Parliament has questioned Tanzanian tycoon Edhah Abdallah Munif’s bid to purchase an additional 29.2 percent stake in East Africa Portland Cement (EAPC) amid concerns that he would dominate the board ...

Paul Wanderi Ndung’u, one of the shareholders of Pevans East Africa (left), and Sportpesa Chief Executive Officer Ronald Karauri. A forged court order was used to lock out businessman Paul Ndung’u ...

The company said it had no choice but to terminate her employment as a result of her continued absence from her workplace without leave. The Employment and Labour Relations Court has nullified the ...

Foreign investors are shying away from buying shares at the Nairobi Securities Exchange in the wake of rising returns from the US, United Kingdom, China, and Japan markets. The foreigners have been ...

Sugar sector stakeholders have given a parliamentary committee mixed submissions on the newly reintroduced Sugar Development Levy, with some demanding the tax rate be lowered to one percent while ...

As reported in the Business Daily this week, the Trade ministry has at last acknowledged the devastating impact of the 17.5 percent Export Promotion Levy on clinker and steel billet imports. This ...

Crown Paints’ long-serving chief executive officer Rakesh Rao has stepped down after 20 years, during which the company recorded major growth in earnings and sales, and expanded into the regional ...

London Stock Exchange (LSE). Kenya has launched a buyback of its $1bn 10-year Eurobond buyback at the bourse. Kenya has launched a buyback of the $1 billion (Sh129.23 billion), 10-year Eurobond that ...

Across Kenya, there is a strong sentiment that there is no money on the ground. Mama Mboga in informal markets, small business owners, and even salaried employees complain that they don’t have money.

For many banks, lending to small businesses is always seen as a risky affair. But Prime Bank, now with three decades of betting on small businesses, explains how it finds the sweet spot in an area ...

“I am Wynton Marsalis. I am a musician from New Orleans. My father is a musician and I have three brothers who are also musicians,” the iconic American trumpeter, bandleader, music teacher and scion ...

Eighteen saccos have converted Sh660 million worth of claims in Kuscco Mutual Assurance Limited (KMAL) into an undisclosed stake in the entity ahead of the planned sale of a majority ownership in the ...