Luxury car sales up 7pc, defying Covid-19 crisis

Nairobi, Jan. 25 -- Sales of new luxury cars rose seven percent in the year ended December, defying the economic slowdown brought by the Covid-19 pandemic. Data from the Kenya Motor Industry Associat... Read More

HF gets Sh1bn capital from Britam

Nairobi, Jan. 21 -- Mortgage financier HF Group has received Sh1 billion from its top shareholder Britam Holdings to boost the lender's capital and loans outside real estate. The cash injection will ... Read More

Isuzu returns to Tanzania market with new dealership

Nairobi, Jan. 21 -- Isuzu East Africa has re-entered the Tanzanian market with the opening of a dealership run by its new distributor - Al Mansour Auto EA (Tanzania) Limited. The Japanese vehicle man... Read More

Britam taps strategist to replace veteran Wairegi

Nairobi, Jan. 18 -- Insurance Group Britam Holdings has appointed Tavaziva Madzinga, a strategy expert, as its chief executive to replace long-serving Benson Wairegi, who is retiring at the end of thi... Read More

Britam picks Zimbabwean Tavaziva Madzinga to replace Wairegi as CEO

Nairobi, Jan. 18 -- Insurance Group Britam Holdings has appointed Zimbabwean Tavaziva Madzinga as its chief executive to replace Benson Wairegi who is retiring on January 31, 2021 after 40 years of se... Read More

Paul Ndung'u removed from SportPesa boards

Nairobi, Jan. 15 -- Businessman Paul Wanderi Ndung'u has been removed from the boards of the international businesses of gaming firm SportPesa. The move marks the latest escalation of the fallout bet... Read More

Britam CEO Wairegi puts off retirement awaiting successor

Nairobi, Jan. 12 -- The term of Britam's #ticker:BRIT chief executive Benson Wairegi has been extended beyond his retirement date of December 31, 2020 as the insurer seeks more time to recruit his rep... Read More

Kenyan dealer loses Porsche franchise

Nairobi, Jan. 11 -- Porsche Centre Nairobi, the Kenyan dealer which has been selling the high-performance German sports cars, has had its contract terminated effective the end of this month. The fran... Read More

PE firm Ascent Capital seekingSh13bn for regional investments

Nairobi, Jan. 11 -- Nairobi-based private equity firm Ascent Capital is seeking to raise a total of $120 million (Sh13.1 billion) from various investors through a new fund. The capital will be invest... Read More

Jubilee plans expansion of life, medical business after Allianz deal

Nairobi, Jan. 11 -- Jubilee Holdings #ticker:JUB plans to expand its life and medical business using the Sh7.7 billion it will receive in its deal with Munich-based insurance giant Allianz SE. The Na... Read More