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HF GROUP Q1 profits jump to Kes37Mn

Housing Finance Group posted quarter one after tax profit of Sh37 million for the period ending March 31, 2017. Total Interest income declined by 12.9 percent during the period under review to Kes 1.612 billion down from Kes 1.85 billion…

Tuskys opens 64th branch in Parklands

Regional retailer Tusker Mattresses, has opened the doors to its 64th branch at the new Diamond Plaza II Shopping complex in Nairobi's Parklands area. The opening of the Kshs 150 million supermarket further confirms the retailer's…

Kenya Power sends packing 18 employees

Kenya's utility company, Kenya Power Monday morning  sent home 18 employees linked to questionable multi-billion shilling contracts. Only one out of the 19 individuals mentioned in the internal audit escaped the hook. The firm also…

The mirage of Djibouti’s economic success

EXX Africa published a special report on the country's investment outlook on 24 May 2018. At first sight, Djibouti seems to be an attractive investment destination in an otherwise troubled Horn of Africa region. The country's apparent…

Frank Ireri to call it a day at HF Group

HF Group Managing Director ( GMD) Frank Ireri has notified the Board of his intention not to renew his current 4 - year contract that ends in March 2019. In a letter sent to the capital market’s regulator , the CMA,  Board Chairman Steve…

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