Some merchandise available at a Deacons shop. Deacons has posted a Ksh33.27 million ($386,813) loss after tax for the period ended December last year on account of one off costs associated with new retail stores in Rwanda and Kenya. Photo/FILE

The Big Story

Deacons posts losses on expansion, Tanzania restructuring costs

Posted 2 days ago

Clothing and consumer goods retailer Deacons has posted a Ksh33.27 million ($386,813) loss after tax for the period ended December last year on account of one off costs associated with new retail stores in Rwanda and Kenya...

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News

Faced with growing deficits, they resort to new taxes to raise cash for a new slate of expensive infrastructure projects, while keeping basic social spending intact. NATION MEDIA GROUP

EA ministers bet on life after donors, raise spending

Posted 4 days ago

Faced with growing deficits, East African finance ministers resorted to new taxes to raise cash for a new slate of expensive...

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News

The refinery in Changamwe, Mombasa. FILE

Refinery: Oil dealers wage war on each other

Posted 4 days ago

Only a week after Kenya suspended some 10 oil marketers over defaults in servicing a $350 million credit facility and lifting...

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News

Workers fix the tracks where a train was derailed. The Kenyan government has set aside Ksh22 billion ($258 million) for construction of a standard gauge railway track between Mombasa and Kisumu. FILE

Kenya in tax measures to build infrastructure, cushion old and poor

Posted 4 days ago

Kenyans will have to dig deeper into their pockets to finance key infrastructure and social projects, while at the same time...

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Business

Workers lay Access Kenya cables in Nairobi. FILE

Regional telcos become target for global giants

Posted 4 days ago

Telecommunication companies have become takeover targets by global giants, which are seeking a foothold in the fast growing...

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Business

Fly540 staff in Nairobi. Fastjet has a stake in the low-cost airline. FILE

Fastjet to sell slice of Dar stake

Posted 4 days ago

Low-cost airline Fastjet is expected to sell part of its stake in its Tanzania operations, as it prepares to expand to the...

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Business

PineBridge Investments East Africa Ltd CEO Jonathan Stichbury speaks at a media briefing in Nairobi. The Nairobi office will start handling more business after the parent company announced plans to expand its operations in the EAC. FILE

PineBridge to expand private equity operations in EAC

Posted 4 days ago

East Africa-based private equity firms are likely to receive more capital inflows after PineBridge Private Funds Group...

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