Business

Family Bank After Tax Profit up 13% to Ksh.2.5 Billion

Family Bank After Tax Profit up 13% to Ksh.2.5 Billion

Family Bank Group has posted a record Ksh.2.5 billion After Tax profit for the full year ended December 31, 2023.…
Ruto Vows to Close All Loss-Making Parastatals

Ruto Vows to Close All Loss-Making Parastatals

The time is up for loss-making parastatals and those that make profits must stop wasteful expenditure, including financing largesse in…
KPC Feted for 4th Year in a Row at DIAR Awards

KPC Feted for 4th Year in a Row at DIAR Awards

Kenya Pipeline Company (KPC) has been feted as the best state corporation on Diversity, Inlcusion & Sustainability for the fourth…
ATIDI Backs $7.7 million Hydro Project in Burundi

ATIDI Backs $7.7 million Hydro Project in Burundi

The pan-African trade insurance agency, The African Trade Investment and Development Insurance (ATIDI), has supported Songa Energy’s USD 7.7 million…
BasiGo Secures Ksh.390 Million for Electric Buses Production in Kenya, Rwanda

BasiGo Secures Ksh.390 Million for Electric Buses Production in Kenya, Rwanda

BasiGo has secured $3 million (Ksh390 million) worth of equity funding for electric busses production in Kenya and Rwanda. The…
Co-op Bank Shareholders to Pocket Ksh.1.5 per Share Amounting to Ksh.8.8 Billion

Co-op Bank Shareholders to Pocket Ksh.1.5 per Share Amounting to Ksh.8.8 Billion

Co-operative Bank’s growth in earnings has led to a sustained increase in shareholder value as reflected in the competitive Return…
SportPesa Mega Jackpot Rises to Ksh.356,671,383

SportPesa Mega Jackpot Rises to Ksh.356,671,383

Since there was no winner last time out, the Mega Jackpot has now hit an all-time high of 356,671,383 in the…
Ethiopia Initiates First Bitcoin Mining Operations

Ethiopia Initiates First Bitcoin Mining Operations

Ethiopian Investment Holdings (EIH) signed a memorandum of understanding with Hong Kong-based West Data Group’s Center Service PLC to initiate…
Kenya Contacts TikTok Over Data Infringement, Threat Among Minors

Kenya Contacts TikTok Over Data Infringement, Threat Among Minors

Kenya has initiated formal communication with the popular video-sharing platform TikTok and its parent company ByteDance. This is in line…
CBK Rejects Ksh.37 Billion From Investors After Bond Sale

CBK Rejects Ksh.37 Billion From Investors After Bond Sale

The Central Bank of Kenya (CBK has raised Ksh.59 billion through Treasury Bond, surpassing the initial offer of Ksh.40 billion…
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