Financial services firm, Britam Holdings Plc, has today posted a profit before tax of Kshs. 1.04 billion for the half-year period ending June 30, 2022. This is a significant improvement …
Old Mutual Holdings PLC has posted a loss before tax of KES 375 million in the first six months of 2022 compared to a profit before tax of KES 552 …
Family Bank Group has posted a 2.3 billion shillings Profit Before Tax in the first six months of 2022. This is a remarkable 37.4 percent increase in Profit before tax …
The local avocado growers and exporters may soon enjoy further market diversification opportunities’ in Malaysia as part of ongoing trade facilitation efforts by the Kenya Plant Health inspectorate Service (KEPHIS). …
The Co-operative Bank of Kenya made 11.5 billion shillings in half-year profits to June, a 55.4 percent growth pegged on customer lending and payment charges. At the same time last …
Fahari Aviation, a subsidiary of Kenya Airways PLC has signed a service agreement with Kipkebe Ltd, which is a subsidiary of Sasini PLC, to offer precision agricultural services. Fahari Aviation …
KCB Group PLC reported net earnings of KShs.19.6 billion for the six months ending June 30, 2022, a 28.4% rise from last year. The growth from KShs.15.3 billion was driven …
The government now has about 504 billion shillings in terms of pending bills. This is cash owed to supplies by ministries, county governments, and government parastatals. County governments and universities …
Bank of Kigali has booked KES926 million (Rwf8.1 billion, ($7.9 million) new customer deposits from Rwandans in diaspora within four months. The cash deposits were collected from existing and new …
There have been concerns about the availability of the 100-shilling subsidized unga with Kenyans saying that the unga disappeared from the shelves immediately after the announcement was made. There have …
The Board of Britam Holdings Plc is pleased to announce the appointment of Mr. Tom Gitogo as the Group Managing Director and Chief Executive Officer effective 1st September 2022, subject …
Mi Vida Homes today announced the successful completion of Mi Vida at Garden City, a mid-market housing development that is its first in a planned KES 12 billion investment roll-out …
East African Breweries PLC (EABL) has reported 109.4 billion shillings in net sales for the full year ended 30 June 2022, representing a 27 percent growth compared to the same …
Absa Bank Kenya has announced that it will invest more than 2 billion shillings this year in technological upgrades that significantly improve customers’ banking experiences. Part of this investment has …
Centum Investment Company Plc shareholders are set for a 391 million shillings dividend payout, marking a 77 percent increase in dividend payout compared to the KES219 million paid in the …
Centum real estate reported 650 million shillings consolidated operating profit for the year ended 31st March 2022, driven by earnings from homes sales and development rights business line. Home sales …
The Kenyan economy thrives on the wheels of Small and Medium Enterprises (SMEs). The sector employs about 86 percent of the population and contributes about 45.5 percent to the country’s …
Bustanica has opened the doors to the world’s largest hydroponic farm, backed by an investment of US$40m. The facility is the first vertical farm for Emirates Crop One, the joint …
While climate change may have taken a back seat in a news cycle dominated by COVID-19, war, and the cost-of-living crisis, the risks, and threats associated with our warming planet …
The United Nations has called upon developing nations to restrict advertisements related to cryptocurrency warning of risks associated with the industry. In a document dubbed “all that glitters is not …
Kenya Power and Lighting Company (KPLC) is working on systems that will see customers sharing power tokens the way they do with Bonga Points. This will see customers when moving …
For many new and seasoned cryptocurrency investors, it is important to note that the ecosystem is characterized by bulls and bears – trending upwards or downwards depending on several market …
Autochek has announced the acquisition of CoinAfrique, the leading platform for classified ads in French-speaking Africa, to accelerate the penetration of its auto financing services in Senegal, Côte d’Ivoire, and …
Old Mutual Investment Group (OMIG Kenya), has launched an enhanced private wealth management service for High-Net-Worth individuals, Trusts, families, and companies seeking a tailormade and highly personalized investment service. Available …
In the Nairobi Metropolitan Area (NMA), the residential sector registered improved performance with average total returns coming in at 5.8 percent, 0.3 percentage points increase from 5.5 percent recorded in …
Blackouts are one of the most unpredictable things in Kenya. Now there is light, the next minute there is none with no explanation whatsoever. Nothing frustrates someone when power disappears …
Kasha, the purpose-driven digital retail and distribution platform has joined Jaza Duka, Mastercard’s micro-credit digital lending platform in Africa. The program, launched in partnership with Unilever and KCB Bank Kenya …
Emirates has been recognized for its outstanding ground transport services with awards in multiple categories, at the recent RoSPA awards, held for the first time in Dubai. The only airline …
Owning a car is always a dream of every ordinary Kenyan. Having a car in Kenya is still viewed as a symbol of status and many often strive to own …
Equity Bank has been feted as the Best Bank in Kenya in 2022 Think Business Banking Awards for the 11th consecutive year, reinforcing the Bank’s position as a market leader …
Kenya is among the top 3 countries in Africa to which WorldRemit users globally send money. In data shared with newsrooms globally to mark International Day of Family Remittances, the …
Standard Chartered Bank of Kenya aims to raise ten percent (10%) of its revenue being generated from sustainable sources pegged on the bank’s sustainable economic growth perspective which has two …
Zamara has been feted as the overall Best Insurance Broker of the year, during the 2022 Think Business’ Insurance Awards held on 10th June 2022 at Serena Hotel, Nairobi. The firm …
Regional low-cost airline Jambojet and Pan-African payments company Cellulant have partnered to award customers with over 600 discount vouchers, each worth Kes 3,000. The vouchers will be available to all …
The Board of National Bank of Kenya (NBK) has appointed Peter Kioko as the acting Managing Director for the Bank, effective June 10, 2022. The position became vacant following the …
Safaricom customers will no longer receive their M-Pesa statements via email starting July 1, 2022, according to the new changes by the giant Telco. According to Safaricom, customers will only …
When did the price of tissue paper hit more than 500 shillings in Kenya? People would have imagined anything else doubling in price but not tissue paper. Across various supermarkets, …
For many new and seasoned cryptocurrency investors, it is important to note that the ecosystem is characterized by bulls and bears – trending upwards or downwards depending on several market …
Teachers Service Commission (TSC) is currently implementing the first phase of the 2021-2025 Collective Bargaining Assessment CBA. This Collective Bargaining Agreement that kicked off in July 2021 is a non-monetary …
Pwani Oil, the Freshfri, Salit, and Fry Mate cooking oils manufacturer have shut down operations due to an acute shortage of raw materials occasioned by the limited access to the …
The 16th edition of the African Banker Awards Gala Ceremony took place at the Kempinski Hotel, in Accra, Ghana. The event was held under the High Patronage of the African …
In early March, The Ascott Limited, one of the leading international lodging owner-operators, debuted its first investment in the East African region with the opening of Somerset Westview Nairobi – …
Bank of Kigali Group has reported a 39.28 percent growth in net profit to 1.8 billion shillings, driven by an increase in lending and transactions income as well as efficiency …
Fresh Produce Consortium Kenya, the leading organization committed to promoting the production and supply of high-quality fresh horticultural produce in Kenya, has created an avocado and banana digital communication and …
The Co-operative Bank of Kenya virtually held its 14th Annual General Meeting. This is the third time the meeting has been held virtually following amendments to the law governing annual …
Co-op Bank Group is pleased to report a Profit Before Tax of 7.78 billion shillings for the first quarter of 2022, a commendable 56 percent growth compared to 4.98 Billion …
Absa Bank Kenya PLC has today reported a Profit after Tax of 3 billion shillings for the quarter ending 31 March 2022, a growth of 22 percent compared to a …
Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, Morocco’s leading automotive technology startup, to drive its expansion …
CCI Global, the largest international contact center operator in Africa, has announced that it is opening a new purpose-built, state-of-the-art office in Tatu City that will create more than 4,000 …
HassConsult has unveiled the Hass Land price indices for the first quarter of 2022, prices in the towns rose by 2.17 percent while Nairobi prices remained static at 0.11 percent. …
LG Electronics Inc. today announced first-quarter 2022 consolidated sales of 2.03 trillion shillings the highest quarterly revenue in company history. The operating profit of 180.54 billion shillings was positively impacted …
CFAO Motors Kenya, exclusive dealers of Toyota models in Kenya, has committed Kshs. 30 million shillings towards the success of the iconic WRC Safari Rally Kenya 2022, set to be …
We all buy electronics with the hope that they will work just fine. Nobody buys electronics with anticipation of them failing to work as soon as they are installed. But …
The Ascott Limited (Ascott) is forging ahead with its tenacious Africa expansion plans, announcing its first foray into the East African region with the opening of Somerset Westview Nairobi – …
Absa Life Assurance Kenya (Absa Life), a subsidiary of Absa Group Limited, has recorded an 84 percent growth in profit after tax to 245 million shillings for the period ended …
Good intentions can be tough to translate into practical action but that’s what the commercial property sector must do to meet the Global carbon Net Zero targets. The building sector …
Kenyans should expect another acute fuel shortage that might be worse than the one that last for three weeks. The unfortunate news comes even before the complete restoration normal flow …
E-commerce has taken shape in Kenya. Virtually everyone who sells products and services has adopted the use of e-commerce platforms. The use of e-commerce platforms in Kenya peaked at the …
If banks are to adequately compete and address the challenge posed by the growing influence of fintechs in their space, they will need to modernize their systems to exceed the …
What are you planning to shop for this Easter? For many people around the world, Easter time is shopping time. In Kenya, it is time that many businesses put before …
According to a report released by Cytonn Investments, the best money market funds in Kenya based on data captured as of April 14, 2022, are: Cytonn Money Market Fund Zimele …
A business process is a logical sequence of actions performed by one or more members of a team to achieve a specific objective. It is characterized by the following characteristics: …
DStv Business has improved customer experience with the introduction of additional avenues through, which customers can get assistance whenever they need it. The DStv Business call center operates daily from …
EFG Hermes has successfully completed an advisory on Dubai Electricity and Water Authority’s (DEWA) USD 6.1 bn initial public offerings (IPO) on the Dubai Financial Market (DFM) – the largest …
Fuel prices in Kenya have hit an all-time high as marketers continue to hold onto the precious commodity protesting market regulation by the government. It has emerged that marketers are …
Sarova Hotels & Resorts, Kenya’s largest indigenous collection of hospitality establishments, has announced the addition of its eighth hotel in Kenya, Imperial Hotel Kisumu, to the group’s portfolio after the …
The Easter holiday is coming up fast. Kenyans are looking forward to it for three obvious reasons; those who work will have a long weekend, running from Friday to Monday; …
It’s not uncommon to spot Kenyans in second-hand clothing, popularly known as mitumba wear, often accessed from street vendors and informal stores. Second-hand clothing remains the dominant source of clothing …
Motor vehicle distributor, CFAO Motors Kenya has officially started the construction of its premises in Kisumu County that will host the CFAO Motors Kenya Kisumu branch. The ground-breaking of the …
Teachers Service Commission (TSC) has been allocated 2.5 billion shillings for the recruitment of teachers in Kenya. This was revealed by CS Ukur Yatani while reading the proposals of 2022-2023 …
The 2022 LinkedIn Top Companies list in Kenya is the first annual ranking of the 25 best workplaces for talent to grow their careers.
Regional low-cost airline Jambojet has launched a three-tier level loyalty program for its customers to show appreciation to their customers, some of who fly up to 100 times a year. …
Kenya has been hit by one of the worst fuel shortages in history. Kenyans have been angry about it and so many things have been said. What has come out …
There is an acute fuel shortage in Kenya. But the government is downplaying the situation. For more than a week now, motorists around the country have been suffering as the …
UNNECESSARY excise hikes in the upcoming Budget would threaten Kenya’s economic recovery from the COVID-19 pandemic, Stop Crime Kenya (StoCK) warns today. “With Kenyans already struggling to cope with the …
Superbrands East Africa celebrated 40 of the region’s top brands at a Tribute Awards Ceremony held on Thursday 31st March 2022 at the Trademark Hotel in Nairobi, Kenya. The evening …
The Bank of Kigali Group Plc has reported a 35 percent increase in net profit to KSh5.8 billion (US$ 51.2 million) for the year ended December 2021, driven by a …
I&M Group PLC has delivered consistent growth in its 2021 financial results have reported a 3 percent growth in Profit after tax to 8.6 billion shillings compared to 8.4 billion …
Mobile money adoption and use saw continued growth in 2021, processing a record $1 trillion annually according to the report ‘State of the Industry Report on Mobile Money’ by GSMA. The …
Family Bank Group has recorded a 3.3 billion shillings Profit Before Tax for the year ended 31 December 2021, marking a 131.6% growth in earnings. The Group’s total assets grew …
Kenya Airways has continued flying into massive losses. For the year ended December 2021, the once Kenya’s vibrant airline registered 15.8 billion shillings in net losses. This was, however, a …
Absa Group today announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. The appointment follows a thorough recruitment and selection process completed by the Board. Arrie, …
CFAO Motors Kenya has introduced the B2C model Belta which offers ‘’feel-good vibes’ ’retailing at 2.83million shillings, and Rumion which promises a “larger than life’’ experience retailing at 2.85million shillings …
As of March 2022, Cytonn Money Market Fund was the top money market fund in Kenya with an effective annual rate of 10.6 percent followed by Zimele Money Market Fund …
Natbank Trustee and Investment Services Limited (Natbank), a wholly-owned subsidiary of the National Bank of Kenya Limited, has announced a profit after tax of 23.47 million shillings during the 12 …
After three years of successful operation in Kenya, Microsoft’s premier engineering hub, the African Development Centre (ADC), is relocating to its own offices in Nairobi, demonstrating the company’s commitment to …
Rwanda has officially legalized marijuana and dedicated 134 hectares for the same. The government says the production of the plant will be for medicinal purposes. The plant with its products …
Equity Bank’s Profit After Tax increased by 99 percent to 40.1 billion shillings from 20.1 billion shillings with Profit Before Tax recording a growth of 134 percent to 51.9 billion …
Total revenue collected as of the end of February 2022 amounted to 1,192.8 billion shillings, equivalent to 67.2 percent of the original estimates of 1,775.6 billion shillings and is 100.8 …
The Kenyan shilling has dropped to its lowest in history after shedding off 0.2 percent against the US Dollar last week, ending the week at 114.4 shillings from 114.2 shillings …
Mzizi Court apartments are within the 102-acre Two Rivers development that is located minutes drive from key diplomatic missions and corporates.
The Co-operative Bank of Kenya has reported a Profit Before Tax of 22.6 Billion shillings for the full year 2021, a strong 59 percent growth compared to 14.3 Billion shillings …
There is an acute shortage of eggs in Kenya. This has pushed the price of eggs to go up by more than 25%, making it the highest jump in history. …
CIC Insurance Group Plc Profit Before Tax hit 960 million shillings for the year 2021 compared to a loss before tax of 80 million shillings recorded in 2020. The Group’s …
KCB Group Plc recorded a historic 74 percent rise in profit after tax for the full year ending December 2021, riding on an economic recovery across markets. Net profit grew …
All digital lenders operating in Kenya have six months to get new licenses or they will be shut down according to a statement from the Central Bank of Kenya (CBK). …
Toyota Kenya Limited has changed its name change to CFAO Motors Kenya Limited effective February 2022, a move that will enhance its value proposition in the automotive market. In 2016, …
The Energy Petroleum and Regulatory Authority (EPRA) announced the new fuel prices expected to be in place for the next one month. In the new prices, the cost of Super …
Blue Band has been in East Africa since the 1950s and is even older than in countries like Kenya. Trusted by generations of families, many grew up with Blue Band …
Jikokoa uses 50 percent less fuel, has no smoke, has more heat meaning it cooks fast and helps you save money.
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