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Carrefour to open its sixth store in Kenya at the Village Market

French retailer Carrefour has announced plans to open its sixth store in Kenya having entered a deal with the management of the Village market. The new store which will be just a stone throw away...

Foreign buyers target Britam as locals buy into Safaricom billion shillings profits

Investment firm Britam Holdings (BRIT Sh15.80) gained the most in yesterday’s trading and moved the largest amount of shares pulling through 41.1 million shares with a 6.8 bump in share price. According to Standard Investment...

Risky lenders to pay higher premiums to protect depositors cash

Risky banks are set to be hit by higher insurance payments as the Depositors insurer changes its premiums model. Kenya Deposit Insurance Corporation (KDIC) will review the current flat rate premium model to risk-based premium...
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Safaricom profits grow 14 per cent to Sh55billion as Bob returns

Safaricom (NSE: SCOM) chief executive Bob Collymore has announced his return to the helm of the organisation as the company announced a 14 per cent increase in full year net profits to Sh55billion . The...

Kenya leads East Africa peers in access to electricity

Electricity access rate in Kenya is the highest in East Africa according to the latest report from the World Bank tracking global achievements in sustainable energy for all. According to The Energy Progress Report that was released...

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