Kenya: Uchumi Supermarkets to close underperforming branches
Uchumi, the oldest supermarket chain in Kenya could shut down some of its underperforming branches resulting in job losses as it restructures its business, the […]
Kenya
India’s M&M looks to maintain double-digit growth in Africa
India’s largest utility and tractor producer, Mahindra and Mahindra or M&M, has set up an Africa-focused business unit as it looks to maintain double-digit growth […]
Kenya: New campaign to stop Africa’s $50 billion a year illicit outflow
A new campaign to stop Africa from ‘bleeding’ was launched on Thursday in Nairobi by the Tax Justice Network-Africa (TJN-A), a coalition of researchers and […]
Kenya: IMF lowered its growth forecast for 2015 to 6.5%
The International Monetary Fund (IMF) announced that the Kenyan economy is expected to grow by 6.5% in 2015, against the 6.9% forecast announced earlier this […]
Kenya: Foreign investors haul $51Mln out of Nairobi Securities Exchange
The Nairobi Securities Exchange has lost 6.75% of its value during the month of May 2015. According to official sources, foreign investors took out Sh1.5 […]
Kenya’s Barclays reports 10% pretax growth in Q1 2015
The Kenyan subsidiary of Barclays Bank Group announced that its pretax profit for the first quarter rose 10 percent to 3.12 billion Kenyan shillings ($32 […]
China Wu Yi Co to build roads in Kenya, Uganda and Ethiopia for $ 73 million
The construction firm China Wuyi Co Ltd announced on Monday it had won $73.2 million worth of contracts for the construction of roads in Kenya […]
Kenya: Diamond Trust Bank to open branches in Madagascar and DRC
Kenya’s Diamond Trust Bank (DTB) has announced interests in extending operation in Africa. Ranked Kenya’s seventh biggest bank by assets is planning to use part […]
Kenya : President Kenyatta gives Kenyan diplomats urgent task
President Uhuru Kenyatta urged Kenyan ambassadors and high commissioners present at the 17th Biennial conference that they should embark on polishing the image of the […]
Somalia: US to return to Somalia after 24year absence
The United States is preparing to return to Somalia as President Obama nominates Katherine Simonds Dhanani as US ambassador to the country. The state department […]