Telkom Kenya says it does not owe Sh906.6 million claim from Safaricom. The market leader Safaricom last month wrote to the regulator demanding that Telkom Kenya pays up before the…
Category:
Markets
-
Markets
Saudi Arabia shuts pipeline to Bahrain after oil outage: Trade sources
by Khendo Adminby Khendo AdminDUBAI/LONDON (Reuters) – Saudi Arabia has shut down its crude oil pipeline to Bahrain after attacks on Saudi oil facilities, two trade sources told Reuters on Monday. The pipeline, which…
-
Markets
Minority investors to inject Sh3bn into EABL subsidiary, Serengeti Breweries
by Khendo Adminby Khendo AdminMinority investors are set to inject an additional Sh3.2 billion capital into Serengeti Breweries, a subsidiary of East African Breweries (EABL) , as part of a deal with the Kenyan…
-
Markets
EABL back to profits in 3 years, offers juicy bonuses to executives
by Khendo Adminby Khendo AdminHigher beer sales and profit saw a triple-digit growth in the bonuses of East African Breweries Limited (EABL) top honcos. EABL’s MD annual pay rose by more than 20 per cent…
-
Markets
Court directs Treasury to respond to Omtatah on NIC, CBA merger tax exemption
by Khendo Adminby Khendo AdminA Nairobi Court has directed the Cabinet Secretary for National Treasury Mr Ukur Yattani and Attorney General Kihara Kariuki to respond to human rights activist within 14 days in a…
-
Markets
Altria and Philip Morris are in talks about reuniting to form a tobacco behemoth
by Khendo Adminby Khendo AdminPhilip Morris International and Altria — which used to be one, giant tobacco company — may merge once again. Both companies sell the Marlboro brand: Philip Morris sells tobacco products…
-
The Dow and broader stock market fell back from Monday’s sharp gains as investors worried about recession warning signs in the bond market. All three major indexes finished in negative…
Markets
MPs tell National Treasury to live with bank interest rate caps
by Khendo Admin
by Khendo Admin
Central Bank of Kenya Governor Dr Patrick Njoroge at a past event: MPs want rate caps retained Removal of bank interest rates will subject Kenyans to expensive cost of credit…
Markets
Panafrican Equity Bank Holdings set to acquire BCDC of DR Congo
by Khendo Admin
by Khendo Admin
Kenya’s Equity Group Holdings is set to acquire majority stake in Commercial Bank of Congo (BCDC) as it merges with existing subsidiary in Democratic Republic of Congo. The proposed deal would see the bank’s…
The Dow and the broader US stock market rallied sharply Thursday, buoyed by hopes that trade tensions between the United States and China might ease. The Dow (INDU) closed 326…