Tuskys Supermarket is planning to join NSE amid sibling rivalry

Standard Digital has reported that Tuskys Supermarket is planning to join the Nairobi Securities Exchange through an Initial Public Offering (IPO). According to Standard Digital, this revelation was made when Tuskys’ Chief Executive Officer Dan Githua visit Standard Media Group’s CEO Sam Shollei in his Mombasa Rd office. “We have the mandate from the owners of the

Soon peer to peer lending in Kenya will overtake mobile money loans

There is a word experts and laymen alike use whenever unemployment is discussed – entrepreneurship. Entrepreneurship has not only been seen as the savior of unemployed youth but also as an avenue for both personal and national growth, leading to mushrooming of several entrepreneurship forums including the Obama led Global Entrepreneurship Summit (GES) that saw

Helios buys more Equity Bank shares weeks after making shs 48 billion

Helios Investment Partners, the UK firm that has entered into an agreement with the French company Orange over the takeover of Telkom Kenya, held a 24.99% stake in Equity Bank that it bought for about shs 11 billion in December 2007. When the investment firm was in talks with Orange, it decided to sell its initial

The collapse of Dubai Bank could be the reason CBK stopped licensing new Commercial Banks

The Central Bank of Kenya, in a statement to the press, put on hold licensing of new commercial banks until further notice. “The Central Bank of Kenya has, with immediate effect, placed a moratorium on the licensing of new commercial banks until further notice”, the statement read in part. Although CBK did not give reasons