Breaking News Archives - Page 2 of 6

Kenya Re’s Former MD Expresses Shock Over Unexplained Dismissal

March 13, 2018

Reacting to the announcement of his exit, Mr Jadiah Mwarania said he was shocked at his sudden dismissal from Kenya Re where he had worked as MD for seven years. He also said that the board had not offered him ... Read More...

Jadiah Murungi Mwarania Leaves Kenya Re Insurance

March 12, 2018

Breaking News

In a public notice dated 12 March 2018, Kenya Re Insurance Corporation Limited has announced the exit of Mr Jadiah Murungi Mwarania from the company with immediate effect. Murungi was the Managing Director of K... Read More...

ARM Warns FY17 Net Earnings may be 25 Percent Lower Than FY16

March 12, 2018

Breaking News

ARM Cement PLC has released a profit warning, joining the many other NSE-listed companies that have already issued such announcements this year. The ARM Board of Directors forecasts that the net earnings for... Read More...

Equity Bank Launches Loss of Earnings Cover For Equitel Subscribers

March 12, 2018

Breaking News

Equity Bank through its subsidiary Finserve Africa limited, last week launched a ‘loss-of-earnings’ insurance product for Equitel subscribers. The insurance product, Riziki Cover, was created through a partners... Read More...

NMG to Acquire New Digital Publishing System

March 9, 2018

Breaking News

Nation Media Group (NMG) has announced a Sh150 million investment in a state-of-art new digital publishing system as part of its agenda in transforming into a twenty-first modern digital content company. The Gr... Read More...

KCB Group Records a Net Profit of Sh19.7 Billion

March 8, 2018

Breaking News

KCB Group has recorded a Sh19.7 billion net profit – similar to 2016 – for the financial year ended 31 December 2017. The total operating income increased by 3 percent because it was boosted by commissions, fee... Read More...

Britam Sacks 100 Employees to Reduce Costs

March 8, 2018

Breaking News

Britam Holdings Limited has announced plans to layoff 100 employees in an effort to reduce costs. The company has said it is executing an early retirement plan meant to allow it to “to remain agile, relevant, a... Read More...

KCB on the Spot Over Mysterious Deductions of Customers’ Money

March 8, 2018

Breaking News

In the past week, KCB customers have taken to social media to complain about unexplained deductions of money from their accounts. Customers have lost money ranging from several thousand shillings to Sh100,000 w... Read More...

Stella Kilonzi (Ex-CMA boss) Gets Top Africa Bank Job

March 6, 2018

Breaking News

Stella Kilonzi, the Ex-Chief Executive of Capital Markets Authority (CMA), has been assigned the position of head Africa Development Bank’s (AfDB) Africa Investment Forum. The unit has the mandate to attract in... Read More...

TransCentury Group Prepares Shareholders for Profit Decline

March 6, 2018

Breaking News

In an announcement dated 2 March 2018, TransCentury Group has informed its shareholders, potential investors, and the public that its earnings for the financial year ended 31 December 2017 may be 25 percent low... Read More...