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Setback for Deacons as it loses Mr Price Franchise to MRP Kenya Limited

Fashion retailer Deacons has lost the lucrative Franchise to run Mr. Price outlets in Kenya to MRP Kenya limited in what is set to worsen its financial troubles. A notice sent to the Nairobi Securities...

NIC Bank inks car financing deal with Simba Corp for Mitsubishi vehicles

NIC Bank has renewed its partnership with Simba Corporation Ltd to offer corporates, fleet owners, small and medium enterprises (SMEs) and individuals a unique financing opportunity. Under the new arrangement, Simba Corp customers will be...

Facebook issues a new policy that bans ads that promote cryptocurrency

In a blog post on Tuesday, Facebook issued a new policy that prohibits ads that " promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary...

AfDB commits to enhance investment in Africa’s energy sector to improve access to electricity.

In line with its development priorities and, in particular, its agenda to light up and power Africa, the African Development Bank plans to reach 29.3 million people in Africa with electricity by 2020. AfDB’s president,...

Market remains unscathed, as turnover rises to Sh1.2billion

Daily Market report: Jan 30, 2018 The Nairobi Securities Exchange (NSE) defied a highly polarized political day in Nairobi to post growth in the daily trading. There was a mixed performance on the course during Tuesday’s trading on a...

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