Business
Absa Bank Kenya 2022 Q1 profit up 22% profit to Ksh.3 billion
May 26, 2022
Absa Bank Kenya 2022 Q1 profit up 22% profit to Ksh.3 billion
Absa Bank Kenya posted a 22 percent jump in its 2022 quarter one net profit to Ksh.3 billion from Ksh.2.4…
National Bank Q1 revenue grew by 72% to Ksh.395 million
May 26, 2022
National Bank Q1 revenue grew by 72% to Ksh.395 million
National Bank of Kenya (NBK) has recorded a profit after tax of Ksh.395 million for the quarter ending March 31,…
New Ksh.2 billion steel factory in Kisumu to employ 600 youth starting June
May 26, 2022
New Ksh.2 billion steel factory in Kisumu to employ 600 youth starting June
A new Ksh.2 billion steel factory in Kisumu is set to start manufacturing work this June and will employ more…
Safaricom appoints Karen Basiye Director of Sustainable Business, Social Impact
May 25, 2022
Safaricom appoints Karen Basiye Director of Sustainable Business, Social Impact
Safaricom has appointed Karen Basiye as the Director of Sustainable Business, Social Impact Impact and M-Pesa Foundation.In her new role,…
I&M bank Q 1 profit up 44.4% to Ksh.2.6 billion
May 25, 2022
I&M bank Q 1 profit up 44.4% to Ksh.2.6 billion
I&M bank posted a 44.4 percent jump in its 2022 quarter one net profit of Ksh.2.6 billion from Ksh.1.8 billion.The…
Gladys Wanga lead MPs to shoot down proposed tax hikes in Finance Bill, 2022
May 25, 2022
Gladys Wanga lead MPs to shoot down proposed tax hikes in Finance Bill, 2022
Homa Bay Woman Rep Gladys Wanga, who chairs the National Assembly Finance Committee has rejected the proposals to increase taxes…
Kenya, Uganda railway line upgrade to cost Ksh.15 billion
May 25, 2022
Kenya, Uganda railway line upgrade to cost Ksh.15 billion
Both Kenya and Uganda have entered into an agreement to upgrade the old Metre Gaige Railway (MGR) to ease the…
Paul Russo to replace Joshua Oigara as KCB boss
May 24, 2022
Paul Russo to replace Joshua Oigara as KCB boss
Joshua Oigara’s term at the Kenya Commercial Bank (KCB) has come to an end following a ten-year reign at one…
High Court thwarts Humphrey Kariuki’s Ksh.17 billion tax evasion claim by KRA
May 24, 2022
High Court thwarts Humphrey Kariuki’s Ksh.17 billion tax evasion claim by KRA
Businessman, Humphrey Kariuki’s Ksh.17 billion tax evasion onslaught by the state has been thwarted by the High Court.In a ruling,…
Kingdom Bank’s Q1 profit up 58.1% to Ksh.209.8 million
May 24, 2022
Kingdom Bank’s Q1 profit up 58.1% to Ksh.209.8 million
Kingdom Bank’s quarter one profit in 2022 surged by 58.1 percent to Ksh.209.8 million from Ksh.132.7 million posted a similar…