Gilani's has been popular with customers particularly in its Nakuru base since 1974. It has been run by several generations of the Gilani family. But in a growing trend, families in the retail business are opting to loosen their hold on the businesses in favour of investment by cash-rich PE firms.
Ruto appointed Safaricom CEO Peter Ndegwa as chair of the committee. Other members include Equity Bank CEO Dr. James Mwangi, EABL CEO Jane Karuku, KCB Group CEO Paul Russo, Family Bank CEO Rebecca Mbithi and BAT CEO Crispin Acholla.
Co-operative Bank saw its net for profit for the nine months to September 2022 surge 47 percent to Ksh17 billion compared to Ksh11.6 billion in a similar period last year, driven by steady growth in non-interest income (including fees and commissions from loans and forex trades) and interest income.
The 47-year old Oigara will be taking from Mudiwa who spent five years at the helm of Stanbic, part of South Africa's Standard Bank Group. As he exited, the bank credited him with leading the bank's digital transformation in Kenya and unlocking growth in profitability.
You could soon fly direct to Tokyo from Nairobi after Japan and Kenya disclosed aspects of their plan to enhance ties between the two countries, intended to promote trade, tourism and cultural exchange.
"I am very happy that between four to five million Kenyans will be out of CRB blacklist by the beginning of November," President William Ruto had promised at a forum with bank and mobile money executives in September.
Reiterating his desire to grow the digital economy, improve connectivity and empower Kenyans, particularly low-income earners, traders and business people, Ruto disclosed plans to manufacture 'the cheapest smartphone in Africa'.
The Court issued the decision on Tuesday, November 7 in a bid to break the stalemate that has hit the loss-making airline hard. Justice Ann Mwaure put the pilots on the spot for disregarding a temporary injunction issued by the court stopping the strike
President William Ruto met UK Prime Minister Rishi Sunak at the sidelines of the COP27 conference on climate change currently taking place in Egypt. Sunak took the opportunity to announce that the UK would fast-track financing packages for green energy projects in the country, to the tune of Ksh500 billion.