Study says actual number of COVID-19 cases is far greater than thought

By CNN,

The number of people who have had COVID-19 is much greater than the official case count, according to data and a new analysis released by the US Cente...

corronavirus

GITAHI: Brace yourselves, it’s going to be months of social distancing in Kenya

By Guest Writer,

The coronavirus pandemic is not a short term social disruption but it is going to take months before our lives go back to normal and start social gath...

coronavirus , distancing

Struggling St. Joseph confident of evading the chop

By Dan Ogega,

St Joseph's Youth FC head coach Collins Omondi has said his team is keen to build on a recent run of good form to steer away from the National Super L...

Collins Omondi , National Super League , St. Joseph

Uchumi creditors vote to save retailer from sudden death

By Kepha Muiruri,

Uchumi creditors have voted to spare the lender from imminent dissolution by backing the firm’s proposed company voluntary agreement (CVA). The p...

liquidation , uchumi

Sanlam sells off Ksh.450 million property

By Kepha Muiruri,

Insurer Sanlam sold off a property worth Ksh.450 million in  December 2019 as it sought to cut its exposure to the struggling real estate industry. ...

Sanlam Insurance

Uchumi’s agony as High Court sets repeat creditors vote.

By Kepha Muiruri,

Uchumi’s recovery plan is back to square one with the High Court giving directions on the holding of a second vote on the company’s voluntary agre...

Mohamed Mohamed , uchumi

Sanlam bounces back with Ksh.114 million full year profit

By Kepha Muiruri,

Insurer Sanlam has quickly turned round its fortunes by posting a Ksh.114.4 million profit for the 2019 financial year to return from a Ksh.2 billion ...

Patrick Tumbo , Sanlam

Inside Treasury’s fresh public debt management strategy

By Kepha Muiruri,

The National Assembly granted Treasury the green light to move Kenya’s borrowing ceiling to Ksh.9 trillion last Wednesday igniting the planning mini...

IMF , Kenya's public debt , National Treasury , World Bank

HF Group posts Ksh.97 million half-year loss

By Kepha Muiruri,

The Housing Finance (HF) Group has reported a Ksh.97 million loss for the first six months of operations in 2019. The loss which is against a narro...

Housing Finance

Uchumi suppliers agree to forfeit Ksh.2.5B owed to them

By Kepha Muiruri,

Suppliers of troubled Uchumi supermarkets have agreed to forfeit Ksh.2.5 billion debt owed to them as part of a proposed recovery plan for the retaile...

Uchumi supermarkets

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...

Barclays picks Rothschild veteran Nigel Higgins as next chairman

By Reuters,

Barclays Plc (BARC.L) said on Thursday that Nigel Higgins, the deputy chairman of Rothschild & Co (ROTH.PA), would succeed John McFarlane as chair...

Barclays Plc , Rothschild

Barclays picks Rothschild veteran Nigel Higgins as next chairman

By Reuters,

Barclays Plc (BARC.L) said on Thursday that Nigel Higgins, the deputy chairman of Rothschild & Co (ROTH.PA), would succeed John McFarlane as chair...

Barclays Plc , John McFarlane , Nigel Higgins , Rothschild & Co

Durant steers Warriors past Spurs, Sixers advance

By AFP,

Kevin Durant scored 25 points as the Golden State Warriors powered into the Western Conference playoff semi-finals with a 4-1 series victory over the ...

Golden State Warriors , Kevin Durant , Oracle Arena

Uchumi upbeat about recovery despite CEO exit

By Citizen,

Uchumi Supermarkets management has downplayed any negative impact following the abrupt exit of chief executive officer Julius Kipng’etich. Accord...

Andrew Dixon , creditors , Julius Kipng'etich , retail , strategic investor , suppliers , uchumi

Mumias Sugar loss widens 42pc to Sh6.7bn

By Citizen,

Mumias Sugar Company has reported a 42 percent widening of its full year result despite ongoing efforts to restore the sugar miller. In the period ...

agriculture and food authority , cane availability , Cane Poaching , dividend , electricity sales , ethanol , government bailout , Kennedy Ngumbau , KENYA POWER , Mumias Sugar Company , shareholders , Sugar , Treasury

Standard Chartered issues profit warning as Q3 profit drops 38pc

By Citizen,

Standard Chartered Bank Kenya has issued a profit warning for its full year performance attributing it to a rise in nonperforming loans. The profit...

bank , customer deposits , Interest Income , interest rate cap , Lamin Manjang , loan recovery strategy , non-performing loans , profit warning , Standard Chartered , third quarter results

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

Uchumi taps former Nakumatt Exec. Dixon as COO

By Citizen,

Listed retailer Uchumi Supermarkets has appointed Andrew Dixon as its chief operating officer (COO) as it continues to tie up its revival plans. Mr...

Andrew Dixon , Julius Kipng'etich , nakumatt , nse , retail , strategic investor , Tesco , turnaround strategy , uchumi

Former Tesco exec exits Nakumatt

By Patrick Igunza,

Nakumatt Holdings chief marketing officer Andrew Dixon has left the struggling retailer barely ten months after his appointment. The former executi...

Andrew Dixon , Bidco Africa , Merger , nakumatt , retail , Tesco , Thiagarajan Ramamurthy , Tuskys