Business

KCB, Proparco Sign $95 Million Deal for Climate Investments in Kenya

KCB, Proparco Sign $95 Million Deal for Climate Investments in Kenya

KCB Bank Kenya has secured a $95 million loan from Proparco for climate investment projects in Kenya. Proparco is a…
CIC Pretax Proft Up 209% to Ksh.2.5 Billion

CIC Pretax Proft Up 209% to Ksh.2.5 Billion

CIC Insurance Group Plc has reported a Profit Before Tax of Kssh.2.5 billion for the year ended December 2023 from…
Old Mutual in Nyeri to Help Flood Victims

Old Mutual in Nyeri to Help Flood Victims

Old Mutual Group and its subsidiary, Faulu Microfinance Bank are in Nyeri to help more than 500 families that have…
Umba Microfinance Bank to Offer Car Finance in Deal with Peach Cars at 70%

Umba Microfinance Bank to Offer Car Finance in Deal with Peach Cars at 70%

Peach Cars has joined forces with Umba Microfinance Bank to introduce a groundbreaking 24-hour car financing option for customers. Peach…
KTDA Inks Deal with Co-Op Bank, Eco.Business for Environment Governance Initiatives

KTDA Inks Deal with Co-Op Bank, Eco.Business for Environment Governance Initiatives

Directors affiliated with KTDA-run factories are set to benefit from capacity building and training on Environmental Social and Governance initiatives…
SBM Bank Appoints Bhartesh Shah its New CEO

SBM Bank Appoints Bhartesh Shah its New CEO

SBM Bank (Kenya) Limited Board has appointed Bhartesh Shah its new Chief Executive Officer (CEO), effective May 9, 2024. Shah…
Shilling Regains Strength Against Dollar to 131 Units

Shilling Regains Strength Against Dollar to 131 Units

The Kenyan shilling has shown signs of resilience and strength against the US Dollar, marking a fluctuating yet notable trend…
Flood Victims to Benefit from Safaricom’s Ksh.30 Million Kitty

Flood Victims to Benefit from Safaricom’s Ksh.30 Million Kitty

Safaricom announced Thursday it will support Kenyans affected by the flood through M-PESA Foundation. The Ksh.30 million will be used…
Safaricom Earnings Cross $1 Billion Mark, Retains Dividend at Ksh.1.2

Safaricom Earnings Cross $1 Billion Mark, Retains Dividend at Ksh.1.2

In the dynamic landscape of African business, a select few companies have managed to surpass the $1 billion mark in…
KRA Partners with KNCCI to Boost Tax Compliance Among MSMEs

KRA Partners with KNCCI to Boost Tax Compliance Among MSMEs

Kenya Revenue Authority (KRA) has announced partnership with the Kenya National Chamber of Commerce and Industry (KNCCI) to sensitize Micro,…
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