Retail-tech start-up Wasoko is not planning to relocate its headquarters from Nairobi for Zanzibar. The firm was responding to allegations that it was planning to move its operations to the …
Kenya News
-
EconomyKenya NewsTechnology
-
AfricaBusinessEconomyEthiopiaFinance & ServicesKenya NewsSafaricom
Safaricom Consortia To spend Sh36.3 Billion Annually In Safaricom Ethiopia
Safaricom consortia will spend Sh36.3 billion ($300 million) annually in Safaricom Ethiopia. Safaricom Chief Executive Officer (CEO) Peter Ndegwa said the amount will be invested every year. This comes at …
-
Banking, Finance & InvestmentBusinessEconomyKenya News
Central Bank of Kenya bags Sh68bn forex gain from weaker shilling versus
The significant weakening of the shilling versus the dollar handed the Central Bank of Kenya (CBK) an unrealized exchange gain of Sh68 billion on its forex holdings in the year …
-
BusinessEconomyKenya NewsManufacturing
KRA to collect extra Sh3 billion from beer, juice and water taxes
The taxman projects that the recent increases in excise duty as a result of inflation adjustments will net an additional Sh3 billion in revenues, even as manufacturers brace for lower …
-
AirtelBusinessEconomyKenya NewsMarketsSafaricomTelecommunications
Safaricom plan To convert Into a New Holding Company that will house the telecommunications business
Kenya’s largest and most profitable company Safaricom plans to convert into a holding company that will house the telecommunications business, the M-Pesa Mobile money business and Ethiopian unit as subsidiaries. …
-
AgricultureBusinessEconomyKenya NewsUncategorized
Governor Orengo Tells Siaya Residents to embrace Agribusiness in order to boost food security
Siaya governor, James Orengo has challenged the local residents to embrace agribusiness so as to boost food security and tackle rampant poverty. Mr Orengo lamented that though the county and …
-
BusinessEconomyKenya NewsMarketsSafaricom
Safaricom executives get Sh390 million free shares as a compensation for the past performance
Senior Safaricom managers were awarded 15.28 million shares with a current market value of Sh390 million for free in the year ended March as compensation for past performance. The employees …
-
BusinessINVESTMENTKenya NewsReal Estate
Musalia Mudavadi reveals Absa bank and First Assurance stake in Sh4bn wealth
Properties in upmarket Riverside Estate, shares in Absa Bank and First Assurance Company Limited account for the largest share of nominee for Prime Cabinet Secretary Musalia Mudavadi’s net worth of …
-
BusinessEconomyKenya News
Toyota Kenya Limited set to expand it’s services across the country to bring car closer to car owners
Motor dealer Toyota Kenya Limited seeks to expand its countrywide dealership to reach more customers in under-served areas. The firm is looking for auto dealers/garage owners in Namanga, Narok, Naivasha …
-
AirtelBusinessKenya NewsTechnologyTelecommunications
40 Million SIM Cards Registered To stop Illegal Mobile Phones Lines In Kenya
Over 40million sim cards have been registered in the country as at last Saturday, October 15 when the campaign to register all mobile phone SIM cards ended, bringing to a …