Business

Kenya’s GDP grew by 10.1% in Q2 of 2021

Kenya’s GDP grew by 10.1% in Q2 of 2021

Kenya’s Gross Domestic Product (GDP) grew by 10.1 percent in the second quarter of 2021 compared to a contraction of…
M-Pesa revenue hits Ksh.13 trillion after App launch

M-Pesa revenue hits Ksh.13 trillion after App launch

Safaricom’s M-Pesa revenue surged 48.5 percent to record a whooping Ksh.13 trillion up from Ksh.9 trillion. The surge in revenue…
Long-distance buses trading fair prices with fully booked seats ahead of festive season

Long-distance buses trading fair prices with fully booked seats ahead of festive season

Barely a month to the festive season, long-distance buses have since reported a high number of travelers to upcountry. Buses…
Faulu Microfinance Bank records 31% growth in bancassurance to Ksh.327 million

Faulu Microfinance Bank records 31% growth in bancassurance to Ksh.327 million

Faulu Microfinance Bank has seen significant growth in its bancassurance business following the successful automation of its insurance sales last…
Safaricom half year profit up 12% to 37 billion

Safaricom half year profit up 12% to 37 billion

Safaricom posted a Ksh.37 billion net profit for the year ended September 30, 2021, representing a 12 percent growth from…
Kenya’s fuel import pricing up five folds

Kenya’s fuel import pricing up five folds

The cost of importing oil into Kenya has grown by nearly five-fold in 19 short months putting oil-dependent markets such…
Russia fines Google, Telegram for content violation

Russia fines Google, Telegram for content violation

Russia ordered Google’s Alphabet Inc. to pay a 2 million ruble (Ksh.3.1 million) fine on Monday, on top of 32…
KEPSA, Absa partner to empower a million youth with digital skills

KEPSA, Absa partner to empower a million youth with digital skills

The Kenya Private Sector Alliance (KEPSA) has partnered with Absa Bank Kenya to empower one million young Kenyans with digital…
Nzoia Sugar company receives Ksh.500 million boost from govt

Nzoia Sugar company receives Ksh.500 million boost from govt

Farmers from Nzoia Sugar company could be looking at a better future after the Ministry of Agriculture came to their…
Global Wealth Has Grown, But at the Expense of Future Prosperity: World Bank

Global Wealth Has Grown, But at the Expense of Future Prosperity: World Bank

A report by World bank has said that global wealth has grown overall, but at the expense of future prosperity…
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