Business

Investors avoid Sept Tap Sale to raise only Ksh.3.4bn of Ksh.15bn offered

Investors avoid Sept Tap Sale to raise only Ksh.3.4bn of Ksh.15bn offered

Investors heavily avoided the September Treasury Bond Tap Sale pointing to a lack of trust in the government to repay…
East Africa Growth Outlook the Best in Region with $450bn combined GDP

East Africa Growth Outlook the Best in Region with $450bn combined GDP

East Africa has a combined real GDP of about USD 450 billion, roughly 14.8% of Africa’s real GDP (Trading Economics…
Expect higher fuel prices as crude price edges $100 mark

Expect higher fuel prices as crude price edges $100 mark

Crude Oil prices edged closer to the $100 per barrel mark Thursday driven by stark cutbacks imposed by Saudi Arabia…
Kenya sets aside Ksh.8bn to ready 8 counties for El Nino

Kenya sets aside Ksh.8bn to ready 8 counties for El Nino

Kenya’s Deputy President Rigathi Gachagua convened Thursday an El Nino response and impact mitigation strategic meeting that brought together leadership…
AA Kenya Rolls out New Membership plan Targeting partnership with Insurance Companies

AA Kenya Rolls out New Membership plan Targeting partnership with Insurance Companies

AA Kenya has deepened its partnership with Insurance service providers to offer members an enhanced array of Membership propositions.  With a…
Airbus nominates new Commercial Aircraft business CEO

Airbus nominates new Commercial Aircraft business CEO

Airbus has announced a leadership evolution in the Executive Committee, establishing a dedicated head at the helm of the Commercial…
Safaricom launches cloud services for business digitisation

Safaricom launches cloud services for business digitisation

Safaricom launched Wednesday a revamped in-country cloud computing platform and services, to help businesses and organisations digitise their operations, and offer flexibility…
Old Mutual Investment Group Calls on Trustees to Embrace Sustainable Investing

Old Mutual Investment Group Calls on Trustees to Embrace Sustainable Investing

Old Mutual Investment Group has urged trustees to Integrate Environmental, Social, and Governance (ESG) considerations in their investment decision-making processes…
US-based firm to earn US$.13.5 million in deal with Kenyatta-linked NCBA

US-based firm to earn US$.13.5 million in deal with Kenyatta-linked NCBA

American Insurance Group (AIG), the U.S.-based finance and insurance corporation has disclosed plans to liquidate the majority of its shares…
NCBA Group’s financial results in 2022

NCBA Group’s financial results in 2022

NCBA Group’s 2022 after-tax profit hit a record Ksh.13.78 billion ($93.4 million) from Ksh.10.22 billion ($69.3 million) in 2021.Profit before…
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