them to take charge of the...

Uhuru

Kenya Airways resumes direct U.S. flights

By Kepha Muiruri,

National carrier Kenya Airways (KQ) has resumed direct flights to the United States effective Sunday ending a near-11-month hiatus. The carrier had...

Kenya Airways , Kilavuka