Business
Kenyans borrowed Ksh.151.4 billion from Fuliza in 2021
May 13, 2022
Kenyans borrowed Ksh.151.4 billion from Fuliza in 2021
Quick loans from Fuliza surged by 43 percent to Ksh.502.6 billion in 12 months to April 2022 from Ksh.351.2 billion.…
Laikipia County to float Ksh.1.16 billion bond after Cabinet nod
May 13, 2022
Laikipia County to float Ksh.1.16 billion bond after Cabinet nod
The Cabinet meeting chaired by President Uhuru Kenyatta Thursday approved Laikipia County to float its Ksh.1.16 billion infrastructure bond. This…
Kenyans spent Ksh.169.1 billion on betting via M-Pesa in 2021
May 13, 2022
Kenyans spent Ksh.169.1 billion on betting via M-Pesa in 2021
Kenyans spent Ksh.169.1 billion on betting via M-Pesa in 2021, a 23.8 percent jump from Ksh.136 billion that was spent…
Equity Bank Q1 net profit up 36% to Ksh.11.8 billion
May 12, 2022
Equity Bank Q1 net profit up 36% to Ksh.11.8 billion
Equity Bank’s net profit surged by 36 percent to Ksh.11.8 billion in the first quarter of 2022 from Ksh.8.7 billion…
M-Pesa revenue hits record Ksh.100 billion mark 15 years on
May 12, 2022
M-Pesa revenue hits record Ksh.100 billion mark 15 years on
Safaricom’s mobile money wallet, M-Pesa hit a Ksh.100 billion mark in revenue, to stand out as the telco’s top revenue…
CCI Global to employ 4,000 Kenyans with new office at Tatu City
May 12, 2022
CCI Global to employ 4,000 Kenyans with new office at Tatu City
CCI Global, the largest international contact centre operator in Africa, will open a state-of-the-art office at Tatu City. The gesture…
Uganda rules out fuel subsidy as pump price jumps 19%
May 12, 2022
Uganda rules out fuel subsidy as pump price jumps 19%
Uganda won’t introduce fuel subsidies, said interim director at Finance Ministry Moses Kaggwa, even after pump prices spiked following supply…
Serena Hotels narrows profit loss to Ksh.632 million from Ksh.1.2 billion
May 12, 2022
Serena Hotels narrows profit loss to Ksh.632 million from Ksh.1.2 billion
Serena Hotels profits plunged 47.6 percent drop to Ksh.632 million for the full year results ended December 31, 2021, from…
Sanlam postpones release of 2021 financial results
May 12, 2022
Sanlam postpones release of 2021 financial results
Sanlam Kenya has postponed the release of its 2021 full year results ended April 30, contrary to the Capital Markets…
Safaricom to roll out commercial operation in Ethiopia with 300 local employees
May 12, 2022
Safaricom to roll out commercial operation in Ethiopia with 300 local employees
Safaricom is set to launch commercial operations in Ethiopia this year as part of the company’s regional expansion efforts to…