KCB wins four awards at Industry Sustainability Awards

KCB Group took four awards during the Sustainable Finance Catalyst Awards 2017 this morning, highlighting the Bank’s leadership role in driving the sustainability agenda in the East African region. The Bank emerged the Best Bank for Best Practice in Sustainable Finance (Tier 1 Banks) and was Second Overall Winner in …

Questions CMA wants former Uchumi bosses to answer

Barely a month after being left off the hook, three former Uchumi directors James Murigu, Bartholomew Ragalo and Joyce Ogundo are back on the CMA chopping board. The regulators penalties against the three were quashed in January by Justice George Odunga but CMA has drawn up new charges. CMA wants …

Pilots association protests detention of two Kenyan pilots in South Sudan

A pilots association has protested the detention of two Kenyan pilots in South Sudan after their plane was involved in an accident. The Kenya Airline Pilots Association (KALPA) said that it was concerned by the continued detention of two Kenyan Pilots following an accident involving a Cessna Caravan aircraft, 5Y …

Disposal of another asset helps Eveready posts Sh 267 million profit.

Eveready has reported a significant jump in its profits after it disposed off another asset that lifted its earnings The battery seller reported a net profit of Sh267.2 million in the financial period ended December 31, 2017, coming from a loss of Sh206.5 million the company posted at the same …

ARM Shareholders approve sale of its fertilizer business for Sh1.3billion

Shareholders of Athi River Mining (ARM) have approved the transfer of all shares in ARM Energy Limited and in ARM Minerals and Chemicals Limited to Mavuno Fertilizers which is up for sale. In a notice to the financial markets after holding an extraordinary meeting, the firm said that the transfer …