Retailer Majid Al Futtaim Hypermarkets Limited which operates as Carrefour has been ordered to part with…
Category: Business News in Kenya
EA states struggle with power cuts amid high capacity
Irony of EA citizens facing dark festive season amid excess power production Ageing transmission lines, delayed…
Three firms put off NSE listing on bear market
The persistent bear run on the Nairobi Securities Exchange (NSE) has seen three companies, including Credit…
Cytonn receiver manager takes over more assets
The High Court has allowed the official receiver to take over three properties in Nairobi’s Kilimani…
KenGen to build mega wind power plant
KenGen will develop the second biggest wind power plant in Kenya, with an initial capacity of…
Why Airbus wants to set up drone base in Kenya
Last week, senior managers of AALTO, a subsidiary of European aerospace company Airbus, pitched camp in…
Mass default fears as CBK loan rate hits 11-year high
More pain for borrowers as CBK moves to rein in living cost crisis. The Central Bank…
Private firms to run five power transmission lines
At least five electricity transmission lines will soon be run by private investors as the government…
Morgan Stanley blocks Kenyan firms from global index on dollar shortage
The Morgan Stanley Capital International (MSCI), an international trading indices firm, has barred new Kenyan companies…
Treasury slaps online forex brokers with new levy
The Treasury has introduced a regulatory fee on online forex brokers, opening an extra revenue stream…