Business
How Major Banks in Kenya Performed in 2023 Full-Year Results
April 2, 2024
How Major Banks in Kenya Performed in 2023 Full-Year Results
Last week, I&M Group, DTB Group, Equity Group, and NCBA Group reported their FY 2023 results, closing the FY 2023…
Shelter Afrique Dev. Bank Presents Papers to Kenya For Affordable Housing Push
April 2, 2024
Shelter Afrique Dev. Bank Presents Papers to Kenya For Affordable Housing Push
Shelter Afrique Development Bank (ShafDB) has presented its credential papers to Kenya to help with President William RFuto’s Affordable Housing…
CBK Seeks Ksh.40 Billion in Domestic Market for Budgetary Support
March 28, 2024
CBK Seeks Ksh.40 Billion in Domestic Market for Budgetary Support
The Central Bank of Kenya (CBK) has put on auction a Ksh.40 billion bond in the domestic market. It is…
National Treasury Receives Ksh.5 Billion from Kenya Pipeline in Dividends
March 27, 2024
National Treasury Receives Ksh.5 Billion from Kenya Pipeline in Dividends
The Kenya Pipeline Company (KPC) has declared an interim dividend payment of Ksh. 5 billion to the National Treasury for…
DP Gachagua Directs Formation of Team to Implement Education Reforms
March 27, 2024
DP Gachagua Directs Formation of Team to Implement Education Reforms
Deputy President Rigathi Gachagua has asked the Ministry of Education and the Teachers Service Commission (TSC) to establish a technical…
Equity Group Sees its Net Profit Down 5% to Ksh.43.7 Billion
March 27, 2024
Equity Group Sees its Net Profit Down 5% to Ksh.43.7 Billion
Equity Group Holdings (EGH) experienced a decline in after-tax profit to Ksh.43.7 billion. This represents a 5% drop, making it…
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…