Business
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…
Equity Bank secures Ksh.19.1 billion from IFC for MSMEs financing
May 11, 2022
Equity Bank secures Ksh.19.1 billion from IFC for MSMEs financing
Equity Bank has secured a Ksh.19.1 billion (US$.165 million) funding kitty from International Finance Corporation (IFC) to support Micro, Small…
WPP Scangroup plans to write off Ksh.4.7 billion investment
May 10, 2022
WPP Scangroup plans to write off Ksh.4.7 billion investment
WPP Scangroup intends to write off up to Sh4.7 billion investments in its subsidiaries. The firm has thus transferred the…
Bitcoin falls to Ksh.3 million level, lowest since July 2021
May 10, 2022
Bitcoin falls to Ksh.3 million level, lowest since July 2021
Bitcoin slumped to Ksh.3.4 million ($30,000) for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets…
Kenya’s PMI drops below 50-point mark in April
May 10, 2022
Kenya’s PMI drops below 50-point mark in April
Kenya’s private sector activity fell in April to 49.5, hurt by rising consumer inflation and supply shortfalls for some goods.…
TransCentury to raise Ksh.4.6 billion through shareholder Rights Issue
May 10, 2022
TransCentury to raise Ksh.4.6 billion through shareholder Rights Issue
TransCentury has received a nod to raise Ksh.4.6 billion through shareholders’ Rights Issue as part of its turnaround strategy. In…
Govt backtracks on monies Kenyans will incur for mistakes on Ksh.65 billion Nairobi Expressway
May 9, 2022
Govt backtracks on monies Kenyans will incur for mistakes on Ksh.65 billion Nairobi Expressway
The government has backtracked on the amount it will fine Kenyans for making mistakes on the just-completed Nairobi Expressway. While…