Markets
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NCBA Shareholders Pocket Ksh.2.25 in Dividends After Ksh.9 Billion Profit Surge
NCBA Group has reported a five-percent increase in profit after tax for the first half of 2024, reaching Ksh.9.8 billion…
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Why Starlink Has Cut Off South Africans From Internet Access
Starlink has cut off users in South Africa who were accessing the service via regional roaming, as the company enforces…
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Kenya Bans Export of $3.87 Million Raw Veneer Materials
Environment Cabinet Secretary Aden Duale has ordered an immediate ban on the export of raw veneer materials. This, Duale said,…
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Kenya Pensions Industry Plans SPAC to Tackle State Pending Bills
Kenyan pension funds are in talks to acquire a portion of the government’s overdue payments to some contractors and service…
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Nigeria’s Economy Grows by 3.1% Helped By Oil Outputs
Nigeria’s economy grew 3.19% in the second quarter of 2024 compared with the same quarter last year, lifted by higher…
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Family Bank Pre-Tax Profit up 15.4% to Ksh.2.3 Billion in H1 2024
Family Bank Group has posted a Ksh.2.32 billion Profit Before Tax in the first six months of 2024 a 15.4%…
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Libyan Central Bank Standoff Deepens as Governor Won’t Back Down
Libya’s embattled central bank governor clung on against attempts to oust him, deepening a more than week-long standoff between rival…
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Absa Kenya After Tax Profit Up 29% to Kshs.10.7 billion in H1 2024
Absa Bank Kenya PLC has reported a profit after tax of Ksh.10.7 billion for the half year ended 30 June…
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Kenyan HR Firm Workpay Secures $5 Million in New Funding
Kenyan HR and payroll startup Workpay has secured $5 million in Series A funding, led by pan-African venture capital firm…
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Rising Interest Rates Trigger Surge in Loan Defaults Among Kenyans
The first half of 2024 has seen an increase in loan defaults in Kenya, driven by rising interest rates that…
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