NBK shareholders approve Sh10bn Rights Issue

Jun. 7 | The shareholders also backed the bank’s plans to set up regional subsidiaries at the 44 Annual General Meeting held in Nairobi/CFMNAIROBI, Kenya, Jun 7 – National Bank of Kenya (NBK) shareholders on Friday endorsed the bank’s ambitious transformation...

Haco launches ‘Black Silk’ for Afro hair

Jun. 7 | At the launch on Friday, company chairman Dr Chris Kirubi said the product is the first locally manufactured premium hair care product to hit the East African market/FELIX MAGARA NAIROBI, Kenya, Jun 7 – Haco Tiger Brands has officially added Black...

Developers seek idle government land

Jun. 6 | Ark consultant’s Director Reginald Okumu says close to 70 percent of land in the country belongs to the government with religious and non-governmental institutions holding close to 15 percent/FILENAIROBI, Kenya, Jun 6 – Property developers...

Oil exploration law under review

Jun. 6 | The ministry’s Petroleum Energy Commissioner Martin Heya says the current law is outdated and does not effectively address industry as a whole especially the gas exploration sector/FILENAIROBI, Kenya, Jun 6 – The Ministry of Energy and Petroleum...

UAP enters Tanzania market

Jun. 6 | The company will now be operating as UAP Century Insurance Company Limited/FILENAIROBI, Kenya, Jun 6 – UAP Group, through its wholly owned subsidiary UAP Africa Limited, has acquired a 60 percent stake in Century Insurance Company Limited, a general...

Japan PM tells AFP Abenomics is ‘the only way’

Jun. 6 | Shinzo Abe answers a question during an interview with AFP in Tokyo on June 6, 2013/AFPTOKYO, Jun 6 – Japanese Prime Minister Shinzo Abe said Thursday his economic policies are “the only way” to rein in Japan’s huge public debts...

HELB undergoing massive changes – chief

Jun. 5 | Charles Ringera went to HELB in March 2013 as the CEO and board Secretary. He replaced Benjamin Cheboi who resigned late last year to pursue politics/CFMNAIROBI, Kenya, Jun 5 – With over 20 years experience in the banking sector, the new Higher...

Centum sets unassailable heights with re-structuring

Jun. 5 | NAIROBI, Kenya, Jun 5 – Centum Investment Company has restructured its business to create new subsidiaries from existing business lines and create real tangible wealth at a rate that is above capital and money markets. Speaking during an investors...

Airtel launches Premier Club to reward customers

Jun. 5 | Airtel Premier Club members will experience personalised services such as credit facilities, the Zawadi rewards programme, an exclusive website, free SIM replacement and priority services/FILENAIROBI, Kenya, Jun 5 – Airtel Kenya has announced the...

Toyota to recall 242,000 Prius, Lexus worldwide

Jun. 5 | Drivers of the two models, manufactured between March and October 2009, have complained they needed to step more heavily than previously on the brake pedal/XINHUA-FileTOKYO, Jun 5 – Toyota Motor will recall 242,000 Prius and Lexus hybrid cars globally...