BUSINESS NEWS
2
Goldman Sachs, a leading US investment bank, has acquired a stake in Kenyan start-up Twiga Foods.
The deal will see Goldman Sachs pump $23.75 million (Sh2.44 billion) into Twiga Foods to help in its expansion plan in the country and Africa. This marks Goldman Sachs's first major deal in a…
0
Vivo Energy has received the green light to acquire KUKU Foods which operates US fast-food chain Kentucky Fried Chicken (KFC) in Kenya.
The Competition Authority of Kenya (CAK) approved the planned acquisition saying the deal between the two parties met the threshold for a merger since their…
3
Infrastructure, energy and military hardware are among the opportunities that Russian President Vladimir Putin offered to his Kenyan counterpart Uhuru Kenyatta during the inaugural Russia-Africa Economic Forum in Sochi.
On the last day of the summit, Putin told Kenyatta and other African leaders…
0
Peter Ndegwa was on Thursday appointed the new Safaricom Chief Executive Officer (CEO), becoming the first Kenyan-born national to head the giant telecommunications company.
Ndegwa, the Diageo Continental Europe Managing Director, will officially assume the position on April 1st, 2020 and replaces…
11
Kenya’s leading telecommunications operator, Safaricom has appointed Peter Ndegwa as its new CEO.
In a statement on Wednesday, Safaricom said Ndegwa’s appointment will take effect on April 1st, 2020.
Ndegwa joins Safaricom from British multinational, Diageo PLC, where he has been serving as the…
1
As it marks its 19th anniversary, Safaricom has introduced non-expiry data, voice and SMS packages for its customers.
On Wednesday, the giant telecommunications operator unveiled the changes in a new system dubbed ‘Simple. Transparent. Honest.’
“We have reviewed all of our products and services,…
2
Multinational flower company, Finlays has announced it will shut down two of its farms in Kenya by December 25th citing difficult business environment in the country.
The closure of the two flower farms in Kericho County will render more than 1,000 workers jobless, according to media reports.…
12
President Kenyatta declined to assent to the Finance Bill 2019 and asked MPs to scrap a cap on commercial lending that was imposed in 2016.
Consequently, Uhuru has sent the Bill back to the National Assembly after agreeing with the Treasury and Central Bank of Kenya (CBK) that the interest rate cap…
0
American technology company, Microsoft has hired 50 engineers at its Africa Development Centre (ADC) opened in Nairobi in May this year.
The 50 experts are part of a team of 100 computer science engineers the tech giant targets to hire as it looks to enter into more partnerships with local small…
1
A Kenyan coffee producer has won a contract for the supply of ground berries to an American beverage company that makes bhang-laced drinks.
New York-listed Puration Company (PURA) will make Cannabidiol-infused lattes for the US and European markets using berries procured from the Kenyan Fair Trade…
