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Global Credit rating agency Fitch has revised Kenya’s outlook from negative to stable affirming the country’s rating at B+. Kenya overcame Political and Fiscal shocks to achieve a stable outlook on its Long-Term Foreign and Local-Currency Issuer Default Rating says the agency. This gives a clear indication that Kenya is effectively implementing its fiscal consolidation

Bamburi Cement Ltd has appointed Seddiq Hassani as the new Managing Director as well as a member of the Board of Directors. Seddiq will take over the position of MD from Eric Kironde, who held the positions of both acting MD and Finance Director since October 2017. Seddiq was formerly the Lafarge Holcim Head of

The Kenya tourism industry earnings grew to 20 per cent in the period ended in December 2017 to Ksh 120 billion compared to 99.69 billion in 2016 shrugging off expected poor performance attributed to the long electioneering period last year. The increase in arrivals to Kenya surpassed the estimated global growth in tourism numbers predicted

Seaboard Corporation, a conglomerate based in the U. S and with presence in more than 45 nations, is taking over Unga Group PLC (UGL), a public company incorporated in Kenya and listed in the Main Market Segment of the Nairobi Securities Exchange. The NSE suspended trading of Unga shares amid the expected acquisition. Seaboard Corporation

Kenya will set the agenda for the region’s real estate sector sentiments echoed by Kfir Rusin )  Managing Director, East Africa Property Investment Summit’s(EAPI) “The country is once again at the top of investors and developers lists of attractive investment destinations. We’re hearing a lot of positive news from our stakeholders, and we expect some

Africa Logistics Properties (ALP) has signed a long term lease for nearly 4,500 sqm of its flagship ALP North Logistics Warehousing Complex with Copia Global, the fast growing e-commerce FMCG distributor that specialises in supplying rural Kenya. ALP is currently constructing Kenya’s first international standard grade-A logistics warehousing on two sites in Nairobi. ALP North,

Microsoft 4Afrika in conjunction with USIU (United States International University) has today formally kicked off operations of an AppFactory at the Incubation and Innovation Centre I2C at the University. A report released by the Commission for Higher Education says that more than 50,000 students graduate annually from private and public universities in Kenya. Only half

We applaud The Co-operative Bank of Kenya for being the overall winner in this year’s Sustainable Finance Catalysts Awards for banks and financial sector players. Kenya Commercial Bank (KCB) took the second position while Equity Bank took the third position. Other participants were Kenya Women Microfinance Bank (KWFT), Diamond Trust Bank, Safaricom Limited and Standard

Japanese automaker Isuzu Motors Limited has officially launched its East African operations in Kenya following the buyout of a 57.7 per cent stake in General Motors East Africa (GMEA) in February 2017. Mr. Susumu Hosoi, Chairman of Isuzu Motors said that Kenya was an important market with great potential in Africa. He says they are

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