business
Kenya’s John Musunga picked to head Diageo’s new outfit
John Musunga has been appointed to head Diageo Africa’s newly formed South, West and Central...
Morgan Stanley blocks Kenyan firms from global index on dollar shortage
The Morgan Stanley Capital International has barred new Kenyan companies from joining its...
Why court spared 3.2 million Kenyans from housing levy
More than 3.2 million Kenyans in formal employment have been spared from paying the contentious...
Mark Cuban Is Selling a “Significant Stake” of the Dallas Mavericks
Mark Cuban is reportedly selling a majority stake of the Dallas Mavericks to billionaire Miriam Adelson. According to industry insider Marc Stein, he reports that "The Adelson family is in the process" of buying its way in the the ownership of the NBA franchise, which has been owned by Cuban since 2000. While he is selling a "significant stake," Cuban is said to "continue to retain operational and control of the team." In the past, Cuban has mentioned that he has a strong vision for the team's future arena which appears to hold the a mirror to the Las Vegas-style casinos and resorts. With Miriam Adelson on board, who is part of the Adelson family that owns the Las Vegas Sands, they will have plenty of experience. Recently, Miriam sold $2 billion USD worth of her Sands stock with the intent...
Compensation for customers of collapsed stockbrokers raised four times
The Treasury has raised the compensation paid to investors who lose money when a brokerage...
High Court suspends decision quashing Housing Levy
High Court judges rule the collection of Housing Levy only from salaried employees...
Epra CEO, Daniel Kiptoo cleared of contempt of court charges
High Court judges say for one to be punished for contempt of court, it must be shown that his...
The Willis Hotel: A Haven of Hospitality in Bomet
In the heart of Bomet County, The Willis Hotel stands as a testament to the region's growing...
DTB nine-month net profit hits Sh6 billion
Diamond Trust Bank (DTB) Kenya net profit for the first nine months of trading grew by 4.3...
Sameer builds warehouse in real estate expansion drive
Sameer Africa has launched construction of a new Sh260 million industrial warehouse within its...
Top banks set aside Sh62bn, anticipate record defaults
Eight tier-1 banks including Equity, KCB and Stanbic have increased their loan-loss provisions...
Sh200 billion assets-rich parastatals put on sale
President Ruto’s administration is proposing to sell 11 parastatals with an asset value of more...
