The Big Story
Deacons posts losses on expansion, Tanzania restructuring costs
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...
News
EA ministers bet on life after donors, raise spending
Faced with growing deficits, East African finance ministers resorted to new taxes to raise cash for a new slate of expensive...
News
Refinery: Oil dealers wage war on each other
Only a week after Kenya suspended some 10 oil marketers over defaults in servicing a $350 million credit facility and lifting...
News
Kenya in tax measures to build infrastructure, cushion old and poor
Kenyans will have to dig deeper into their pockets to finance key infrastructure and social projects, while at the same time...
Business
Regional telcos become target for global giants
Telecommunication companies have become takeover targets by global giants, which are seeking a foothold in the fast growing...
Business
Fastjet to sell slice of Dar stake
Low-cost airline Fastjet is expected to sell part of its stake in its Tanzania operations, as it prepares to expand to the...
Business
PineBridge to expand private equity operations in EAC
East Africa-based private equity firms are likely to receive more capital inflows after PineBridge Private Funds Group...
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