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Nairobi

Lufthansa to pull out of Ghana in October

July 20, 2015 Pawla Nibramich 0

The German airline, Lufthansa will from the first of October this year cease operations in Ghana. The company has officially notified the transport ministry over […]

Kenya’s Barclays reports 10% pretax growth in Q1 2015

May 27, 2015 Geraldine Boechat 0

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

May 27, 2015 Geraldine Boechat 0

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

May 20, 2015 Steven Addamah 0

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 “ideal location” for investors seeking 600million market economy

November 20, 2014 Geraldine Boechat 0

President Uhuru Kenyatta seized the opportunity of the inauguration ceremony of the two-day Kenya International Investment Conference (KIICO) to urge local and foreign investors to […]

Kenya awards offshore oil exploration permit to Total

June 28, 2012 Steven Addamah 0

Kenya has awarded the French oil company Total a new oil exploration permit to cover an area of over 10,000 square kilometers off the Lamu […]

Kenya gets French loan to upgrade electricity distribution

June 13, 2012 Geraldine Boechat 0

France will extend Kenya a 78.5 million euro loan to help the African country upgrade its power transmission lines and eliminate blackouts. The concessional loan […]

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