Business

Williamson Tea Kenya PLC announces Ksh.10 interim dividend after 76.4% profit surge

Williamson Tea Kenya PLC announces Ksh.10 interim dividend after 76.4% profit surge

Williamson Tea Kenya PLC has reported a substantial increase in profits, resulting in an interim dividend of Ksh.10 per share…
Analyzing the Kenyan Materials Industry: A Week of Ups and Downs

Analyzing the Kenyan Materials Industry: A Week of Ups and Downs

The Kenyan materials industry has experienced a roller coaster ride in the past week, with an overall increase of 6.1%.…
Reasons Behind Co-Op Bank’s Stellar Performance in Q3 2023 Results

Reasons Behind Co-Op Bank’s Stellar Performance in Q3 2023 Results

Co-operative Bank Group, led by Kenyan businessman Gideon Muriuki, reported strong financial performance, exceeding $120 million in the first nine…
Tanzania Inaugurates Its Tea Auction to End Mombasa Tea Auction Dominance

Tanzania Inaugurates Its Tea Auction to End Mombasa Tea Auction Dominance

At the end of a five-year effort, Tanzania made history by holding its first-ever tea auction in Dar es Salaam.…
The Kenyan Shilling: A Tale of Depreciation Amidst Rising Living Costs

The Kenyan Shilling: A Tale of Depreciation Amidst Rising Living Costs

The Kenyan Shilling has been on a downward trajectory against the US Dollar, depreciating by 0.5% to start the week…
CBK’s Treasury Bills Auction Surpasses Expectations to Tap Ksh.45.3 Billion

CBK’s Treasury Bills Auction Surpasses Expectations to Tap Ksh.45.3 Billion

The Central Bank of Kenya (CBK), the principal fiscal agent of the National Treasury, recently held an auction for Ksh.24…
KPC Pledges Ksh.5 Million for Educational Advancement in Kiambu County

KPC Pledges Ksh.5 Million for Educational Advancement in Kiambu County

Kenya Pipeline Company has invested Ksh.5 million through its Foundation in constructing a science complex for over 420 students at…
Zoho Launches New App Targeting Accountants

Zoho Launches New App Targeting Accountants

Zoho has introduced Zoho Practice, an accountant-focused practice management solution, and enhanced the functionality of its Zoho Finance Platform with…
IMF Increases Kenya’s Loan Limit to Ksh.142.7 Billion

IMF Increases Kenya’s Loan Limit to Ksh.142.7 Billion

The International Monetary Fund (IMF) team and Kenyan authorities have agreed on the sixth evaluation of Kenya’s economic program under…
Investment Schemes Hit Ksh.175.97 Billion Led by CIC with Ksh.59.9 Billion Market Share

Investment Schemes Hit Ksh.175.97 Billion Led by CIC with Ksh.59.9 Billion Market Share

In the quarter ended June 2023, the Total Assets Under Management (AUM) by the Collective Investment Schemes (CISes) reached KShs.175.97…
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