Geoffrey Muli has been appointed an interim Managing Director of Kenya Power effective May 17, 2022.
He takes over from Rosemary Oduor who has also been serving in an interim capacity since August 2021.
“The appointment of Geoffrey Muli takes effect on May 17,” Kenya Power said
Standard Chartered Bank Kenya's Q1 net profit in 2022 surged by 16 percent to Ksh.2.7 billion from Ksh.2.3 billion in Q1 2021.
This has been anchored on strong net interest incomes, financial markets, and wealth management.
“Our first-quarter performance was strong despite volatile and challenging market conditions
Kenya National Chambers of Commerce and Industry (KNCCI) agreed to build an ecosystem with Digital lenders in the country to provide credit solutions to small businesses.
Addressing the stakeholders during the 5th Small and Micro-Enterprises (SMEs) financial inclusion dialogue, Julius Opio, KNCCI Chairman said it will
Hilton Hotel has announced its plan to open a new hotel in Nairobi, hardly a month after it announced that it would wind up its business at the iconic Hilton Nairobi.
The new outlet has been named Kwetu Nairobi, Curio Collection a move the firm said
Kenyan government losses more than Ksh.85 billion every year, thanks to illicit brew that has stormed the market due to expensive legitimate brews.
Beer distributors in the country say illicit brews in the county account for 490 million litres that is being consumed every year.
Global Center on Adaptation CEO Patrick Verkooijen has welcomed President Uhuru Kenyatta as the Global Champion for the Africa Adaptation Acceleration Program (AAAP) at the high-level bilateral meeting hosted by the President at State House on May 16.
President Kenyatta is expected to carry forward his
Twiga Foods have launched a Ksh.1.16 billion investment plan dubbed ‘Twiga Fresh’ to help supply informal retailers and urban consumers with lower cost, better quality and safe food.
The new subsidiary, focused on modern and commercial farming, is aimed at scaling the efficient production of domestic
The High Court has issued temporary orders barring Milestone Games Limited from using the "Sportpesa" trademark pending the hearing and determination of a petition before it challenging the alleged fraudulent allocation of the trademark to the firm.
Judge Dorah Chepkwony directed that Milestone Games Limited and
Kenya Revenue Authority (KRA) collected Ksh.1.45 trillion in ten months to April 2022 from Ksh.1.1 trillion in April 2021.
This represents a 22 percentage point jump, signaling a continued recovery of revenue collection by KRA.
The exchequer has since raised tax goal for KRA by a further
Kenyans borrow Ksh.6 billion every month from the Co-operative bank mobile money platform, translating to Ksh.200 million daily on average.
In 12 months to December 2021, the lender says customers on its e-wallet platform borrowed a total of Ksh.71.2 billion.
The transaction was supported by the lender’s