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LEAKED: KCB’s Joshua Oigara to be unveiled as Safaricom CEO in December, was a close buddy of Bob Collymore

July 2, 2019 Leave a Comment

Kenya commercial Bank chief executive officer Joshua Oigara is set to be unveiled as the new CEO later this later to take over from his close buddy The Legend Bob Collymore who passed away after battling with cancer for about two years. Oigara is credited with super efficiency and corporate discipline at the banking giant […]

Filed Under: Business

Breaking: Safaricom appoints Michael Joseph acting CEO

July 2, 2019 Leave a Comment

Former Safaricom CEO Michael Joseph has made a comeback in an acting capacity following the death of Bob Collymore. The telco announced on Tuesday that Joseph will hold the position until the Safaricom Board makes communication on a permanent appointment. “The board is confident that during this transition, Mr Joseph will provide the necessary guidance […]

Filed Under: Business

Kisumu hotel sacks all staff after 15 years of loss making

June 1, 2019 Leave a Comment

A popular hotel in the Lake-side city of Kisumu has sent home its entire staff following a tough business environment. According to Daily Nation, Sunset Hotel general manager Joseph Oduor explained that they resorted to the move after the hotel had continuously made losses for 15 years. He further revealed that the more than 50 […]

Filed Under: Business

KQ pressure amounts on CEO Sebastian Mikosz as he plans to exit end of 2019

May 27, 2019 Leave a Comment

Kenya Airways CEO Sebastian Mikosz has announced plans to exit the airline by the end of this year. In a memo to employees, Mikosz said he was leaving on personal grounds. ‘It is my personal decision and I have obviously discussed it with board as well as with my family,’ reads part of the memo. […]

Filed Under: Business

How counties lose 50 million daily due to traffic jams

May 17, 2019 Leave a Comment

Details have now emerged of how Kenya loses over Ksh.50 million daily in traffic jams. According to a new report by the Institute of Economic Affairs Institute of Economic Affairs (IEA) now says that the introduction of the Bus Rapid Transport System holds key to managing traffic especially in Nairobi. IEA further suggests a raft […]

Filed Under: Business

Why Raila is winning Hearts of the Luos after Economic Kisumu Tour

May 14, 2019 Leave a Comment

The gains from H.E Raila Odinga’s working tour of Kisumu: One, immediately the establishment of Kisumu Special Economic Zone(SEZ) at the 500 acres parcel of land in Ombeyi, Muhoroni is complete, over 24000 Kenyans will be absorbed. The Special Economic Zone will see many industries such as textile apparels and Leather products established in Kisumu […]

Filed Under: Business Tagged With: Raila Odinga

Government is the biggest challenge facing businesses in Kenya

May 5, 2019 Leave a Comment

By Haron Wachira Where doth my help come from? When my daughter asked me recently, “Dad, what has been your biggest challenge so far in business?” I immediately thought, Government. I closed down a manufacturing under bond warehouse because the customs officials would not give us peace unless we paid bribes — they found fault […]

Filed Under: Business

Who will save Kenyans from the predatory telco giant Safaricom?

May 4, 2019 Leave a Comment

By Phil Wesonga Safaricom’s market super-dominance which is primarily supported by illegal monopolistic tactics and diabolical predatory lending targeting poor people has driven it to insane profits of Sh63.4 billion in a poorly performing economy where commercial banks and manufacturing industries are closing shop . If there was any industry that required regulation, besides the […]

Filed Under: Business

Safaricom reports a 14.7 per cent increase in net profit to Sh63.4 billion

May 3, 2019 11 Comments

Safaricom has reported a 14.7 per cent increase in net profit to Sh63.4 billion for the year ended March 2019. Service revenue grew by seven per cent to Sh240.3 billion derived largely from outgoing voice calls and Mpesa charges. Outgoing voice service revenue grew by 0.3 per cent to Sh95.9 billion and Mpesa revenue by 19.2 […]

Filed Under: Business

CS Monica Juma reveals Kenya’s plans to strengthen trade and investment ties with South Africa

April 4, 2019 Leave a Comment

Kenya is committed to strengthening relations with South Africa with the main focus on trade and investment. CS Foreign Affairs Monica Juma gave this update after the official opening of the two day 3rd Kenya trade and investment summit in Johannesburg. Monica Juma urged private sectors of both Kenya & South Africa to drive the growth of trade […]

Filed Under: Business Tagged With: CS Monica Juma

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