Kenya’s ticking debt bomb is on the verge of going ‘Ka-boom!’
For a majority of Kenyans, a conversation on spending within their means, increasing their productivity at work, borrowing wisely and investing prudently makes for a very uncomfortable talk full of hard facts.
By Jevans Nyabiage and Emmanuel Were 10 years ago
Kenya’s ticking debt bomb is on the verge of going ‘Ka-boom!’
How Equity Bank lost yuMobile — and what it means for Nakumatt
Equity Bank has always hoped to go big on mobile phone banking as one of the cheapest routes to deliver financial services to its eight million account holders.
By Emmanuel Were and Jevans Nyabiage 10 years ago
How Equity Bank lost yuMobile — and what it means for Nakumatt
What exits and acquisitions in telecoms sector mean for Kenya’s 30.5m subscribers
In the Bible, the number seven is associated with completion and perfection. In the telecoms sector, the number appears to be pretty lucky, too.
By Jevans Nyabiage and Emmanuel Were 10 years ago
What exits and acquisitions in telecoms sector mean for Kenya’s 30.5m subscribers
Team Uhuru a year later: Money, glory and power follow brains behind TNA campaign
Business Beat went in search of some of the members of TNA who helped craft President Uhuru Kenyatta’s campaign but remained unknown. Some have started their own businesses, others have opted to stay in the civil service. For those in business, the work they did for the President has opened so many doors, that in some cases, they have to turn away clients. These are their stories:
By Emmanuel Were and Jevans Nyabiage 10 years ago
Team Uhuru a year later: Money, glory and power follow brains behind TNA campaign
Orange Mobile considers viability, exit options
With yuMobile’s exit due to be finalised and its assets stripped, another key mobile operator may be following in its steps and could soon announce its way out from the Kenyan market.
By Jevans Nyabiage and Emmanuel Were 10 years ago
Orange Mobile considers viability, exit options
Land rich, cash poor: NSE firms struggle for profit despite sitting on acres of wealth
The UK-based Robinow brothers will be in town this week. The two own 57 per cent of Nairobi Securities Exchange-listed Rea Vipingo, the largest sisal producer in Africa, and want to buy out the other shareholders.
By Emmanuel Were and Jevans Nyabiage 10 years ago
Land rich, cash poor: NSE firms struggle for profit despite sitting on acres of wealth
Equity Bank versus KCB: Who will control the future?
The tale of KCB and Equity Bank is bound to get most interesting this year as the two largest Kenyan banks by assets race to dominate business in the region.
By Jevans Nyabiage and Emmanuel Were 10 years ago
Equity Bank versus KCB: Who will control the future?
Goodbye to yu? Intrigues behind sale of third-largest mobile operator
Essar Group’s sale of a stake in yuMobile to raise Sh8.5 billion for the teleco’s operations is said to have attracted bids from its competitors such as Safaricom and Airtel.
By Jevans Nyabiage and Emmanuel Were 10 years ago
Goodbye to yu? Intrigues behind sale of third-largest mobile operator
Why there’s a fuss and fight over cement
That there has been a property boom in Kenya goes without saying. It is plain for everyone to see. Real estate agents across the country have made money. Land speculators have bet big, and so far it is paying off.
By Emmanuel Were and Jevans Nyabiage 10 years ago
Why there’s a fuss and fight over cement
Is there really a growing middle class or are loans driving increased consumption?
The talk of town is that Kenya’s middle class is growing. On the face of it, it is evident — the display of affluence is conspicuous.
By Jevans Nyabiage and Emmanuel Were 10 years ago
Is there really a growing middle class or are loans driving increased consumption?
Cement wars hot up ahead of Nigeria’s ‘game changing’ entry into sector
There have been a lot of undercurrents in Kenya’s cement sector the last three months.
By Jevans Nyabiage and Emmanuel Were 10 years ago
Cement wars hot up ahead of Nigeria’s ‘game changing’ entry into sector
Is Dangote to be feared or dismissed? Well, depends on whom you ask
It has been six months since Aliko Dangote announced plans to set up from scratch a Sh34 billion cement plant in Kenya.
By Jevans Nyabiage and Emmanuel Were 10 years ago
Is Dangote to be feared or dismissed? Well, depends on whom you ask
Rotich fails to take charge of bull’s run worth billion
The strong rally of shares at the Nairobi Securities Exchange has reignited debate as to whether the government has missed out on billions of shilling in tax revenue by not introducing capital gains tax on shares traded at the bourse.
By Emmanuel Were 10 years ago
Rotich fails to take charge of bull’s run worth billion
How insurance will create Kenya’s next crop of billionaires
In November last year, the Society for International Development released a report on the state of East Africa.
By Emmanuel Were 10 years ago
How insurance will create Kenya’s next crop of billionaires
As Safaricom shows off its might in financial services, will its shares hit Sh15?
On Friday, Safaricom shares touched an all-time high of Sh12.80. The mother of all stock market questions is whether the stock that started trading at the Nairobi bourse more than five years ago has the momentum to get to Sh15 in the coming weeks, if not days.
By Jevans Nyabiage and Emmanuel Were 10 years ago
As Safaricom shows off its might in financial services, will its shares hit Sh15?
Understanding the NSSF Act: Costs and consequences
With the new NSSF Act, workers will have to give the State-run fund more money from June, but it’s not all bad news
By Kagure Gacheche and Emmanuel Were 10 years ago
Understanding the NSSF Act: Costs and consequences
De La Rue dangles quick returns on currency deal to woo State
British currency printer, De La Rue is wooing the Government with the promise of a quick return on investment to push through a joint venture currency printing agreement.
By Emmanuel Were 10 years ago
De La Rue dangles quick returns on currency deal to woo State
Queries emerge as De La Rue rushes to beat currency deal deadline
British currency printer De La Rue has boxed the Kenyan government into a corner to push through a partnership deal by next month.
By BY EMMANUEL WERE 10 years ago
Queries emerge as De La Rue rushes to beat currency deal deadline
Orange Kenya, Safaricom: Who is cheapest in town?
The gloves are off for a new round of mudslinging and messy fight for the local mobile phone services market.
By JEVANS NYABIAGE AND EMMANUEL WERE 10 years ago
Orange Kenya, Safaricom:  Who is cheapest in town?
Tragic incident haunts tycoon’s battle to take over Rea Vipingo
In 1964, a year after Kenya’s independence, Somchand Devji Shah, won a Government tender to operate a large sisal plantation and factory in Embu on lease
By Emmanuel Were 10 years ago
Tragic incident haunts tycoon’s battle to take over Rea Vipingo
Kenyan firms stare at massive losses in South Sudan conflict
Will the conflict that has broken out in South Sudan force Kenyan companies to rethink their regional expansion plans that have enjoyed the fruits of peace dividends?
By By EMMANUEL WERE 10 years ago
Kenyan firms stare at massive losses in South Sudan conflict
Stage is set for Orange shareholders to buy Safaricom
The African telecoms landscape is staring at a major shakeup, with the recent revelation that US-based telecom giant AT&T is laying the groundwork for a possible takeover of Vodafone Group next year.
By Jevans Miyungu and Emmanuel Were 10 years ago
Stage is set for Orange shareholders to buy Safaricom
Centum versus UK’s Robinow brothers: A case of barbarians at Rea Vipingo’s gates?
For the next few months, Rea Vipingo shareholders, and Kenyan investors at large, should acquaint themselves with one of the best business books published in the last 30 years, Barbarians at the Gate.
By By EMMANUEL WERE 10 years ago
Centum versus UK’s Robinow brothers: A case of barbarians at Rea Vipingo’s gates?
State’s direct procurement of fuel to lower cost of power
The announcement by the Energy Regulatory Commission (ERC) last week that the price of power for most households will drop beginning next month was met with a lot of confusion.
By By EMMANUEL WERE 11 years ago
State’s direct procurement of fuel to lower cost of power
Bye Bye Nairobi Securities Exchange
There is an interesting trend emerging from companies bidding farewell to the Nairobi Securities Exchange when strategic investors acquire them and take them private.
By BY JACKSON OKOTH AND EMMANUEL WERE 11 years ago
Bye Bye Nairobi Securities Exchange
Will billionaire Kirubi now up stake in Centum Investment?
The window through which the flamboyant billionaire Chris Kirubi can make a purchase of Sh1billion worth of shares in Centum opened last week.
By BY EMMANUEL WERE 11 years ago
Will billionaire Kirubi now up stake in Centum Investment?
Can new digital accounting system end the plunder of public coffers?
Keith*, 26, has worked in the finance department of two government ministries over the last three years.
By BY EMMANUEL WERE 11 years ago
 Can new digital accounting system end the plunder of public coffers?
KCB banks on cheap deposits to grow revenue
KCB plans to use its recently launched mobile banking platform to grow its customer deposits to Sh316 billion by the end of the year
By BY EMMANUEL WERE 11 years ago
KCB banks on cheap deposits to grow revenue
How electricity will fuel Kenya’s industrial growth
Adding one million people every year piles significant pressure on Kenya’s resources
By BY EMMANUEL WERE 11 years ago
How electricity will fuel Kenya’s industrial growth
Economics of mining dims the glossy shine of our newfound mineral wealth
As Kenya finally kicked off its largest mining project this month, there was a mixed sense of hope and uncertainty about the newfound mineral wealth.
By By WINSLEY MASESE and EMMANUEL WERE 11 years ago
Economics of mining dims the glossy shine of our newfound mineral wealth
Privatisation blunders: Is Kenya government getting the short end of the stick?
When the government sold Telkom Kenya to the French in December 2007, the main objective was to stop the perpetual pumping of taxpayers’ money into what had evolved into an inefficient monolith.
By By JEVANS NYABIAGE and EMMANUEL WERE 11 years ago
Privatisation blunders: Is Kenya government getting the short end of the stick?
Oil executive warned of long jail term
The KenolKobil chief executive officer faces up to six months in jail if he does not appear in court to hear a case filed by the oil marketers’ employees, court documents show.
By EMMANUEL WERE 11 years ago
Oil executive warned of long jail term
The new crop of power brokers who will drive Kenya’s economy
Devolution: A behind-the-scenes look at the men tasked with running counties and managing their resources.
By By EMMANUEL WERE 11 years ago
The new crop of power brokers who will drive Kenya’s economy
Attack on Westgate exposes economy’s Achilles’ heel
Kenya’s global competitiveness may be up, but its ‘worrisome’ security continues to deter greater foreign investor interest
By By EMMANUEL WERE and KAGURE GACHECHE 11 years ago
Attack on Westgate exposes economy’s Achilles’ heel
KRA smokes out audit firms and multinationals in Sh4b tax evasion scheme
Kenya’s chief taxman John Njiraini has put local audit firms on the spot for their role in helping multinational firms evade paying billions of shillings in taxes.
By By JACKSON OKOTH and EMMANUEL WERE 11 years ago
KRA smokes out audit firms and multinationals in Sh4b tax evasion scheme
KCB chief executive bets on ICT to leverage earnings
Kenya Commercial Bank (KCB) Chief Executive Officer Joshua Oigara is a shrewd manager. During a media interview in December last year, after being appointed KCB’s group chief executive, he demonstrated his embracing of technology as the modern way of doing business.
By By EMMANUEL WERE 11 years ago
KCB chief executive bets on ICT to leverage earnings
Why EABL net earnings declined by 38 per cent
East African Breweries Limited (EABL) has reported a 38 per cent drop in profits after tax in its full year results ending June 2013.
By Emmanuel Were 11 years ago
Why EABL net earnings declined by 38 per cent
US offers help for Uhuru’s first major crisis
“This was a simple fire gone bad,” with those words President Uhuru Kenyatta ruled out the possibility of terrorism on the fire that broke out on August 7, at Jomo Kenyatta International Airport in Nairobi.
By - EMMANUEL WERE 11 years ago
US offers help for Uhuru’s first major crisis
Staff to face security, logistical challenges
Airport officials expect several months of security and logistical challenges as they struggle to offer “normal” passenger services with limited facilities.
By - EMMANUEL WERE 11 years ago
Staff to face security, logistical challenges
JKIA fire could have been contained
The devastating damage to a section of the country’s biggest airport by a fire witnesses said spread fast because of poor response, put the Kenya Airport Authority’s emergency response on the spot.
By - PAUL WAFULA and EMMANUEL WERE 11 years ago
JKIA fire could have been contained