Ken on 24th May

The county government of Nairobi has ordered Equity Branch to relocate its City Hall branch, the Star is reporting.The bank has been given six months to move out, to give room for a restaurant for the County Assembly members.Apparently, Equity Bank chief executive James Mwangi has been trying to get an appointment with governor Evans Kidero, but so...

Ken on 20th May

Kenya Power has listed Mama Ngina Kenyatta as its fourth largest individual investor, making the electricity distributor the only Nairobi bourse-listed company bearing her name on the shareholder list. Filings with the Capital Markets Authority show that President Uhuru Kenyatta’s mother owns 2.2 million shares...

Ken on 16th May

One of the most recognized businessman in Africa, Chris Kirubi, was recently interviewed by Drum Magazine on his views on women empowerment.  This is how it went. DRUM: You work with a number of talented women. One could say you believe in women’s empowerment. How has the experience been for you as an employer and what would you say have been...

Ken on 22nd Apr

Below is a report prepared by American spy agency CIA, on the state of the economies of Kenya and Tanzania. Going by the trend, it is clear that Kenya’s position as East Africa’s largest economy, is threatened by our brothers in the south. Economy Tanzania Kenya Economy – overview Tanzania is one of the world’s poorest...

Ken on 16th Apr

Paul Kinuthia L’Oreal, the world’s leading cosmetic company has acquired the health and beauty division of Interconsumer Products, one of Kenya’s largest manufacturers of personal care and beauty products. The deal was closed on Friday April 12 and was announced only today by Wang’ombe Kariuki, the Director General of Kenya’s Competition...

Ken on 14th Apr

South Africa is the richest country, Nigeria has the richest man but they could not beat Kenya in having Africa’s richest president. Uhuru Kenyatta is now Africa’s richest president. Kenya’s fourth president was in 2011 named the 26th richest man in Africa by Forbes Magazine, with a net worth of $500 million. That was Forbes’...

Ken on 14th Apr

South Africa is the richest country, Nigeria has the richest man but they could not beat Kenya in having Africa’s richest president. Uhuru Kenyatta is now Africa’s richest president. Kenya’s fourth president was in 2011 named the 26th richest man in Africa by Forbes Magazine, with a net worth of $500 million. That was Forbes’...

Ken on 04th Apr

Korean electronics giant Samsung is set to open a television, laptop and printers’ assembly plant in Kenya by end of year positioning Nairobi as the nerve centre of its operations in East Africa. The plant is initially expected to employ 900 people directly and more than 1,000 in its supply and marketing chains...

Ken on 28th Mar

EQUITY Bank chief executive will take home close to Sh225 million as dividend from the institution. This means the chief executive was making an average return of Sh18.75 million from the bank every month last year.  The bank’s annual report released at the annual general meeting yesterday showed Mwangi has a 4.88 per cent direct and...

Ken on 28th Mar

Honda Motor Co. said Wednesday it will start producing motorcycles at a new plant in Kenya later this year amid expectations of growth in local demand. Honda has set up Honda Motorcycle Kenya Ltd. for sales and production of motorcycles in Nairobi, becoming the company’s third local subsidiary in Africa, following one each in South Africa and...