Business
How Kenya Will Benefit as a non-NATO Ally
May 23, 2024
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
May 23, 2024
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
May 23, 2024
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
May 23, 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
May 23, 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
May 22, 2024
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
May 21, 2024
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
May 20, 2024
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
May 17, 2024
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
May 14, 2024
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…