Ken on 11th Jun

By GITAHI NGUNYIThey are just 11 but very, very rich. Their wealth at the Nairobi Securities Exchange (NSE) increased by Sh27 billion in slightly less than 12 months. Mark you, that is only wealth in shares listed in their names at the NSE. They have much more in shares not listed in their names, but under nominee accounts or through sister companies...

Ken on 10th Jun

Saudi Arabia’s Prince Alwaleed bin Talal, whose wealth can only be described as “Saudi Prince levels of wealth,” is suing Forbes Magazine for undervaluing his fortune by $9.6 billion. Forbes’ annual “Rich List” valued him at $20 billion, when IN FACT, the prince believes he is worth $30 billion, and that Forbes...

Ken on 05th Jun

President Kenyatta with Microsoft Global President, Jean-Philippe Courtois and Dr. Fred Matiangi [Photo||PPS] Microsoft, the company that has made Bill Gates the richest man in the world, is not willing to be left behind in President Kenyatta’s free laptop program.Yesterday, the president hosted Microsoft Global President Jean-Philippe...

Ken on 05th Jun

Days after major local channels pulled out of Startimes, the Chinese company has launched a set top box with capability to provide both paid and free content. This will give an option to those seeking to migrate from analogue to digital, but are not ready to pay a monthly fee for TV services.  The latest move may see the return of Citizen TV, NTV...

Ken on 30th May

East Africa’s largest supermarket chain Nakumatt, is giving new meaning to retail shopping, by introducing Nakumatt On Wheels (NOW).  The Nakumatt On Wheels ‘branch’ will be transported to any location in Kenya, atop a 12-tonne truck. Nakumatt Holdings Managing Director Atul Shah, confirmed that the first, NOW store, will be, on...

Ken on 30th May

After 30 years of its existence, what was once an iconic Jack and Jill supermarket in downtown Nairobi is no more. It was demolished to the ground in a matter of minutes last week, to the merry of opportunists who looted millions worth of goods as a handful of police officers stood guard. The story of this iconic...

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...