Collins Ogutu
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Economy
CBK retains benchmarking rate at 7%, cites global uncertainties
The Central Bank of Kenya (CBK) has for the umpteenth time retained the Central Bank Rate (CBR) at 7 percent…
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Commodities
EPRA allays fears of fuel shortage in country, blames logistical constraints
The ongoing shortage of fuel witnessed in North Rift and Western Kenya has been caused by unprecedented logistical constraints. In…
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Corporate
NCBA full year profit up 114% to Ksh.10.2 billion
NCBA Group has recorded a 114 percent growth in profit after tax to Ksh.10.22 billion for the full year ended…
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Corporate
Equity Group’s 2021 profit up 98% on increased customer support
Equity Group profit surged by 98 percent to Ksh.39.17 for the full year ended December 31, 2021 compared to a…
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Agriculture
Kakuzi receives green light to export avocados to Chinese market
Kakuzi has secured approval from the Kenya Plant Health Inspectorate Service (KEPHIS), to process and prepare export-grade fresh avocados for…
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Corporate
KCB full year net profit rises to Ksh.34.2 billion
The Kenya Commercial Bank (KCB) has gained 74 percent to post Ksh.34.2 billion net profit from Ksh.19.6 billion registered last…
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Corporate
Absa Kenya profit up 161% to Ksh.10.9 billion for full year 2021
Absa Bank Kenya’s after-tax profit surged by 161 percent to Ksh.10.9 billion in its 2021 full-year results. The strong performance…
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Economy
KEPSA pushes for formalizing informal segment for small businesses
The Kenya Private Sector Association (KEPSA) now wants formalisation of the informal segment for the Small and Medium Enterprises (SMEs)…
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Corporate
KenGen half year pretax profit up 9% to Ksh.7.5 billion
Kenya Electricity Generating Company gained nine percent profit before tax posting Ksh.7.52 billion for the half-year period ended December 31,…
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Corporate
Commission on Revenue Allocation appoints James Katula its new CEO
The Commission on Revenue Allocation has appointed James Katula as its new Chief Executive effective March 1, 2022. CRA applauded…
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