Business

LG to wind up smartphone business, completely withdraw from market

LG to wind up smartphone business, completely withdraw from market

LG Electronics, South Korea’s second-largest appliance firm after Samsung, is closing down its loss-making mobile phone business, after failing to…
IMF approves Ksh.255 billion loan for Kenya

IMF approves Ksh.255 billion loan for Kenya

The International Monetary Fund (IMF) has approved a 38-month loan program which will see Kenya receive a total of Ksh.255.1…
Taita Taveta County hands over Ksh.3.3 billion irrigation project to farmers

Taita Taveta County hands over Ksh.3.3 billion irrigation project to farmers

Taita Taveta County has handed over a multi-billion irrigation project to farmers in Nakuruto and Challa areas after its completion…
Oil down 5% as rising OPEC+, Iranian output weighs

Oil down 5% as rising OPEC+, Iranian output weighs

Oil fell by more than Ksh. 326.46 ($3) a barrel on Monday as rising supply from OPEC+ and higher Iranian…
US calls for global minimum corporate tax

US calls for global minimum corporate tax

The United States Treasury Secretary Janet Yellen called on other countries to join Washington in setting a global minimum corporate…
T-Bills remained undersubscribed in Q1 of 2021

T-Bills remained undersubscribed in Q1 of 2021

During the first quarter of 2021, T-bills were undersubscribed, with the overall subscription rate coming in at 94.1 percent, up…
Kenya Airways suspends passenger flights to U.K

Kenya Airways suspends passenger flights to U.K

The national carrier, Kenya Airways (KQ) has suspended flights between Kenya and UK effective April 9, 2021 until further notice.…
AAR net profit down 55 % as total income grows 14%

AAR net profit down 55 % as total income grows 14%

Medical underwriter, AAR Insurance has posted a 58.1 percent dip in its pre-tax profit for the year ended December 2020.…
Nairobi business ventures to acquiring stakes, assets in local firms

Nairobi business ventures to acquiring stakes, assets in local firms

The listed trading firm, Nairobi Business Ventures has announced that it is in the process of acquiring shareholding and assets…
Narok County loses Ksh.2.25 billion in revenue due to lockdown

Narok County loses Ksh.2.25 billion in revenue due to lockdown

Narok County government lost Ksh.2.25 billion in revenue at the Maasai Mara game reserve when the country was closed to…
Back to top button