Browsing All Posts published on »September, 2011«

Statement by Safaricom CEO on price adjustments

September 30, 2011

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MEDIA STATEMENT BY SAFARICOM ON TARIFF ADJUSTMENT- ISSUED ON SEPTEMBER 30, 2011 As you are no doubt aware, our country Kenya is facing one of its most difficult and challenging economic situations in recent years. The overall rate of inflation now stands at 17.32% for September, the highest it has been since 2008 and the […]

Kenyan PR Campaign Wins Global Award

September 30, 2011

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Unilever’s “Surprisingly Lifebuoy Campaign” is the winner of the Global SABRE award in the Consumer Marketing/Existing Product category. The campaign, Surprisingly Lifebuoy, was implemented by leading public relations agency Apex Communications Ltd for Unilever to support the re-launch of the soap under a new positioning. Key highlights of the campaign were the launch of the […]

PM Odinga’s statement on the shilling

September 29, 2011

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PRESS STATEMENT FROM PM ODINGA’S OFFICE The Prime Minister today called a high level meeting involving key government institutions including the Office of the President, Treasury, The Central Bank of Kenya, The Ministry of Planning, National Development and Vision 2030, the Kenya National Bureau of Statistics and the Vision 2030 Secretariat to address the current […]

Central Bank Statement on the Kenyan Shilling

September 27, 2011

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PRESS RELEASE SUPPORTING CORPORATE DEMAND FOR FOREIGN EXCHANGE TO EASE EXCHANGE RATE PRESSURE The Central Bank of Kenya has been taking action in an effort to moderate the rate of the weakening of the Kenya Shilling by selling foreign exchange directly to commercial banks. However, this has not achieved the desired objective due to lack […]

CMC shares frozen for three more months

September 27, 2011

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Shares of CMC Holdings have been suspended for a further three months. The suspension by the Capital Markets Authority came after the lapse of the initial seven days. A statement from the regulator says ‘the extended suspension period is expected to facilitate ongoing investigations by CMA of allegations relating to CMC Holdings’ This means that […]

KQ’s Bram Steller flies out to head Air Seychelles

September 17, 2011

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Kenya Airways Chief Operating Officer Mr Bram Steller leaves the company at the end of the month to join Air Seychelles. Mr Steller, who has been with the company since 2008 will be the new Chief Executive Officer of  Air Seychelles following a recent restructuring. At Kenya Airways, Mr Steller had his hands full overseeing […]

TransCentury and Centum CEO’s among top 10 young power men in Africa

September 14, 2011

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Mr James Mworia, Kenyan, CEO, Centum Investments and Dr Gachao Kiuna, CEO TransCentury are among the top 10 young power men in the continent according to Forbes. The lust has among other Congo DR president Joseph Kabila and Julius Malema, President Youth League of South Africa’s ruling Action National Congress (ANC) According to Mfonobong Nsehe, a […]