Business
NCBA After Tax profit up 56% to Ksh.21.5 billion
March 27, 2024
NCBA After Tax profit up 56% to Ksh.21.5 billion
NCBA Group has posted an after-tax profit of Ksh.21.5 billion in its Full Year 2023 results, representing a 56% uptick…
KRA Urges Businesses to Declare Invoices for Seamless Tax Compliance with eTIMS
March 27, 2024
KRA Urges Businesses to Declare Invoices for Seamless Tax Compliance with eTIMS
The Kenya Revenue Authority (KRA) has called on businesses to declare their invoices through the electronic Tax Invoice Management System…
Family Bank After Tax Profit up 13% to Ksh.2.5 Billion
March 27, 2024
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
March 26, 2024
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
March 26, 2024
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
March 26, 2024
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
March 26, 2024
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
March 26, 2024
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
March 26, 2024
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
March 21, 2024
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…