Kevin Rotich

3 days ago | capitalfm.co.ke | Kevin Rotich

NAIROBI, Kenya, Apr 11 – A long-running legal battle over more than 9,000 acres of contested land in Kisumu County has taken a new twist after a lawyer representing Miwani Sugar Company (in Receivership) rejected a proposed government-brokered consent settlement, citing constitutional and legal concerns.

5 days ago | capitalfm.co.ke | Kevin Rotich

NAIROBI, Kenya, May 9 – Safaricom’s net profit for the full year ending March this year grew by 10.8 percent to Sh69.8 billion compared to a similar period last year, buoyed by high M-Pesa and data revenues. For instance, M-Pesa expanded by 15.2 percent year-on-year, contributing Sh161 billion, or 44.2 percent of Kenya’s service revenue, which stood at Sh388.7 billion.

1 week ago | capitalfm.co.ke | Kevin Rotich

NAIROBI, Kenya, May 7 – The Competition Authority of Kenya (CAK) has approved the acquisition of Pollman’s Tours and Safaris Limited by Africa Travel Investments Limited. In the proposed takeover, the acquirer will take over 100 percent of Pollman’s entire issued share capital. Pollman’s, which was founded in the 1950s by Karl Pollman, offers safaris as well as sells travel packages globally. Travel Investment Limited (Africa Travel) is a company incorporated in Europe, which also offers safaris.

1 week ago | capitalfm.co.ke | Kevin Rotich

By Shishir GuptaMAY 6 – Despite advancements in technology, many people in emerging economies are still unable to access global financial systems, send or receive payments and store wealth due to limited access to banking. According to the Kenya Bankers Association (KBA), less than 37 percent of Kenyans have access to a bank account — those most disadvantaged being the people living in remote, rural areas.

1 week ago | capitalfm.co.ke | Kevin Rotich

NAIROBI, Kenya, May 6 – Del Monte Kenya plans to add value to pineapple waste with the acquisition of Mananasi Fibre Limited (MFL). The deal, which was approved yesterday by the Competition Authority of Kenya (CAK), saw the Thika-based firm acquire 100 percent of the issued share capital of MFL. Whereas Del Monte Kenya cultivates, produces, and cans pineapple products, MFL transforms pineapple plant waste into valuable products.