Kenyan female CEOs: Dr Jennifer Riria, Rebecca Miano, Kendi Ntwiga and Nasim Devji. Here’s a list of 10 Kenyan companies led by female CEOs in 2022. Leading the pack is the 1946-founded Kenyan bank, DTB Kenya. The bank’s current CEO is Nasim Devji. Devji serves as a Managing Director and the Group CEO at the […]
Mary MM/Shutterstock.com For over 16 years African Business has been running an annual ranking of Africa’s 250 Top Companies, taking the top listed companies from national and regional stock exchanges across Africa. In this article we focus on the top 20 companies from East Africa in 2021. East Africa is seen as as a trailblazer […]
NSE Market watch board . [Jonah Onyango, Standard] Local investors have bought an additional Sh11.36 billion KCB shares in two years to March 2022, cutting foreigners’ stake to 10.77 per cent. KCB’s regulatory filings show that local individual and institutional investors, including the National Social Security Fund (NSSF) had between March 2020 to last month […]
Kenya has allocated $3.28 billion for external debt repayment in the 2022/2023 fiscal year. PHOTO | FILE Kenya borrows externally in five major currencies — 67 percent in dollars, 19 percent in euros, six percent in Japanese yen, six percent in Chinese yuan and two percent in pound sterling. Last year, Kenya’s external debt was […]
Nairobi — The International Monetary Fund (IMF) staff has reached an agreement to advance Sh28 billion loan to Kenya as part of the 38-month IMF’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF)financed program. The agreement is the third review of the economic policies program which took place between March 31 and April 22. […]
Investors on the Nairobi Securities Exchange (NSE) #ticker:NSE have seen their paper wealth decline by Sh51 billion since the start of this month as foreign investors continued to flee the market. The market capitalisation opened at Sh2.43 trillion in April and had dropped to Sh2.37 trillion as of Tuesday. Russia’s invasion of Ukraine, profit-taking and […]
Beer production line at the EABL plant in Ruaraka, Nairobi on October 9, 2019. PHOTO | JEFF ANGOTE | NMG East African Breweries Limited (EABL) says it will increase the prices of its alcoholic products including beers and spirits if the Treasury implements a proposal to raise excise taxes on the products. EABL managing director […]
Kenya Airport Authority (KAA) has awarded a tender for the construction fuel depot at Kisumu International Airport to Vivo Energy Kenya. The proposed location is at the airside at the former Total aviation Fuel Depot. According to Kisumu International Airport manager Selina Gor, this will be the only depot that will be based within an […]
African airlines have continued to post growth in passenger numbers as more countries open up their economy after years of Covid-19 restrictions that negatively impacted the aviation sector. Data from both the International Air Transport Association (IATA) and African Airline Association (Afraa) indicates that the regional carriers’ performance improved by 70 percent in February and […]
Former Kenya Power boss Samuel Gichuru and f ormer Finance Minister Chris Okemo at a Nairobi law court in 2016. [File, Standard] A total of Sh450 million seized from former Kenya Power Managing Director Samuel Gichuru and former Finance Minister Chris Okemo will be repatriated to Kenya from the United Kingdom following the signing of […]
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