A Kenya Airways plane at JKIA. The Aviation Workers’ Union wants KQ bosses jailed for contempt. PHOTO | DIANA NGILA Kenya Airways management is facing contempt charges, with the Aviation Workers Union (Kawu) accusing it of recruiting staff on short contracts and less pay against a court order. The union claims that KQ has hired […]
Category: Nairobi Stock Exchange
Tanzania’s SGR on track after govt secures $1.46b more for project
Tanzania’s Minister of Transport Isack Kamwelwe, leads a high-profile team to inspect progress of the standard gauge railway at Soga area. PHOTO | FILE | NATION MEDIA GROUP On Thursday, the government signed a facility agreement with Standard Chartered Bank for a $1.46 billion loan to finance the construction of the first and second phases […]
CBK, Treasury seek law to tame runaway digital loans
The Central Bank of Kenya (CBK) and the Treasury are preparing a law that will for the first time cover digital mobile lenders in fresh efforts to curb their exorbitant monthly interest rates. CBK Deputy Governor Sheila M’Mbijjewe Thursday said that the draft Bill on financial regulations targeted at digital lenders will be ready in […]
NSE appoints consultant to grow data business
Nairobi Securities Exchange. FILE PHOTO | NMG The Nairobi Securities Exchange #ticker:NSE (NSE) has appointed SCL Advisory Limited to help expand customer base for its data business and shore up revenues from this stream beyond the current level of below Sh30 million per year. The bourse announced Friday that SCL will advise it on expanding […]
EABL eyes banks to retire Sh5bn bond
From left: EABL Group chairman Martin Oduor-Otieno, managing director Andrew Cowan, his Kenya Breweries Limited counterpart Jane Karuku and EABL dinance and strategy director Gyorgy Geizsl during the EABL half year results announcement on January 31. PHOTO | SALATON NJAU East African Breweries Limited (EABL) #ticker:EABL will use banks to refinance the Sh5 billion bond […]
EABL finance director Gyorgy Geiszl exits after five years
East African Breweries Limited (EABL) group finance director and head of strategy Gyorgy Geiszl is set to leave the brewer in June after the parent company, Diageo, recalled him for senior role. His exit will bring to an end five-year stay at EABL, having joined in October 2015 to take the place of the then […]
Snow and Indiza earn huge pay out
EABL Marketing & Innovations Director Graham Villiers-Tuthill presents a dummy cheque to pro golfers Dismas Indiza (L) and Greg Snow (R) during the sponsorship announcement at the KBL offices. Kenya Breweries Limited through Johnnie Walker yesterday announced a payment of Sh3.2 million as sponsorship and prize award to Muthaiga Golf Club’s pro golfer Greg Snow […]
Recent Poor Internet Connections in Kenya Linked to Faulty Undersea Cables in West Africa
The past two or three days have been marked by poor internet connections as reported by many people across various social media channels. The degraded services, as we have come to learn, have been caused by several submarine cable cuts in West Africa. Cable downtime has also been reported between Mombasa and Djibouti. According to […]
Sameer Africa To Fire 52 Employees In February
If you thought the year 2020 will be friendly to both the employed and the job seekers, you better think again because this year seems determined to “end in tears” as many companies prepare to lay off their employees. Car tyre distributor Sameer Africa has announced that it will be laying off 52 employees starting […]
Tyre distributor Sameer Africa to sack 52 employees next month
Tyre distributor Sameer Africa will from February 1 start laying off 52 employees as it struggles to survive, deepening the job crisis in Kenya’s corporate scene. FILE PHOTO | NMG Tyre distributor Sameer Africa will from February 1 start laying off 52 employees as it struggles to survive, deepening the job crisis in Kenya’s corporate […]