Business

Africa’s GDP Shrunk to 3.1% in 2023, says AfDB

Africa’s GDP Shrunk to 3.1% in 2023, says AfDB

Africa’s economic growth experienced a decline in 2023, as reported by the African Development Bank (AfDB) in its African Economic…
Ugandan Farmers Rip Big as Coffee Prices Continue Surging Globally

Ugandan Farmers Rip Big as Coffee Prices Continue Surging Globally

Ugandan coffee farmers are reaping the rewards of a surge in global coffee prices, with exports soaring in recent months.…
Car Batteries to Cost Ksh.9,000 More in Finance Bill 2024

Car Batteries to Cost Ksh.9,000 More in Finance Bill 2024

Kenyan motorists are staring at a possible surge in accessory prices, heralded by some proposals in the Finance Bill, 2024…
Explained: How Finance Bill, 2024 Will Hurt Kenyan Manufacturers

Explained: How Finance Bill, 2024 Will Hurt Kenyan Manufacturers

The Kenya Association of Manufacturers (KAM) presented its feedback on the Finance Bill, 2024 to the National Assembly Committee on…
Family Bank Profit up 24.3% to Ksh.1.3 Billion in Q1 2024

Family Bank Profit up 24.3% to Ksh.1.3 Billion in Q1 2024

Family Bank Group has posted a Ksh.1.3 billion Profit Before Tax for the period ended March 31, 2024, representing a…
NBK Asset Base Up 4% as Profit Soars to Record Ksh.535 Million

NBK Asset Base Up 4% as Profit Soars to Record Ksh.535 Million

The National Bank of Kenya (NBK) saw its asset base grow by 4% to Ksh.157 billion following the news of…
Ruto Signs Africa’s Largest $180MN Student Hostels Deal With U.S

Ruto Signs Africa’s Largest $180MN Student Hostels Deal With U.S

Acorn Holdings Limited – Africa’s largest developer of Purpose-Built Students Accommodation (PBSA)- has today signed a USD 180 million (Ksh.23.6…
United Bank of Africa Allocates Ksh.37.5 Billion to Boost Kenyan SMEs

United Bank of Africa Allocates Ksh.37.5 Billion to Boost Kenyan SMEs

United Bank of Africa (UBA) has committed Ksh.37.5 billion ($285 million) to its Kenyan subsidiary, UBA Bank Kenya, to support…
From Media to Banking, Achievements of Dr. Kiboro as He Exits as Family Bank Chair

From Media to Banking, Achievements of Dr. Kiboro as He Exits as Family Bank Chair

Dr. Wilfred Kiboro is stepping down as the chairman of Family Bank after having been appointed to the position in…
Arch. Gitau Mungai Replaces Dr. Kiboro as Family Bank Chairman

Arch. Gitau Mungai Replaces Dr. Kiboro as Family Bank Chairman

Family Bank Board of Directors has appointed Architect Francis Gitau Mungai as the new Chairman of the Board of Directors.…
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