by Melissa Oduor | Apr 9, 2020 | BUSINESS NEWS
The Central Bank of Kenya has suspended Absa Bank Kenya’s foreign exchange license for seven days. This is after the bank failed to report specific foreign exchange trades it conducted in March 2020. In a statement today, CBK governor Dr. Patrick Njoroge said in...
by Melissa Oduor | Apr 9, 2020 | BUSINESS NEWS
Dr Peter Kamunyo Gathege has been appointed the news National Social Insurance Fund (NHIF) Chief Executive Officer. According to the NHIF Board, Dr. Gathege’s appointment takes effect on April 14. following a competitive recruitment process. Dr. Gathege takes over...
by Melissa Oduor | Apr 8, 2020 | BUSINESS NEWS
Cabinet Secretary for Tourism and Wildlife Najib Balala has asked global Tourism and Travel organizations to form alliances and create synergies in the spirit of collaboration against the Coronavirus (Covid-19) crisis which has affected the industry. He said this...
by Melissa Oduor | Apr 7, 2020 | BUSINESS NEWS
Association of Manufacturers (KAM) and Beiersdorf Kenya have today partnered to donate alcohol-based hand sanitizers to public transport users, through Matatu Owners Association (MOA). Beiersdorf, manufacturers of personal skincare products, established a line of hand...
by Melissa Oduor | Apr 6, 2020 | BUSINESS NEWS
Safaricom and Vodacom have announced that they have completed the acquisition of the M-PESA brand, product development and support services from Vodafone through a newly-created joint venture. The transaction, which was first announced in 2019, will accelerate...
by Melissa Oduor | Apr 6, 2020 | BUSINESS NEWS
Co-op Bank has donated Ksh100 million cash contribution to support ongoing efforts to combat Covid-19. The funds are expected to be channeled through the Covid-19 Emergency Response Fund and facilitate the purchase of ventilators which are considered crucial in the...
