Business
UAP Old Mutual rebrands to Old Mutual
May 18, 2022
UAP Old Mutual rebrands to Old Mutual
UAP Old Mutual Group has rebranded to Old Mutual.The rebranding has already taken place in both Kenya and Rwanda with…
Kenya Power appoints Geoffrey Muli interim Managing Director
May 18, 2022
Kenya Power appoints Geoffrey Muli interim Managing Director
Geoffrey Muli has been appointed an interim Managing Director of Kenya Power effective May 17, 2022.He takes over from Rosemary…
Standard Chartered posts Ksh.2.7 billion net profit in Q1 2022
May 18, 2022
Standard Chartered posts Ksh.2.7 billion net profit in Q1 2022
Standard Chartered Bank Kenya’s Q1 net profit in 2022 surged by 16 percent to Ksh.2.7 billion from Ksh.2.3 billion in…
KNCCI, Digital lenders build ecosystem to provide credit solutions to SMEs
May 18, 2022
KNCCI, Digital lenders build ecosystem to provide credit solutions to SMEs
Kenya National Chambers of Commerce and Industry (KNCCI) agreed to build an ecosystem with Digital lenders in the country to…
Over 100 jobs set for opening with Hilton’s new hotel in Nairobi
May 17, 2022
Over 100 jobs set for opening with Hilton’s new hotel in Nairobi
Hilton Hotel has announced its plan to open a new hotel in Nairobi, hardly a month after it announced that…
Kenya loses over Ksh.85 billion to illicit brew annually, to worsen with proposed taxes
May 17, 2022
Kenya loses over Ksh.85 billion to illicit brew annually, to worsen with proposed taxes
Kenyan government losses more than Ksh.85 billion every year, thanks to illicit brew that has stormed the market due to…
Twiga Food invests Ksh.1.16 billion in informal retail ventures
May 17, 2022
Twiga Food invests Ksh.1.16 billion in informal retail ventures
Twiga Foods have launched a Ksh.1.16 billion investment plan dubbed ‘Twiga Fresh’ to help supply informal retailers and urban consumers…
High Court bars Milestone Games Limited from using “Sportpesa” trademark
May 17, 2022
High Court bars Milestone Games Limited from using “Sportpesa” trademark
The High Court has issued temporary orders barring Milestone Games Limited from using the “Sportpesa” trademark pending the hearing and…
KRA revenue collection hit Ksh.1.45 trillion in 10 months to April
May 17, 2022
KRA revenue collection hit Ksh.1.45 trillion in 10 months to April
Kenya Revenue Authority (KRA) collected Ksh.1.45 trillion in ten months to April 2022 from Ksh.1.1 trillion in April 2021.This represents…
Kenyans borrow Ksh.6 billion monthly from Co-op bank e-wallet
May 16, 2022
Kenyans borrow Ksh.6 billion monthly from Co-op bank e-wallet
Kenyans borrow Ksh.6 billion every month from the Co-operative bank mobile money platform, translating to Ksh.200 million daily on average.In…