Business
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…
Sendy among 3 Kenyan brands on top 100 global tech firms list
May 11, 2022
Sendy among 3 Kenyan brands on top 100 global tech firms list
Kenya’s logistics company Sendy has been featured on the list of top 100 global technology firms globally that have a…
Embu Coffee Farmers receive license to broker coffee in Kenya
May 11, 2022
Embu Coffee Farmers receive license to broker coffee in Kenya
Embu Coffee Farmers Marketing Agency will henceforth operate as a fully licensed Coffee broker in Kenya This is after the…
Kisumu erects cheaper exhibition Bazaars for locals ahead of Africities Summit
May 11, 2022
Kisumu erects cheaper exhibition Bazaars for locals ahead of Africities Summit
Kisumu County has organized exhibition bazaars at the refurbished Jaramogi Oginga Odinga Sports Ground that would run parallel with the…
China’s trade growth in April above expectations
May 11, 2022
China’s trade growth in April above expectations
China’s dollar-denominated exports grew 3.9 percent year-on-year in April, compared with the 14.7 percent growth reported in March, customs data…
IFC acquires 6.7% shares in Equity Group worth Ksh.13.9 billion, 2nd largest shareholder
May 11, 2022
IFC acquires 6.7% shares in Equity Group worth Ksh.13.9 billion, 2nd largest shareholder
The International Finance Corporation (IFC) has acquired a 6.7 percent stake in Equity Group to become the lender’s second-largest shareholder.…
KQ concludes 10th aviation stakeholders’ convention hosted in Nairobi
May 11, 2022
KQ concludes 10th aviation stakeholders’ convention hosted in Nairobi
The 10th Aviation Stakeholders Convention, hosted by the African Airlines Association (AFRAA) and Kenya Airways (KQ), ended May 10 in…