Articles by Karen Mwaniki

Eveready forecasts full year loss

1537, September 8, 2016 (EAT)

Eveready East Africa is expected to sink further into losses, with the battery maker warning shareholders and investors that its full year earnings ar...

Kenya sets Ksh 3B for compiling geological map

847, August 30, 2016 (EAT)

The Ministry of Mining has received Ksh 3 billion from the government to compile a new geological map detailing available pockets of minerals and thei...

NSE H1 profit down 54pc as bear run bites

1705, August 23, 2016 (EAT)

The Nairobi Securities Exchange’s (NSE) half year profit has dipped 54 percent for the period ended June, as investors shy away from the capital mar...

Longhorn posts Sh104m full year profit

1805, August 19, 2016 (EAT)

Market expansion and product diversification has lifted longhorn Publishers full year profit. During the period ended June 2016, the publisher made...

KBA classifies 40pc of borrowers as high risk

907, August 19, 2016 (EAT)

The Kenya Bankers Association (KBA) estimates that 40 percent personal loan borrowers are considered moderate, high and very high risk clients who wou...

KETRACO completes Sh1.3b transmission line to Konza City

1634, August 9, 2016 (EAT)

The Kenya Electricity Transmission Company (KETRACO) has completed a 12 kilometer power line linking the 73 megawatt Konza City substation to ease pow...

Airtel reintroduces Airtel Money Visa card

1316, August 9, 2016 (EAT)

Telecom operator Airtel has reintroduced its Airtel Money Card back into the market in a bid to give customers access to funds. This comes as the c...

Safaricom hires former Equity executive to head M-Pesa

1748, August 8, 2016 (EAT)

Safaricom has hired Ron Webb as its new Director of Financial Services, replacing Betty Mwangi who left the firm in March. Mr Webb joins the listed...

Interest Bill could reverse gains in financial markets, banks warn

1836, August 3, 2016 (EAT)

All eyes are fixed on President Uhuru Kenyatta who is expected to either assent or reject the Banking (Amendment) Bill, 2015 that seeks to p...

KEPSA renews calls for peaceful election

1924, August 1, 2016 (EAT)

The Kenya Private Sector Alliance (KEPSA) has yet again reached out to the political class to call for peaceful elections in 2017. With the country...

Uber slashes prices in bid to attract customers

1841, July 28, 2016 (EAT)

Taxi hailing company, Uber, has slashed its charges in Nairobi by 35 percent in response to mounting competition from local rivals that have entered t...

President calls for review of contracts with IPPs

2028, July 27, 2016 (EAT)

President Uhuru Kenyatta has called for a review of power purchase agreements (PPAs) signed between Kenya Power and independent power producers (IPPs)...

Safaricom cuts international roaming costs

1948, July 26, 2016 (EAT)

Telecom operator has signed an agreement with over 200 global operators that will allow it to slash roaming charges for both voice and data. Throug...

Wananchi taps Safaricom’s Genue Mwaura as new CFO

941, July 26, 2016 (EAT)

The Wananchi Group has appointed former Safaricom head of finance operations and investor relations Genue Mwaura as the new chief finance officer. ...

NCA suspends projects with deep excavation

1139, July 25, 2016 (EAT)

The National Construction Authority (NCA) has suspended all building works in the country for projects that exceed excavations of 4.5 meters. With ...