Shelter Afrique Launches Sh3.5 Billion Bond
NAIROBI, KenyaNairobi-based Pan African housing and urban development financier Shelter Afrique, today launched a Ksh3.5 billion five-year bond with a greenshoe option of...
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Old Mutual Buys Out Ghana Insurance Firm
Old Mutual today announced it has acquired a majority stake in Ghana’s Provident Life Assurance Company.The company said in a statement the deal...
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IMF Conference to Audit Kenya’s Economic Progress
NAIROBI, KenyaThe International Monetary Fund (IMF) and the Government of Kenya will co-host a conference on September 17 and 18 in Nairobi to...
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Uchumi Records Sh486m Profit as it Plans to Open 13 More Branches
NAIROBI, KenyaUchumi Supermarket has recorded 12% increase in profit for the full-year ending June 30, 2013. The group’s profit before tax rose to...
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Newspaper Prices Rise 20% as VAT Law Begins to Bite
NAIROBI, KenyaKenyans have started feeling the effects of the Value Added Tax Act 2013, which subjects items that were previously zero-rated or exempt...
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Mumias Sugar Posts Sh1.7 Billion Full Year loss
MUMIAS, KenyaMumias Sugar recorded a Sh1.67 billion loss for the full-year ending June, pulled down by a decline in cane supply and factory...
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Housing Finance Sweetens its Home Loans
NAIROBI, KenyaHousing Finance has launched a new product that makes it easy for customer to buy homes. The Ezesha product will enable customers...
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Siaya Mother Wins Sh750,000 in Imperial Leather Promo
A 66-year-old mother of seven from Siaya is the first lucky winner of Sh750,000 in the ongoing Imperial Leather ‘Oga na Milli’ promotion....
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