Nakumatt’s Miscalculation trying to grow too far too fast!

* East Africa’s biggest supermarket chain * More than 30,000 jobs affected directly and indirectly * Suppliers also hurt badly * Outdated management, IT systems among factors seen to blame * Foreign chains see opportunity By Duncan Miriri NAIROBI, Nov 9 (Reuters) – The implosion of a family-owned Kenyan mattress shop that grew to become East More...

by admin | Published 1 week ago
By admin On Saturday, November 4th, 2017

Kenya’s Biggest Company Says Politics is Hurting Profit Growth

Safaricom Ltd. said political uncertainty surrounding Kenya’s prolonged presidential election period had affected the performance of East Africa’s largest company after it reported a slowdown in first-half More...

By admin On Wednesday, November 1st, 2017

Kenyan farmers to benefit from EU agriculture export subsidies cut

Kenyan farmers are set to enjoy a bigger market share after the European Union committed to cut agricultural export subsidies by end of January in line with a World Trade Organisation (WTO) landmark decision passed More...

By admin On Saturday, October 28th, 2017

Kenya reels as post-election chaos worsens

airobi – Kenya found itself in a dangerous limbo on Saturday after two days of violent protests sparked by a deeply divisive presidential election that left eight people dead and scores injured. It is the More...

By admin On Tuesday, October 24th, 2017

Raila Odinga: Kenya’s opposition chief makes final gamble

Raila Odinga seems to have inherited the political misfortune of his father, Jaramogi Oginga Odinga, who led the opposition for three decades but never Kenya Raila Odinga Raila Odinga, Kenya’s veteran More...

By admin On Monday, October 23rd, 2017

NSE ranked worst performing frontier market

Nairobi Securities Exchange staff monitors electronic trade. FILE PHOTO | NMG The Nairobi Securities Exchange (NSE) #ticker:NSE was ranked the worst performing in the world, according to MSCI Indices tracking More...

By admin On Wednesday, October 18th, 2017

Kenyan Central Bank Moves to Ease Investors’ Vote Concerns

Source; Bloomberg Kenya’s central bank is communicating a sense of normalcy and continuity to investors amid uncertainty about the country’s protracted elections, Governor Patrick Njoroge said. Institutions More...

By admin On Wednesday, October 18th, 2017

Kenyan Election Authority in Disarray a Week Before Repeat Vote

Preparations for Kenya’s presidential election rerun next week are in disarray after a top official of the commission organizing the vote resigned and fled the East African nation and its chairman said his efforts More...

By admin On Tuesday, October 17th, 2017

Kenya Opposition Suspends Protests After Supporters Are Killed

Bloomberg Kenya’s main opposition group suspended protests calling for electoral reform as it accused the government of deliberately targeting supporters in a series of killings since the country’s annulled More...

By admin On Wednesday, October 11th, 2017

Kenya’s Economy stifled by political uncertainity

NAIROBI “Time for an interview? I have a lot of time at the moment,” said Owino Onyango, sweating as he stepped out of his blacksmith’s shop in Nairobi to talk business, and politics. “Business More...