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Economy
Family Bank,CEO Rebecca-Mbithi
August 31, 2022
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Family Bank net profit up 33% to Ksh.1.6 billion in six months to June

Family Bank net profit surged by 33 percent to Ksh.1.6 billion in six months to June this year. This was supported by improved income on the back of greater lending in the period. Its total income in the six months jumped by 13.5 percent to Ksh.5.9 billion

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Markets
NSE sees first main market listing since 2018
August 30, 2022
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NSE sees first main market listing since 2018 this year

The Nairobi Securities Exchange (NSE) expects its first main-market segment listing in more than three years to happen before the end of December and boost activity on the bourse. “We have one application right now that’s being processed,” Chief Executive Officer Geoffrey Odundo said in an

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Politics
9 key issues that will determine Supreme Court's versict on presidential election petition
August 30, 2022
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9 key issues that will determine Supreme Court’s verdict on 2022 presidential election petition

The Supreme Court of Kenya has set nine key issued that will guide its ruling in the presidential election petition that was filed by nine Kenyans including Azimio La Umoja One Kenya coalition leader Raila Odinga. and his deputy Martha Karua. The issues are Whether What relieves

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Economy
Supreme Court consolidates 7 election petitions
August 30, 2022
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Supreme Court consolidates 7 election petitions

The Supreme Court has consolidated the seven of the nine petitions which were challenging the results of the presidential election results. They were consolidated during the Pre-Trial conference on Tuesday, with Chief Justice Martha Koome saying the issues raised in the seven petitions are parallel to

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Corporate
KQ rehires laid-off employees on higher ticket demand
August 24, 2022
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Kenya Airways narrows half year loss to Ksh.9.9 billion

National carrier Kenya Airways (KQ) has its half year loss to June by 14 percent to Ksh.9.9 billion from Ksh.11.5 billion at the same time last year. The loss reduction is attributable a recovery in revenue over the six months with turnover up by 76 per

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Corporate
Toyota to invest Ksh.377.09 billion in automotive battery production
August 24, 2022
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Toyota Kenya acquires 35% stake in solar installation firm, Ofgen

Toyota Kenya has acquired a 35 per cent stake in solar installation company Ofgen to deepen the automaker's interest in the growing clean energy market. The acquisition was approved by the Competition Authority of Kenya (CAK) on August 23 The deal will help the auto firm, now

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Economy
OLA energy appoints Yousef Elhemmali its General Manager
August 23, 2022
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OLA energy appoints Yousef Elhemmali its General Manager

Dr. Yousef Elhemmali has joined OLA Energy Kenya Limited as the General Manager effective 1st August 2022. In addition to his role as General Manager, Dr. Yousef is also the East Regional Business Officer overseeing the operations of the OLA Energy affiliates of Eritrea, Ethiopia,

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Economy
Over 5 million MSMEs to benefit from Equity’s fresh financing deal
August 23, 2022
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Equity Bank half-year net profit up 35.4% to Ksh.24 billion

Equity Group has posted a 35.4 per cent rise in net profit to Ksh.23.7 billion from Ksh.17.5 billion at the same stage last year. The rise in earnings over the six months to June is largely attributable to higher income in the period supported by renewed

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Economy
OPPO introduces Reno7 5G series with industry-first design
August 23, 2022
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OPPO expands its A-series of smartphones in Kenya

OPPO has launched OPPO A77 smartphone in its vibrant Kenyan market. The affordable OPPO smartphone marks generational leaps in a multitude of areas for the A-series, each of which enhances the everyday user experience. It has an advanced charging technology. 33W SUPERVOOC charges your phone in

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Corporate
HELB releases funds for varsity students in batches
August 23, 2022
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HELB interest rate on loans unconstitutional, High Court rules

The Higher Education Loans Board (HELB) loan interest rated have been ruled unconstitutional by the high court, pitting the lender against university students who rely on institution to fund their education. According to the High Court, the lender contravened Article 43 (1) (e) and (f) and

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