KQ Set to Receive Three New Boeing Aircraft
NAIROBI, KenyaKenya Airways is set to receive the first of three Boeing 777-300ER aircraft next month. The new state-of-the-art aircraft B777-300ER will be...
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Dubai Firm Seeks to Buy Out CMC Motors for Sh7.5 billion
NAIROBI, KenyaDubai-headquartered Al-Futtaim group, a leading diversified conglomerate operating through 100 companies across 20 markets, has made public its intention to make a...
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Tullow Offers Scholarships to 10 Kenyans
NAIROBI, KenyaOil drilling company Tullow Kenya recently has announced recipients of its 2013 scholarships. The initiative will see 10 young Kenyans get an...
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Power Firms Reach Partnership
General Electric and XD Electric Group have announced a partnership that combines GE’s grid automation capabilities with XD Electric’s comprehensive portfolio of high-voltage...
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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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