Virgin Atlantic Boeing 787-9 © Boeing Thyme Opco, a company affiliated to Cyrus Capital, has acquired the brand and the remaining assets of flybe. (BE, Exeter ) and plans to revive the carrier as an "essential regional connectivity" provider, administrator EY said in a press release distributed to the British media. The value of the […]
Members of the public observe a one-meter distance as they visit a Safaricom mobile shop along Nairobi It was a rainy Monday evening on October 23, 2000 and all roads led to the Carnivore grounds, Nairobi. That evening, Kenya’s second mobile telecommunications firm Safaricom was officially launching its services under the tagline, The Better Option. […]
NAIROBI, Kenya, Oct 23 – Nabo Capital, a subsidiary of Centum Investment Company Plc, has launched a collective scheme that will provide up to 1.4 million boda boda riders with a tech-enabled savings and investments platform. The platform, launched today at Nairobi’s Pumwani Social Hall in an event presided by President Uhuru Kenyatta, will see […]
The Lake Turkana Wind Power (LTWP) became the third highest paid electricity producer in Kenya in its first year of operations. The firm, which operates a wind farm in Marsabit County, earned Sh11 billion in the year to June 2019 from the supply of electricity to Kenya Power. LTWP started operations in October 2018, which […]
Share Share on Pinterest Share on Facebook Share on Twitter Strathmore University has partnered with Standard Chartered Bank Kenya to launch the fourth cohort of the 2020 Women In Tech programme. 5 of the top emergent women-led businesses will qualify for the Ksh 5 million prize to bolster and revamp their business models. Strathmore University […]
NAIROBI, Kenya, Oct 8 – The Kenya Revenue Authority (KRA) has announced the appointment of Rispah Simiyu as the new Commissioner for Domestic Taxes. The new commissioner currently serves as the KRA Deputy Commissioner in charge of the Tax Dispute Resolution docket. According to the Authority’s Chair Francis Muthaura, Simiyu will be assuming her new […]
Co-operative Bank #ticker:COOP has hired management consulting firm McKinsey & Company to review its lending processes with an aim of reducing the risk of defaults. This is McKinsey’s second assignment at the lender that first hired it in 2014 to cut costs and transform the Nairobi Securities Exchange-listed firm into a digital bank. “This time […]
The Kenya Revenue Authority and Kenya Re-Insurance Corporation (Kenya Re) remain locked in a court battle over a Sh1.2 billion tax claim despite a directive by President Uhuru Kenyatta in July that State agencies withdraw all legal suits filed against each other. An annual report by Kenya Re, shows the taxman continues to pursue it […]
•The platform will see the boda riders build a nest egg by saving Sh50 per day. •The scheme will begin by enrolling 100 riders from each of the 47 counties, gradually building up to cover 1.4 million boda boda riders countrywide. Boda boda operators. Nabo Capital, a subsidiary of Centum Investment Company Plc, has launched […]
Nairobi Securities Exchange. FILE PHOTO | NMG Foreign investors at the Nairobi Securities Exchange (NSE) made Sh4.53 billion net sales in the third quarter of the year, although the volume of outflows halved compared to the second quarter. The investors made Sh10.25 billion net sales in the second quarter of the year. The Capital Markets […]
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