Business
Kenyan Currency Value Bleeds on Against Peers as MSCI Denies Local Companies Entry
November 29, 2023
Kenyan Currency Value Bleeds on Against Peers as MSCI Denies Local Companies Entry
The Kenyan Shilling (Ksh) is experiencing significant fluctuations in its exchange rate against other East African Community (EAC) currencies. As…
James Finlay’s Tea Estate Changes Hands in New Acquisition
November 29, 2023
James Finlay’s Tea Estate Changes Hands in New Acquisition
James Finlay, a prominent Kenyan tea grower, manufacturer, and supplier, has completed the sale of its tea estates in Kericho,…
Raila Files Investigation Request into Petroleum Importation
November 28, 2023
Raila Files Investigation Request into Petroleum Importation
Zimio chief Raila Oginga, through his lawyer Paul Mwangi, has submitted a formal letter requesting an investigation into the G-to-G…
Edible Oil Scandal: Senior Officials From KNTC Apprehended by DCI
November 28, 2023
Edible Oil Scandal: Senior Officials From KNTC Apprehended by DCI
Senior managers from the Kenya National Trading Corporation (KNTC) were apprehended on Tuesday and brought to the Directorate of Criminal…
Court Deals Ruto Blow on Housing Levy in Case Against Finance Act, 2023
November 28, 2023
Court Deals Ruto Blow on Housing Levy in Case Against Finance Act, 2023
On Tuesday, November 28, 2023 – a panel of three judges declared certain parts of the Finance Act, 2023 including…
Crystobol App Strikes Gold in the Best Credit Score Monitoring App Category
November 24, 2023
Crystobol App Strikes Gold in the Best Credit Score Monitoring App Category
Metropol Credit Reference Bureau’s (CRB) mobile app, Crystobol, won the Gold award for Best Credit Score Monitoring App at the…
NBK Net Profit Down to Ksh.2.9 Billion in Q3
November 24, 2023
NBK Net Profit Down to Ksh.2.9 Billion in Q3
The National Bank of Kenya (NBK) has reported a loss after tax of Ksh.2.97 billion for the period ending 30…
Stanchart Net Profit Up 12% to Ksh.9.7 Billion in Q3
November 22, 2023
Stanchart Net Profit Up 12% to Ksh.9.7 Billion in Q3
Standard Chartered Bank reported a 12% increase in profit after tax for the nine-month period ending in September. The bank’s…
NCBA Group After Tax Profit Up 14.4% to Ksh.14.6 billion
November 22, 2023
NCBA Group After Tax Profit Up 14.4% to Ksh.14.6 billion
NCBA Group PLC experienced a 14.4% increase in Profit After Tax, reaching Ksh.14.6 billion, highlighting its strategic initiatives and commitment…
MPs Okay KEMSA Ksh.2 Billion for Medical Supplies
November 22, 2023
MPs Okay KEMSA Ksh.2 Billion for Medical Supplies
The National Assembly has granted approval for a Ksh.2 billion allocation to the Kenya Medical Supplies Authority (KEMSA) as part…