Kenya Reinsurance Corporation Limited half year profit grew by 56 percent to Ksh.1.19 billion compared to Ksh.760 billion in the same period last year. The firm also reported a 15 percent growth of Ksh.1.42 billion in gross premiums rise to stand at Ksh.11 billion compared to
Kenyans are at high risk of losing money through banking fraud owing to mobile banking that has grown from a mere 14 per cent in 2009 to 84 per cent in 2022. In a report released on August 4, 2022 by the Central Bank of
Family Bank Group's pretax profit surged by 131.6 percent to Ksh.3.3 billion for the year ended December 31, 2021. The growth in earnings was largely driven by an increase in interest income, marginal growth in interest expenses and operating expenses coupled with a reduction in the
Kenya has welcomed the sixth submarine fibre cable worth Ksh.44 billion, which runs for 15,000 kilometres. The cable is expected to last for 25 years and has a capacity of 16 Terabytes per second. Information and Communication Technology (ICT) Cabinet Secretary (CS) Joe Mucheru during the launch
Absa Group Limited (Absa) has appointed Arrie Rauntenbach as its first internally appointed Chief Executive Officer (CEO). The lender last appointed its boss from within in 2006. He replaces Interim boss Jason Quinn, who has been in service since the departure of predecessor Daniel Mminele in
Public Service Vehicles (PSVs) are set to be kicked out of the city centre beginning in April according to Nairobi Metropolitan Services (NMS). Green Park which is 98 percent complete together with Desai and Park Road termini will start their operation before the end of April
Education Cabinet Secretary (CS) Prof. George Magoha released the Kenya Certificate of Primary Education (KCPE) examination results at Mtihani House in Nairobi Monday two weeks after pupils sat the exams. Magata Bruce Makenzie from GiGil Hills Academy topped the KCPE 2021 exams after he scored 428
The Music Copyright Society of Kenya (MCSK) has appointed the former Kenya Film Classification Board (KFCB) boss Dr. Ezekiel Mutua as the new Chief Executive Officer (CEO). MCSK Board Chairperson Lazarus Muli said Mutua's role at the role takes effect March 25, 2022. He said the appointment
The registration of 2.5 million Boda Boda riders kicked off Monday across the country. The exercise is expected to last by June 24, 2022. According to Interior Cabinet Secretary (CS) Dr. Fred Matiang’i, the exercise will be presided by principal secretaries at all 52 Huduma Centres with
President Uhuru Kenyatta unveiled the Ksh.3 billion Microsoft Africa Development Centre on March 24 during the launching in Nairobi. The centre is among the largest software engineering facilities in Africa. The President is optimistic that the centre will bolster the Government’s quest to secure high-tech jobs for
