Business
KenGen stocks rally after announcing 61% net profit
November 30, 2022
KenGen stocks rally after announcing 61% net profit
Kenya Electricity Generating Company PLC (KenGen) stocks rallied Wednesday hours after it announced a record Ksh.4.7 billion profit.The Wednesday close…
EU to dual Busia Highway in a deal with Governor Otuoma
November 30, 2022
EU to dual Busia Highway in a deal with Governor Otuoma
Busia Highway stretching into neighbouring Uganda will soon have a new face following years of its shambolic state since the…
Over 160,000 Kenyans logged into Hustler Fund platform minutes after launch – Ruto
November 30, 2022
Over 160,000 Kenyans logged into Hustler Fund platform minutes after launch – Ruto
President William Ruto launched Hustler Fund kitty Wednesday, unlocking over five million Kenyans who had been denied credit by banks.In…
Little known facts about Ksh.50 billion Hustler Fund and how to access it
November 30, 2022
Little known facts about Ksh.50 billion Hustler Fund and how to access it
President William Ruto is launching the Ksh.50 billion Hustler Fund, an implementation of his campaign pledge in the run up…
Over Ksh.80 billion short-term loan to be converted into long-term as Kenya struggles with debt repayment
November 30, 2022
Over Ksh.80 billion short-term loan to be converted into long-term as Kenya struggles with debt repayment
The Kenyan government is looking to convert short-term loans into long-term to subdue pressure arising from loan maturities.At least Ksh.87.8…
Ruto’s cabinet approves importation of 10 million bags of maize
November 30, 2022
Ruto’s cabinet approves importation of 10 million bags of maize
President William Ruto chaired a Cabinet meeting for the second time Tuesday and agreed on a number of variables to…
KenGen’s Q3 net profit up 61.7% to Ksh.4.7 billion
November 30, 2022
KenGen’s Q3 net profit up 61.7% to Ksh.4.7 billion
Kenya Electricity Generating Company PLC (KenGen) net profit grew by 61.7 percent to Ksh.4.7 billion for the year ended September…
Mumias investors holding Ksh.1.53 billion in outstanding shares as firm rolls back to shelves
November 29, 2022
Mumias investors holding Ksh.1.53 billion in outstanding shares as firm rolls back to shelves
Kenyan Supermarkets have begun restocking sugar from Mumias Sugar Company Limited following protracted court battles after it was put under…
Absa Bank Q3 profit up 30% to Ksh.10.7 billion
November 29, 2022
Absa Bank Q3 profit up 30% to Ksh.10.7 billion
Absa Bank’s net profit surged to Ksh.10.7 billion in nine months to September 2022.This is a 30 percent growth compared…
Family Bank feted bank of the year for SME lending in Agriculture
November 29, 2022
Family Bank feted bank of the year for SME lending in Agriculture
Family Bank has been recognised as Bank of the year for high-impact agricultural lending to Small, Medium Enterprises (SMEs) by…