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IFC to borrow Sh13bn for new Kenya investments

Nairobi, Nov. 3 -- The International Finance Corporation (IFC) is set to borrow up to Sh12.99 billion in the short term to fund new investments in Kenya. The global financier sometimes funds its inve... और पढ़ें


Advisors to earn Sh575m from Quickmart IPO

Nairobi, Oct. 14 -- Advisors and regulators are set to earn total fees of Sh575.5 million from Quickmart's initial public offering (IPO), marking the latest windfall from a company going public. Publ... और पढ़ें


Quickmart terminates founders' major contracts ahead of IPO

Nairobi, Oct. 12 -- Supermarket chain Quickmart terminated several contracts with its founders worth hundreds of millions of shillings as it prepared to welcome a more diverse shareholder base through... और पढ़ें


Billionaire Muthoka reaps Sh2.5bn profit from sale of airport firm

Nairobi, Sept. 28 -- Billionaire businessman Peter Muthoka sold his airport services firm Transglobal Cargo Centre (TCC) for close to twice the assets it was holding, indicating the lucrative nature o... और पढ़ें


Yusuf Omari gets top job at Absa Bank after 17 years as CFO

Nairobi, Sept. 10 -- Absa Bank Kenya has appointed its long-serving chief financial officer (CFO) Yusuf Omari as its new chief executive, replacing Abdi Mohamed who left abruptly in June to join the s... और पढ़ें