Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG Pension fund returns rose by five percentage points in 2021 on improved performance of equities and offshore investments, signalling higher interest earnings for savers. […]
A Kenya Airways ground crew checks in passengers at the Jomo Kenyatta international airport in Nairobi on August 1, 2020. FILE PHOTO | NMG The competition watchdog of the Common Market for Eastern and Southern Africa (Comesa) said initial investigations have found some airlines in the region are culpable of engaging in anti-competitive practices. The […]
MV Uhuru II under construction at Kenya Shipyards Ltd in Kisumu, western Kenya. PHOTO | FILE | NMG Kenya Shipyard Limited (KSL) has received six orders from Tanzania and Uganda for the construction of ships, raising the business prospects of the newly formed entity. The firm’s deputy director, Peter Muthungu, added that it had another […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their selling activity in January compared to the previous four months which were characterised by profit-taking on blue chip stocks. NSE […]
Kenya Commercial Bank branch in Gikomba Market in Nairobi on Thursday, November 12, 2020. PHOTO | DENNIS ONSONGO | NMG The Treasury has been asked to release funds for settling a Sh6.7 billion KCB loan which was used to purchase subsidised fertiliser. The State Department for Crop Development and Agricultural Research told Parliament last week […]
Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG Pension fund returns rose by five percentage points in 2021 on improved performance of equities and offshore investments, signalling higher interest earnings for savers. […]
I&M brank in Kenya. PHOTO | FILE | NMG The Nairobi Securities Exchange-listed firm made the acquisition in April last year but the payments to the shareholders have been staggered to take into account other pending asset and valuation matters. I&M had initially estimated to spend $31.6 million in the buyout but the amount had […]
Sabis International School at Runda in Nairobi. PHOTO | SALATON NJAU | NMG A leading international school partly owned by Centum Investments , Investbridge Capital, and SABIS has won a Sh3.1 billion tax dispute with the Kenya Revenue Authority (KRA) over the construction of the school in Kiambu county. The taxman had dismissed a Sh3.1 […]
The number of Kenyans taking loans from financial institutions has risen by 10 percent since 2019, with majority borrowing as a means of survival. PHOTO | FILE | NMG The number of Kenyans taking loans from financial institutions has risen by 10 percent since 2019 reaching about 14.4 million, occasioned by a slight improvement in […]
Unga Group Plc Chief Executive Officer Joseph Choge. PHOTO | DIANA NGILA | NMG Unga Group Plc has received regulatory approvals to form animal feed joint ventures in Kenya and Uganda with Dutch multinational Nutreco International. Subsidiaries of the Nairobi Securities Exchange-listed firm will own the joint ventures on a 50/50 basis with Nutreco. Kenya-based […]
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