Jaindi Kisero: How Mwalimu Sacco’s Spire Bank could rise
A crunch meeting of delegates of the gigantic Mwalimu National Sacco has been called this Saturday to discuss the state and fate of the loss-making...
Category : Business
Debt-laden Multiple Hauliers in talks with lenders
Troubled Multiple Hauliers is negotiating with NCBA Bank and Synergy Industrial Credit – two lenders that were pushing for the logistics firm’s liquidation over defaulted...
Laico Regency collapses, fires all its employees
Laico Regency which was formerly and popularly known as the Grand Regency is flat broke. The hotel has no signs of ever making a come...
High Court kick starts process of liquidating Cytonn Investment
The High Court has set in motion a process of liquidating Cytonn Investment after it appointed an Insolvency practitioner as administrator of the property of...
Why US Firm Is Being Investigated Over Suspicious Power Deal In Kenya Marred With Corruption.
In July President Uhuru Kenyatta launched a task force chaired by investment banker John Ngumi to review the expensive Power Purchase Agreements (PPAs) entered into...
EABL to stop use of Kenya Power in Sh22bn plan
East Africa Breweries Limited #ticker:EABL (EABL) plans to stop using Kenya Power electricity to drive its Kenyan factories, intensifying the shift by firms to generate...
Airtel customers to receive money from 129 countries free of charge
Airtel Money has partnered with World Remit to allow Airtel customers to receive money from 129 countries, free of charge. World Remit is an international money...
How China has silenced roar of Kenyan factories
When China hoisted itself to the pinnacle as the “factory of the world,” it set off a huge tremor, cutting through the heart of Kenya’s...
End of an era as Double M buses now face auctioneer’s hammer
Express Connections Bus Services, the company which owned the famed ‘Double M’ buses, will go under the hammer. Yesterday, Philips International Auctioneers advertised for the...
Netflix launches free plan in Kenya to boost growth
Netflix said on Monday it is launching a free mobile plan in Kenya as the global streaming giant looks to tap the East African nation...