Wednesday, April 25, 2018

150 NBK employees to join growing list of banks lay-off

NAIROBI, KENYA: The National Bank of Kenya (NBK) will send home 150 employees by February 1, 2018 in a fresh round of restructuring aimed...

First commercial credit bureau in SSA to launch [VIDEO]

About 2.2 million micro- small- and medium enterprises have closed in five years, resulting in 1.6 million job losses, the Kenya Bureau of Statistics...

This Kenyan Short Film Has Been Nominated for an Oscar

'Watu Wote' is based on the real-life events of the 2015 Mandera bus attack. Kenyan film Watu Wote has been nominated for an Oscar award for Best...

Kenya’s Nakumatt Supermarkets goes into administration

Nakumatt, which expanded from a mattress shop in a rural town to have branches across Kenya and East Africa, was forced to shut more...

How traders preyed on subsidy to bring in huge stocks of...

Importers took advantage of the Government’s political move to offer subsidies to smuggle in billions of shillings worth of goods without paying taxes. While the Government sacrificed...

Kenya’s Jambojet to start flights to Uganda next month

Nairobi, Kenya | THE INDEPENDENT | Nairobi based budget airline Jambojet is set to expand its wings in East Africa with the launch of a...

Experts warn of Africa’s new debt crisis

Concern is growing that 2018 could be the year that sub-Saharan Africa sees a new debt crisis, nearly 20 years since the last one...

Forget Runda, welcome to the richest neighbourhood in Africa

Sandton, Johannesburg's ultra-modern business hub, has been termed Africa's richest square mile. This is not an understatement. Located north of the city and stretching across...

KNCCI to expand Kenyan business opportunities in the US market

Over 2000 commercial enterprises in three counties are set to expand their business opportunities into the expansive US market by December 2018. This follows the...

Sale of sugar mills to private investors concludes in August

The Privatisation Commission plans to complete the sale of five state-owned sugar mills by August 2018, removing the most important excuse Kenya has used...