Kenya Power has listed Mama Ngina Kenyatta as its fourth largest individual investor, making the electricity distributor the only Nairobi bourse-listed company bearing her name on the shareholder

The idea of starting Trans-Century was born during a round of golf on the fairway at the Muthaiga Golf Club in Nairobi.

Firm says the electrical cables with its logo are bringing disrepute to its products, threatening investments

There are increasing cases of payment defaults, slow uptake of new units and lenders avoiding the market segment

Kenya Airways shareholders will not receive a dividend for the first time in 14 years after the carrier reported the biggest loss in the history of companies listed at the NSE.

The airline has hired consultants, McKinsey and Seabury to spearhead revival strategy.

The valuation of Home Afrika stock could complicate the real estate developer’s plans for an IPO, analysts said, as they predicted a further drop in the firm’s share price.

The company, which has long lamented intense competition from cheaper imports, did not say what made it throw in the towel.

Tata Chemicals Magadi is to scale down operation by closing down its main factory, leaving more than 200 permanent workers jobless.

HSBC opted to exit Kenya as part of the group’s restructuring that has seen it scale down operations.

The money is owed to the government, banks, suppliers, Kenya Sugar Board and cane farmers.

Looting and financial malpractice at Mumias Sugar Company could be responsible for the current situation

Managing Director Evans Kidero and his successor at Mumias Sugar, Mr Peter Kebati, ignored repeated calls by auditors and the company’s board of directors to seal gaping corruption loopholes at...

Battery maker Eveready East Africa has closed down its dry cell plant in Nakuru after grappling with unrelenting competition from low-cost imports.

Cadbury Kenya plans to close down its manufacturing plant in Nairobi as part of a global transformation strategy to reinvent its supply chain.

About 500 employees of Telkom Kenya will lose their jobs in a new round of retrenchments that will see the mobile company send home over a third of its current work force.

The Central Bank of Kenya has been given the green light for the liquidation of Dubai Bank Kenya, which has...

SBM Holdings of Mauritius’ looming takeover of Chase Bank is coming with possible loss of scores of jobs.

More than 2,600 workers of one-time world’s largest rose flower producer, Karuturi Limited, were Friday sent home as the firm shut operations.

Business tycoon Peter Kuguru recently put his 20-year-old Softa beverages company up for sale, marking the end of an era in which a Kenyan firm took global giant Coca-Cola head-on.

Staff size at the year-end was 901 compared with 932 the previous year.

Troubled fashion and clothing retailer Deacons East Africa has closed shop after 60 years.

Forensic investigations also point fingers of complicity at the Central Bank of Kenya (CBK) which regulates financial institutions in the country

Some analysts attribute the layoff wave to the high cost of labour and production and mass adoption of technology.

The lenders attribute this increase to rising staff salaries.

Nakumatt is entering a market where its closest competitor in Kenya and Uganda – Uchumi – has already established itself. What tactics will Nakumatt employ to be ahead of the competition?

The disruption that happened following the closure of Charterhouse was a major factor in its fall.

The retailer has been struggling to grow market share in an increasingly competitive retail market.

Pressure piles on increasing job losses as companies cut on high operational costs.

The Kericho County economy will lose an estimated Sh1.8 billion annually from the closure of two farms owned by Finlays Flowers Company.

Embattled betting firm SportPesa has sent home all its 400 employees in the aftermath of its lost battle with government on the renewal of its license.

At least 200 employees in Kenya and South Sudan are set to be laid off by passenger and cargo carrier Air Afrik come November, 2019.

The company is the latest to announce layoffs in the current downsizing wave.

The airline is yet to resume operations months since the Kenya Civil Aviation Authority temporarily suspended it following a series of mishaps.

At least 7,000 Kenyans have lost their jobs in 2019 alone in a spate of mass layoffs that have hit more than 10 companies in the country. Companies from nearly all sectors including finance, teleco...

The supermarket has reached out to KCB for a $5.1 million loan to pay off its suppliers.

The number of goods claimed to have been supplied differed from what was on the shelves.

The company is currently being watched by the Competition Authority of Kenya (CAK) after it defaulted on suppliers.

South Africa's Shoprite Holdings will lay off 115 staff and close another Kenyan store, less than a year after its opening as part of the supermarket's expansion into the east African country, a...

The supermarket chain said it would open seven stores in Kenya.

Kenya has discovered oil in Turkana in what is seen as a significant breakthrough in its exploration efforts.

Tullow planned exit from its equity stake in Project Oil Kenya has opened up fresh questions into the country’s future oil exploits.

Force majeure is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties.

The company has asked staff to apply for voluntary early retirement.

The company offers to pay dues in three years as workers threaten to sue

The company has been running a voluntary retirement programme since 2018.

Five years ago, it was hard to come by any formal numbers for annual VC investment in Africa. These days the challenge is choosing which number to follow. That’s the case with three venture funding...