Business
US-based firm to earn US$.13.5 million in deal with Kenyatta-linked NCBA
September 27, 2023
US-based firm to earn US$.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
September 27, 2023
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…
Over 100 car owners face 5-year jail term as import duty evasion probe takes cause
September 27, 2023
Over 100 car owners face 5-year jail term as import duty evasion probe takes cause
The Kenya Revenue Authority (KRA) is looking for 119 cars that were shipped into the country but failed to go…
Saudi Arabia lays path to creating viable Islamic securitisation and covered bond markets
September 25, 2023
Saudi Arabia lays path to creating viable Islamic securitisation and covered bond markets
Saudi Arabia ( rated A1 positive by Moody’s) is the largest Islamic finance market globally and Moody’s expects the Saudi…
Equities Market Tumble after Large-cap Stocks Take Hit
September 25, 2023
Equities Market Tumble after Large-cap Stocks Take Hit
The equities market was on a downward trajectory in the past week, with NASI declining the most by 2.2%, while…
Caetano Kenya Unveiled as Official Renault Trucks Distributor in the Kenyan Market
September 25, 2023
Caetano Kenya Unveiled as Official Renault Trucks Distributor in the Kenyan Market
Caetano Kenya is now the official distributor of Renault Trucks in Kenya following the partnership which was announced on September…
Women to access up to Ksh.7mn unsecured loan as Family rolls out 2-yrs Ksh.50 bn kitty
September 24, 2023
Women to access up to Ksh.7mn unsecured loan as Family rolls out 2-yrs Ksh.50 bn kitty
Family Bank has unveiled an exclusive woman banking proposition dubbed ‘Queen Banking’ and set aside Ksh.50 billion kitty for the…
Why Kenya’s immediate financing risks remain despite proposed tax measures
September 22, 2023
Why Kenya’s immediate financing risks remain despite proposed tax measures
President William Ruto’s administration’s draft revenue measures would provide fiscal space, but more immediate financing risks remain, this is according…
Safaricom Approved To Increase M-PESA Transaction Limits to Ksh.250,000
September 21, 2023
Safaricom Approved To Increase M-PESA Transaction Limits to Ksh.250,000
Safaricom has today increased M-PESA transactions limit to Ksh.250,000 for each transaction. The move will see the addition of a…
Ruto challenges global community to mobilise resources for SDG goals
September 21, 2023
Ruto challenges global community to mobilise resources for SDG goals
President William Ruto has called on the international community to mobilize and direct resources towards addressing impediments to Sustainable Development…