Business
Safaricom Investment Co-operative Rebrands to Align with Future Plans
August 23, 2024
Safaricom Investment Co-operative Rebrands to Align with Future Plans
Safaricom Investment Co-operative has officially received approval from the Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development…
World’s Second-largest Diamond Discovered in Botswana
August 23, 2024
World’s Second-largest Diamond Discovered in Botswana
A rough 2,492-carat diamond, the second-largest ever discovered, has been unearthed in Botswana at the Karowe mine, operated by Canadian…
Kenyan HR Firm Workpay Secures $5 Million in New Funding
August 23, 2024
Kenyan HR Firm Workpay Secures $5 Million in New Funding
Kenyan HR and payroll startup Workpay has secured $5 million in Series A funding, led by pan-African venture capital firm…
Rising Interest Rates Trigger Surge in Loan Defaults Among Kenyans
August 23, 2024
Rising Interest Rates Trigger Surge in Loan Defaults Among Kenyans
The first half of 2024 has seen an increase in loan defaults in Kenya, driven by rising interest rates that…
Absa Bank Kenya to Expand Agency Network to Over 17,000 Outlets
August 21, 2024
Absa Bank Kenya to Expand Agency Network to Over 17,000 Outlets
Absa Bank Kenya PLC has unveiled plans to expand its reach with over 17,000 agency service outlets across the country…
Government Urges KRA to Embrace Innovation for Enhanced Revenue Collection
August 21, 2024
Government Urges KRA to Embrace Innovation for Enhanced Revenue Collection
The Kenyan government has urged the Kenya Revenue Authority (KRA) to adopt innovative and technologically advanced strategies to enhance revenue…
DP World, British to Build Congo’s First $35 Million Deep Sea Port
August 21, 2024
DP World, British to Build Congo’s First $35 Million Deep Sea Port
DP World, the Emirati logistics giant, in collaboration with the British government’s development-finance arm, is set to begin construction on…
Qatar Airways Acquires 25% Stake in Africa’s Airlink
August 20, 2024
Qatar Airways Acquires 25% Stake in Africa’s Airlink
Qatar Airways announced on Tuesday its acquisition of a 25% stake in Airlink, a privately owned regional airline operating in…
Supreme Court Invalidates Ruling on Finance Act 2023 in Fresh Ruling
August 20, 2024
Supreme Court Invalidates Ruling on Finance Act 2023 in Fresh Ruling
Supreme Court suspended Court of Appeal judgement that found Finance Act 2023 unconstitutional, paving way for the government to temporarily…
Equity Group Holdings Plc Reports 12% Increase to Ksh.29 Billion in Half-Year Profit
August 12, 2024
Equity Group Holdings Plc Reports 12% Increase to Ksh.29 Billion in Half-Year Profit
Equity Group Holdings Plc (EGH) has announced a 12% increase in profit after tax for the first half of 2024.…