Business

Family Bank profit up 132% to Ksh.3.3 billion in 2021 full year results

Family Bank profit up 132% to Ksh.3.3 billion in 2021 full year results

Family Bank Group’s pretax profit surged by 131.6 percent to Ksh.3.3 billion for the year ended  December 31, 2021. The…
Horticulture value down Ksh.7 billion on declined volume export

Horticulture value down Ksh.7 billion on declined volume export

Horticulture profits fell by Ksh.7.1 billion in January this year, owing to a decrease in the volume of produce shipped…
KQ narrows profit loss to Ksh.15.8 billion in 2021 full year results

KQ narrows profit loss to Ksh.15.8 billion in 2021 full year results

The national carrier, Kenya Airways has reported a net loss of Ksh.15.8 billion for the financial year ended December 2021.…
CBK retains benchmarking rate at 7%, cites global uncertainties

CBK retains benchmarking rate at 7%, cites global uncertainties

The Central Bank of Kenya (CBK) has for the umpteenth time retained the Central Bank Rate (CBR) at 7 percent…
Higher shipping cost to push up inflation through 2022, warns IMF

Higher shipping cost to push up inflation through 2022, warns IMF

Higher shipping cost is fueling inflation which is on track to rise through the end of 2022 while the Russia-Ukraine…
Govt strikes deal with IPPs for cheap, reliable power

Govt strikes deal with IPPs for cheap, reliable power

The Kenyan Government has entered into a formal engagement with Independent Power Producers (IPP) as reforms continue in the energy…
Faulu Bank inks Ksh.112.9 million deal with USAID to finance 10k farmers

Faulu Bank inks Ksh.112.9 million deal with USAID to finance 10k farmers

Faulu Bank has entered into a partnership with USAID-funded Feed the Future Kenya Crops and Dairy Market Systems Activity (KCDMS)…
Kenya receives Ksh.44 billion submarine fibre cable for cheaper internet

Kenya receives Ksh.44 billion submarine fibre cable for cheaper internet

Kenya has welcomed the sixth submarine fibre cable worth Ksh.44 billion, which runs for 15,000 kilometres. The cable is expected…
Explainer; What a weak and strong shilling means for Kenyan economy

Explainer; What a weak and strong shilling means for Kenyan economy

The Kenyan Shilling has retained its vulnerability against the United States Dollar at a low of 114.8 units, signaling a…
DPP shortlists candidates for advertised jobs; how to check

DPP shortlists candidates for advertised jobs; how to check

The Office of the Director of Public Prosecutions has announced the list of shortlisted candidates following applications of jobs advertised…
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