MARKETS
Money and markets section. This covers stock market, equities, bonds, banks and insurance as well as agribusiness.
Uchumi shares fall off investors’ radar
Two analysts have issued bleak outlook for Uchumi Supermarkets in research notes to investors. Cytonn Investments has made a U-turn from its earlier note advising investors...
KQ to sack 600 employees in May
Kenya Airways has announced that 600 employees will lose their jobs as it moves to restructure its operations. KQ has been in the limelight since CEO...
Fusion capital exits Athi River property with double returns
Property developer Fusion Capital has successfully exited its residential development in Athi River, Machakos County, realising double return for investors. The development, known as Graceland...
NBK sinks in Ksh1.2 billion loss
National Bank of Kenya (NBK) reported a full-year loss of Ksh1.2 billion, just a day after issuing a profit warning. This is a major...
List: Cheapest and most expensive banks in Kenya
The Kenyan Banks Tariff Survey 2016, conducted by Think Business Limited has a bag of mixed but interesting findings. Tier II banks are on...
Dennis Oliech to sue the Star over article saying he’s broke
Former Harambee Stars striker Dennis Oliech has threatened to sue the Star newspaper for defamation over a story it published today. In a statement, the former Kenya international, speaking...
Equity Bank staff caught up in Ksh124 million tax fraud
Kenya Revenue Authority is investigating a tax evasion cartel that's believed to have siphoned billions of shillings. The rip-off, involving authorised collecting agents who collude...
Fusion Capital to put up major real estate development in Meru
Real estate developer Fusion Capital has announced that cash raised from its D-REIT (Development Real Estate Investment Trust) will be used to develop a...