Business
Samsung flags 56% dip in Q3 operating profit
October 8, 2019
Samsung flags 56% dip in Q3 operating profit
South Korea’s Samsung Electronics Co Ltd said on Tuesday (Oct 8) its third-quarter operating profit likely fell 56 per cent…
Cytonn seeks approval for KSh. 2 billion real estate.
October 7, 2019
Cytonn seeks approval for KSh. 2 billion real estate.
Investment management firm, Cytonn investments is seeking the capital markets authority’s nod to register a Development Real Estate Investment Trust…
Traders fear global economic slowdown will weight on oil demand
October 7, 2019
Traders fear global economic slowdown will weight on oil demand
Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on…
Asia stocks pull ahead in cautious trade as focus shifts to U.S. payrolls
October 4, 2019
Asia stocks pull ahead in cautious trade as focus shifts to U.S. payrolls
Asian stocks edged up on Friday, thanks to gains on Wall Street, but signs of widening cracks in the global…
KCB Group lists an additional 142.9 million shares at NSE.
October 4, 2019
KCB Group lists an additional 142.9 million shares at NSE.
KCB group PLC has listed an additional 142.9 million shares at the Nairobi Securities Exchange (NSE) following the successful acquisition…
KTDA announces tea bonus earnings will fall by 35%
October 3, 2019
KTDA announces tea bonus earnings will fall by 35%
Bonus payments to Kenyan smallholder tea farmers are set to fall by 35% this year. This is following an 18.6%…
Equity rebrands as part of transformation and expansion drive
October 3, 2019
Equity rebrands as part of transformation and expansion drive
Equity has unveiled a new look and identity in line with the company’s ongoing plan to transform the business and…
KRA vows to meet tax targets for financial year 2019/2020
October 3, 2019
KRA vows to meet tax targets for financial year 2019/2020
The Kenya Revenue Authority (KRA) has exuded confidence in meeting the Ksh2.12 trillion tax target for the year 2019/20 through…
Kenya’s economic growth stagnated at 5.6 p.c during Q2 of 2019
October 3, 2019
Kenya’s economic growth stagnated at 5.6 p.c during Q2 of 2019
Kenya’s economic growth between April and June in 2019 stagnated at 5.6 percent for a second consecutive quarter.The growth recorded…
US embassy in Somalia reopened after 28 years
October 3, 2019
US embassy in Somalia reopened after 28 years
"[It] is another step forward in the resumption of regular US-Somalia relations, symbolising the strengthening of US-Somalia relations and advancement…