Brookhouse International School is preparing a rights issue to raise funds for the development of a new campus in Nairobi’s Runda estate at a cost of Sh1 billion. The shareholders — including private equity firm AfricInvest = are set to raise Sh260 million within the next three months. The cash from the rights issue will be added to a Sh600...
Artist impression of Hazina Trade Centres Very Soon, Times Tower will cease being the tallest building in Kenya and East Africa. This is because the National Social Security Fund (NSSF), will this morning commission the construction of the tallest building, marking an end to the tender dispute that had stalled ground breaking for more than...
For one week, Equity Bank ATM service was down, and so was their elaborate Agent service. This left their 8 million customers no option but to queue in their banking halls; the kind of queues that coil themselves over and over and over, before getting out of the door. This surely left a lot of people frustrated, especially landlords who now had no...
This will surely come as welcome news to thousands of Kenyans.Equity bank and PayPal have partnered to allow cash withdrawals in Kenya. This is the first time a Kenyan Bank will directly allow PayPal users withdraw cash from their account.Initially, PayPal only allowed deposits to be made; any withdrawals had to be done through third parties. Kenya...
Julie Gichuru is best known for being a TV news anchor and group digital business manager at Kenyan media company Royal Media Services. Beyond the glitz and glamour of TV, Gichuru is also a successful entrepreneur, running an online fashion store called Mimi and production company Arimus Media. She has been recognised as one of Africa’s most...
For most people, an opportunity to meet a sitting American president would not even be put on the ‘consideration table’. It would be taken fast, disregarding all other important plans. That would explain why our Chief Justice is travelling all the way to Senegal to meet Obama.Chris Kirubi is however not most people, and yesterday, he released...
I&M Holdings Limited executive director Sarit Raja-Shah (left) and his brother, Sachit Raja-Shah [Photo||Nation] I&M Holdings Limited executive director Sarit Raja-Shah and his brother, Sachit Raja-Shah, Tuesday joined the list of billionaire executives who run Nairobi Securities Exchange-listed companies as the firm closed...
Keroche Breweries CEO has grown her company from just any other beer/spirit making company to Kenya’s second biggest. She started off making spirits, and she has over the years survived a string of dedicated onslaught towards her company. A few years back, Keroche launched Summit lager and she says she’s not stopping until she spreads...
The Carnivore, Nairobi is one of the leading restaurant and entertainment destination in East Africa. Most of the international concerts have been hosted here for decades, and it has continued been a favourite. Apart from the concerts, Carnivore has in the past few years been home to Churchill Live, now Churchill Show Live recording. Currently, recording...
Safaricom recently launched a free internet services in select public service vehicles within Nairobi, dubbed ‘Vuma Online’. Passengers with smartphones will be able to access the internet as long as they’re inside any of the pilot vehicles. For a start, the giant service provider has installed equipment in just a few vehicles in...
Airtel Kenya has reintroduced their unlimited internet plan, three months after it was terminated. In March this year, Airtel replaced the unlimited plan with what it called “Blaze” bundles. These were simply set bundles with expiry periods ranging from 1 day to 1 month. It would seem subscribers did not receive them well. This time however,...
[Photo||Business Daily] At the tender age of 24, Geoffrey Gikandi is an entrepreneur and a fifth year Civil Engineering student at the University of Nairobi. But that’s a small side of a student who founded a company from a scratch through a youthful optimism and sheer determination. It was a rare dream...
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...
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...
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...
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...
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...
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...
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...
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...