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Cytonn shelves listing plan, cites depressed stock market
By Kepha Muiruri,
1003, November 28, 2019 (EAT)
Alternative investments firm Cytonn has put off its public listing plan citing the continued depressed performance of company stocks. The firm whic...
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KCB, Co-op Bank write off Ksh.656 million Uchumi debt
By Kepha Muiruri,
1032, November 11, 2019 (EAT)
KCB and Cooperative bank have agreed in principle to write off a combined Ksh.655.5 million in outstanding credit to the debt-strapped Uchumi Supermar...
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KCB fires all Mumias Sugar staff
By Kepha Muiruri,
1821, November 5, 2019 (EAT)
The KCB Group has terminated all Mumias Sugar Company employee contracts backdating the implementation of the layoffs to September 20. In a press s...
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Consolidated Bank bond holders agree to revised payment date
By Kepha Muiruri,
1543, September 5, 2019 (EAT)
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...
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CMA kicks off search for Muthaura’s replacement
By Kepha Muiruri,
1001, September 3, 2019 (EAT)
The board of the Capital Markets Authority (CMA) has commenced its search for a new Chief Executive Officer on behalf of the markets regulator. The...
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Stanbic remains tight-lipped on staff layoffs
By Kepha Muiruri,
932, August 9, 2019 (EAT)
Stanbic Group has remained mum on the impending staff layoffs even as its proposed voluntary early retirement (VER) scheme employee submission window ...
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Tuskys shops for Strategic Investor in public listing bid
By Kepha Muiruri,
2121, August 1, 2019 (EAT)
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...
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Nairobi CBD building owners now given 14 days notice
By Wambui Kihara,
1310, July 17, 2019 (EAT)
The Nairobi City County Government will now take stern action against owners of properties within the Central Business District who will not have repa...
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Facebook to be fined Ksh.500B over Cambridge Analytica scandal
By CNN,
1018, July 16, 2019 (EAT)
The Federal Trade Commission has reportedly approved an approximately $5 billion settlement with Facebook, suggesting a lengthy investigation into the...
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Software Group Africa appoints new CEO
By Citizen Reporter,
1334, June 30, 2019 (EAT)
Software Group, a global software company that provides digital financial solutions with African operations run from Kenya, has appointed Connor Hanan...
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All hands on deck: Rotich assures Parliament of proper checks on KCB-NBK deal
By Kepha Muiruri,
1836, June 27, 2019 (EAT)
The National Treasury has defended its position on perceived laxity under the ongoing procedures in the acquisition of the National Bank of Kenya (NBK...
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Centum to sell soda business stake to Coca-Cola in Ksh.19B deal
By Kepha Muiruri,
930, June 13, 2019 (EAT)
Centum Investment Limited has entered an agreement which if successful will see the firm relinquish its entire stake in the soft drinks business to Co...
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China,United States face off in Djibouti as world powers fight for influence in Africa
By CNN,
851, May 28, 2019 (EAT)
A dirt track at Djibouti's Doraleh Port leads to a series of unassuming single-story buildings that, earlier this year, hosted the world's two superpo...
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Trump’s new tariff threat could make iPhones, toys and shoes more expensive
By CNN,
1222, May 10, 2019 (EAT)
They could all get more expensive if President Donald Trump follows through on his threat to expand tariffs on Chinese imports to include an additio...
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After data scandals, Australia faces an election under heavy profiling
By Reuters,
1348, May 5, 2019 (EAT)
Australian political parties are using voter email addresses to find matching social media profiles then combining them with the country’s compulsor...
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Exclusive: Gold worth billions smuggled out of Africa
By Reuters,
1004, April 24, 2019 (EAT)
Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to m...
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Censorship pays: China’s state newspaper expands lucrative online scrubbing business
By Reuters,
1214, March 28, 2019 (EAT)
People.cn, the online unit of China’s influential People’s Daily, is boosting its numbers of human internet censors backed by artificial intellige...
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Kenya to allocate Uganda land in Naivasha
By Gloria Magudha,
1251, March 28, 2019 (EAT)
President Uhuru Kenyatta has said Uganda will be allocated land in Naivasha to build a dry port for its cargo to ease the cost of transporting goods b...
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New Kazakh leader hands Nazarbayev’s daughter key post
By Reuters,
810, March 21, 2019 (EAT)
Kazakhstan’s new president Kassym-Jomart Tokayev handed the key post of senate speaker on Wednesday to a daughter of his predecessor Nursultan Nazar...
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President Kenyatta and French’s Macron unveil Peugeot car assembled in Kenya
By Benjamin Muriuki,
2115, March 13, 2019 (EAT)
President Uhuru Kenyatta and French President Emmanuel Macron on Wednesday unveiled the Peugeot 3008, one of the models locally assembled in Kenya by ...
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