Business
Kenya to spend over Ksh.39 billion to settle KQ debts
June 2, 2023
Kenya to spend over Ksh.39 billion to settle KQ debts
The Kenyan government will cough a whooping Ksh.17 billion as a debt guarantee for Kenya Airways. This is according to…
AAR Insurance joins UN Global impact in commitment to sustainable business practices
June 1, 2023
AAR Insurance joins UN Global impact in commitment to sustainable business practices
AAR Insurance has become the latest underwriter in Kenya to subscribe to the United Nations Global Compact membership, to prioritise…
Kenya to receive Ksh.138 billion World Bank loan
May 31, 2023
Kenya to receive Ksh.138 billion World Bank loan
The World Bank has approved a Ksh.138 billion loan for Kenya as a budget support facility, just a week after…
Kenya to tax car owners Ksh.5,000 per passenger seat in Finance Bill 2023
May 30, 2023
Kenya to tax car owners Ksh.5,000 per passenger seat in Finance Bill 2023
Kenyan government is proposing to tax private car owners based on passenger capacity, on top of a lined up tax…
Angola pays Ksh.3.4 bn to become ATI’s 21st Member State
May 30, 2023
Angola pays Ksh.3.4 bn to become ATI’s 21st Member State
The Republic of Angola has become the 21st African Member State and the 1st Lusophone Member State of pan-African insurer,…
CBK retains benchmark lending rate at 9.5%
May 30, 2023
CBK retains benchmark lending rate at 9.5%
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at 9.5 percent following its Monetary Policy Committee…
Family Bank profit up to Ksh.1 billion in Q1
May 30, 2023
Family Bank profit up to Ksh.1 billion in Q1
The Family Bank Group has recorded a Ksh.1.04 Profit Before Tax for the period ending 31 March 2023. The Bank’s…
Zoho opens first office in Nairobi, announces strategic partnership
May 29, 2023
Zoho opens first office in Nairobi, announces strategic partnership
Zoho Corporation, a leading global technology company, marked a significant milestone with the official opening of its new office in…
Low-carbon startups in Africa hit first close at Ksh.6.6 billion
May 29, 2023
Low-carbon startups in Africa hit first close at Ksh.6.6 billion
Africa’s climate tech startups could see a significant increase in funding in the coming years as more funds target the…
Standard Chartered Bank Q1 net profit up 45.7% to Ksh.4 billion
May 17, 2023
Standard Chartered Bank Q1 net profit up 45.7% to Ksh.4 billion
Standard Chartered Bank Kenya saw its quarter one financial gain, when it posted a 45.7 percent increase in net profit…