First transshipment cargo load at Naivasha Inland Container Depot. Kenya wants all goods destined to neighbouring countries picked up in Naivasha. PHOTO | FILE | NATION MEDIA GROUP A directive, which is supposed to take effect on June 1, was agreed at a virtual meeting attended by presidents of Kenya, Uganda, Rwanda and South Sudan. […]
KCB Group CEO Joshua Oigara speaks during the half year financial results announcement in Nairobi. PHOTO | FILE | NATION MEDIA GROUP The KCB Group chief executive Joshua Oigara spoke with James Anyanzwa on the bank’s post-Covid-19 plans. KCB just released financial results for quarter 1 (Q1), 2020, showing an eight per cent growth in […]
A KCB branch. FILE PHOTO | NATION MEDIA GROUP KCB Bank has temporarily closed its Mvita branch in Mombasa after an employee tested positive for the new coronavirus. In a press release, KCB Group CEO Joshua Oigara confirmed said the outlet was closed for three days for immediate cleaning and disinfection of the premises. All […]
Rwanda Capital Market Authority (CMA) has approved the first South African healthcare company, RH Bophelo Limited to be cross-listed on the Rwanda Stock Exchange (RSE). RH Bophelo entry on the local bourse makes it the 9th company to be listed on the RSE stock market but also comes at a time when another South African […]
Rwanda’s cement factory Cimerwa PPC has said that it is currently in the process of listing its shares on the Rwanda Stock Exchange (RSE). According to the newly appointed CEO of Cimerwa, Albert Kipkemoi Sigei, the company is under a process of being listed on the local bourse. Without revealing details, Sigei said; “Yes it […]
Fireworks lit up Nairobi skies Friday night as Nation Media Group (NMG) kick-started its 60th anniversary celebrations on April 26, 2019 at Nation Centre. PHOTO | SILA KIPLAGAT Safaricom has partnered with media houses in Kenya in a new innovation that will see newspapers made available to all smartphone customers in the country at KES […]
The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic. In a statement to shareholders, NMG chairman Wilfred Kiboro said that Covid-19 global pandemic presented an unprecedented risk to the economy in 2020 and possibly beyond. “The Board of Directors, having […]
An employee of the East African Breweries Ltd checks beer quality before labelling at the company’s plant in Ruaraka, Nairobi. PHOTO | FILE | NATION MEDIA GROUP The management says measures put in place to contain the deadly pandemic will see net earnings fall sharply to about Ksh8.64 billion ($86.4 million). More companies are expected […]
A busy section of the Nairobi central business district. The impact of social distancing, dusk-to-dawn curfew and closure of businesses has impacted on consumer spending, leading to job cuts and unpaid leave for workers as firms race to cut costs. FILE PHOTO | NATION MEDIA GROUP • To limit its spread, Kenya has suspended commercial […]
The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic. In a statement to shareholders, NMG chairman Wilfred Kiboro said that Covid-19 global pandemic presented an unprecedented risk to the economy in 2020 and possibly beyond. “The Board of Directors, having […]
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