The Kenya Power and Lighting Company PLC (KPLC) has appointed retired Justice Aaron Ringera as its non-executive director. In a statement released on Wednesday, August 24, the company’s acting secretary …
German manufacturer Stihl has injected Sh500milion into its new Nairobi hub in a bid to support small-scale farmers acquire farming equipment in Kenya and East Africa at large. The manufacturer of …
National carrier Kenya Airways has trimmed its half-year loss to Sh9.9billion from a Sh11.5billion loss posted in the same period last year attributed to increased revenues. The Group’s total revenue …
Toyota Kenya has acquired a 35 per cent stake in solar installation company Ofgen for an undisclosed value, deepening the auto firm’s interest in the growing clean energy market and …
Runaway inflation, new taxes and depreciation of the shilling have hit hard manufacturers of fast-moving consumer goods, who are now warning of reduced profitability which will lead to job losses. …
Kenya has spent Sh71.17 billion to subsidize diesel, super and kerosene in the six months to June, highlighting the burden of the fuel stabilization scheme on the national budget. Consumption …
Businessman and co-founder of the IT firm SevenSeas Technology Limited, Michael Macharia, has won a Sh1.6 billion award against the government following a cancelled contract to wire 98 State hospitals. …
American digital bank UMBA recently acquired a majority stake in Daraja, a deposit-taking microfinance bank, in the latest purchase that has made the loss-making industry a target for acquisitions. The …
Investors are unwilling to lend the government billions of shillings in a push for higher interest rates, signalling a funding headache that awaits the incoming administration. The August Treasury bond …
Businesses in Nairobi have remained positive about resumption in activities as the election period comes to an end. This after a slowdown in activity since last week as most Nairobians …