President Uhuru Kenyatta has officially commissioned the Nairobi City Centre Gas Insulated Switchgear(GIS) 220kv/66kv substation. The project is fully funded by China Exim Bank at a cost of KES13.2bn through a 20-year concession. The Substation will enhance distribution capacity as a result of the introduction of 2 by 200MVA (400MVA) and will boost the city center … More Kenya Power unveils Insulated Switchgear(GIS) 220kv/66kv substation at Nairobi City center
The 7th edition of the Building African Financial Markets (BAFM) seminar has kicked off today, April 19,2018 at Villa Rosa Kempinski, Nairobi. The two day event has been organised by African Securities Exchange Association(ASEA) and is being hosted by the Nairobi Stock Exchange (NSE).
SBM bank Kenya has officially acquired 75 per cent of Chase Bank assets and deposits. This is after the Central Bank of Kenya and Kenya Deposit Insurance Corporation(KDIC) announced the signing of an agreement and conclusion of discussions that began early this year on how to revive the bank.
The government is set to begin construction of a crude oil pipeline from Lokichar to Lamu in the fourth quarter of the year. This is after Kenya plans to transport crude oil from Turkana to the port of Mombasa next month via its Early Oil Pilot Scheme (EOPS).
Andersen Global is proud to announce the debut of the Andersen name in Kenya as Nexus Business Advisory Limited, a tax and business advisory firm based in Nairobi, becomes a full member firm of Andersen Global. The launch continues Andersen’s strategic expansion across Africa, with Andersen Tax in Kenya becoming the second African firm to … More Andersen Tax Launches in Kenya
EABL, KenGen, Safaricom,KCB Group,Co-operative Bank and Britam will offer good return value, dividend yield and price discounting among others. … More OMS releases research on top picks 2018
EABC business excellence awards to reward feature and accolade private sector businesses, which have achieved distinction in various parts of their operations. … More EABC launches business excellence awards
This is an exciting moment for us. It fits within our strategy to attract corporate and high-end tourism traffic from the world to Kenya and Africa. We are honored to contribute to the economic growth of Kenya and East Africa.” said Kenya Airways Group Managing Director and CEO Sebastian Mikosz. … More Kenya Airways starts ticket sales for its non-stop daily flight to New York
Leading composite retailer, Tuskys Supermarket has inked amalgamation deal with troubled mega retail store, Nakumatt in efforts to rescue it from collapsing. … More Tuskys-Nakumatt supermarkets in merger deal
Central Bank of Kenya is set to revoke the law capping interest rates because it has had negative effects towards the economy. … More CBK to repeal interest rates cap
Longhorn Publishers Limited reported a group sales of Kshs 1.5bn, an increase of 77 per cent compared to the 2014-2015 financial year. The group attributed its performance to growing export sales, improved local performance and uptake of school reference materials. It also reported a pre-tax profit rising to 43 per cent. This results were announced … More Longhorn reports Kshs 1.5bn in profits for 2015-2016 financial year
Co-operative Bank of Kenya has partnered with Asili Sacco Society to offer an EFT(Electronics Fund Transfer) and Salary Processing solution. Dubbed Salary 360 Salary processing solution, it will assist in processing salaries and EFTs for SACCO members directly to their FOSA(Front Office Service Activity) accounts in a seamless and timely manner.
Nairobi –Nakuru Highway has been ranked by a British firm to be among 22 most dangerous roads to drive on around. From a report released by the firm said “drivers are to blame not the conditions of the road on the main Nairobi-Nakuru highway. In 2010, Africa was referred to as the most dangerous region … More Nakuru highway ranked most dangerous road in Kenya