BUSINESS NEWS
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All the 2,000 people working at Kenya’s East African Portland Cement (EAPCC) have been laid off.
EAPCC Chief Executive Officer Stephen Nthei said all job positions in the company were declared redundant and all employees released.
The NSE-listed cement manufacturer has reportedly been making an…
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Reuben Kimani, CEO, Username Investment Limited is the 2019 recipient of the African Business Personality Award at the Voice Achievers Award. The prestigious award seeks to recognize outstanding men and women who have made substantial contributions towards the advancement of Africa and…
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Microsoft has appointed Jack Ngare as the first Managing Director of its newly launched Africa Development Centre (ADC) in Nairobi.
Ngare leaves Equity Bank, where he has been serving as the MD of the lender’s virtual mobile money operator, Finserve for the past one and half years.
Prior to…
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Kenyan billionaire businessman Chris Kirubi has pocketed an extra $2 million (about Ksh.200 million) following the sale of one of his company, the BiC brands East Africa franchise. last year.
The tycoon sold the company to French conglomerate Société BIC, the original owners of the brand, in 2018…
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The government has issued a new directive requiring all imported cargo at Mombasa port be ferried to Nairobi through the Standard Gauge Railway (SGR).
In a notice, Kenya Revenue Authority (KRA) and Kenya Ports Authority (KPA) said all cargo will be transported through SGR to the Inland Container…
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Equity Bank Managing Director Polycarp Igathe is set to leave the lender at the end of this month, slightly over a year after his appointment.
Igathe, who joined Equity Bank in May 2018, has been named as the new Vice President of Sales and Marketing at Vivo Energy, with his appointment taking…
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Kenya on Thursday sold 200,000 barrels of crude oil, becoming the latest nation to join the league of oil-exporting countries.
President Kenyatta broke the news about the sale of Kenya’s first crude oil during a Cabinet brief at State House, Nairobi on Thursday. He said the country earned $12…
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Nairobi’s DusitD2 Hotel was on Wednesday reopened six months after it was closed following a terror attack that left 21 people dead and several others injured.
The high-end hotel located on Riverside Drive in Westlands area was reopened in a ceremony marked by hoisting of three flags by Kenyan…
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The government will not meddle in Safaricom’s process of picking its new chief executive following the death of Bob Collymore early this month, ICT Cabinet Secretary Joe Mucheru has said.
Mucheru said the government will allow the telecommunications company to select its CEO of choice without…
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Kenya Airways is set to become a State corporation after MPs on Tuesday unanimously approved a proposal by National Assembly Transport committee to nationalize the airline.
The adoption of the proposal paves the way for the government to clear all debts KQ owes to lenders in a bid to nationalize it…
