Central Bank of Kenya Governor Patrick Njoroge. You are walking to the parking lot one afternoon from the office when you bump into a crazy offer of one of those shoes that you always wanted for yourself. Prices have been halved; unbelievable. You are about to pull out your credit card then you remember that […]
"Governance at the heart of investment decisions of African fund managers" Governance, good regulation and availability of market data and prices help African fund managers decide on investing into other African markets, according to a survey of 50 African asset-managers for the African Exchanges Linkage Project (AELP) project. Key factors when they choose new markets […]
Nairobi Securities Exchange Board has appointed Kiprono Kittony as the board chairman. The former chairman of Kenya National Chamber of Commerce and Industry will replace Samuel Kimani, who resigned after serving at the helm since 2016. Mr Kittony ( pictured ) is also chairman of Radio Africa Group as well as chief executive of Capital […]
Tanzania has banned Kenya Airways (KQ) flights from flying to its airports. This is in response to Kenya’s decision to exclude Tanzania from the list of countries whose passengers are allowed to travel to Kenya as international flights resume in the country on Saturday. Tanzania Civil Aviation Authority Director General Hamza Johari in a letter […]
Kenya Airways cabin crew wait to welcome passengers in Nairobi, Kenya, on July 15. Kenya Airways Plc will resume flights to Tanzania after talks by the two nations’ transport ministers, rescinding a decision by the country’s Civil Aviation Authority. The Tanzanian regulator had canceled plans to allow the airline to resume flights because it said […]
Safaricom, it appears, is intricately intertwined with Michael Joseph ( pictured ). The founding chief executive of the telecommunications firm that he helped to become a regional giant from an offshoot of Telkom Kenya has never left the corridors of the company. Even after retirement as CEO a decade ago, Joseph has been playing critical […]
When Nicholas Nganga ( pictured ) was named Safaricom’s board chairman in January 2007 as Wilson Ndolo Ayah’s successor, the company was at its infancy. The number of mobile subscribers on the network stood at 6.08 million at the time with total revenues at Sh47.4 billion and after-tax profit at Sh12 billion. It was however […]
Energy Cabinet Secretary Charles Keter. FILE PHOTO | NMG Five non-executive directors of Kenya Power representing half of the board on Monday resigned without the electricity distributor announcing their replacement. The Nairobi Securities Exchange-listed firm said Adil Khawaja, Kairo Thuo, Wilson Kimutai Mugung’ei, Brenda Kokoi and Zipporah Kering had resigned as independent directors. The company […]
Mergers and acquisitions (M&A) have decreased across Africa in the first half of 2020 in terms of both volume and value, with some exceptions in Nigeria. Going forward, dark clouds remain over the M&A market in Africa in the short-term, with economic uncertainty likely to cause a reduction in foreign investment. However, recent developments regarding […]
Central Bank of Kenya Governor Patrick Njoroge. You are walking to the parking lot one afternoon from the office when you bump into a crazy offer of one of those shoes that you always wanted for yourself. Prices have been halved; unbelievable. You are about to pull out your credit card then you remember that […]
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