Business

BMW net profit up 12.4% to 1.5 trillion

BMW net profit up 12.4% to 1.5 trillion

German auto manufacturer BMW recorded an increase in its net profit by 12.4 percent in 2021 tripping its net profit…
High Court to give ruling on Mumias Sugar leasing case

High Court to give ruling on Mumias Sugar leasing case

The High Court is set to give a ruling in a case where five farmers, West Kenya Sugar Company and…
Kenyan youth to benefit from Korea’s Ksh.800 million deal

Kenyan youth to benefit from Korea’s Ksh.800 million deal

The Korea International Cooperation Agency (KOICA) has signed a deal with the Kenyan government to invest Ksh.832 million ($ 7.3…
Tea prices dip on poor demand

Tea prices dip on poor demand

Tea prices at the weekly Mombasa auction have dropped to a 14-month low, caused by reduced demand from key global…
KRA to reopen Keroche Breweries after week of closure

KRA to reopen Keroche Breweries after week of closure

The Kenya Revenue Authority (KRA) has signaled re-opening of Keroche Breweries one week after its doors were closed due to…
Cooking oil prices surge on intensified war between Russia, Ukraine

Cooking oil prices surge on intensified war between Russia, Ukraine

Manufacturers of cooking oil are now substituting the commodity with palm oil after Ukraine cut short its global supply due…
ICT ministry fails to account for Ksh.12 billion China loan

ICT ministry fails to account for Ksh.12 billion China loan

The Ministry of Information Communication and Technology (ICT) has failed to provide original documents to legitimise how it spent Ksh.12…
Ugandans, Tanzanians turn to Kenya for cheap fuel

Ugandans, Tanzanians turn to Kenya for cheap fuel

Ugandans, Rwandese and Tanzanians will soon be turning to Kenya for cheap fuel prices against the backdrop of continued war…
KBA endorses CBK move to reintroduce risk-based lending

KBA endorses CBK move to reintroduce risk-based lending

Some banks in Kenya are in final preparations to submit their documents to the Central Bank of Kenya (CBK) which…
IMF board, US approve Ksh.1.7 trillion loan for Ukraine

IMF board, US approve Ksh.1.7 trillion loan for Ukraine

The International Monetary Fund (IMF) board on Wednesday approved Ksh.160.5 billion (US$1.4 billion) in emergency financing for Ukraine to help…
Back to top button