Business

How Kenya Will Benefit as a non-NATO Ally

How Kenya Will Benefit as a non-NATO Ally

U.S. President Joe Biden is expected to designate Kenya as a key non-NATO ally, coming on top of the heel…
Authority Mulls Removing 14-seater Matatus from Nairobi CBD

Authority Mulls Removing 14-seater Matatus from Nairobi CBD

There are contemplations to remove the 14-seater matatus from Nairobi’s CBD in what is seen as a measure to reduce…
Oil Prices Fall for Fourth Day as US Rate Hike Prospects Emerge

Oil Prices Fall for Fourth Day as US Rate Hike Prospects Emerge

The U.S. crude oil benchmark, West Texas Intermediate (WTI) has fallen well below the $80 mark it surpassed at the…
NCBA Group  After Tax Profit Up 4.4% in Q1 2024

NCBA Group  After Tax Profit Up 4.4% in Q1 2024

NCBA Group posted  4.4% growth in after-tax profit to Ksh.5.3 billion for the full year ended March 31, 2024. The…
KCB Bank Pretrax Profit Up 53% in Q1 2024

KCB Bank Pretrax Profit Up 53% in Q1 2024

KCB Group’s higher interest income helped its profit before tax jump to 53% in the first quarter of 2024. The…
Kenyans Contributing Ksh.5.5 Billion for Affordable Housing Construction Monthly

Kenyans Contributing Ksh.5.5 Billion for Affordable Housing Construction Monthly

Kenyan are contributing approximately Ksh.5.5 billion monthly towards the housing levy, as disclosed by Housing Principal Secretary Charles Hinga. This…
Uganda Helps Push Kenya’s GDP to 5.6% in 2023

Uganda Helps Push Kenya’s GDP to 5.6% in 2023

Agricultural activities pushed Kenya’s Gross Domestic Product (GDP) to a record 5.6%, according to the new data released by the…
Oil Prices Hike After Iran’s President Raisi Dies in Helicopter Crash

Oil Prices Hike After Iran’s President Raisi Dies in Helicopter Crash

Prices of crude oil began the week with a gain following the news that a helicopter with Iran’s president on…
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…
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