TPS Eastern Africa, the umbrella company for the Serena Hotels, has reported a Ksh. 557.3 million loss after tax for the first six months of 2021. This is a 13%...
Liberty Kenya has registered Ksh. 265.1 million in net profit in the first six months of 2021. This is a decline from Ksh. 383.8 million posted in the first hal...
The Standard Group has posted a net loss of Ksh. 61.2 million in he first half of 2021 compared to a net loss of Ksh. 306 million posted during a similar period...
I&M Group has registered Ksh. 4 billion an increase of 33% after tax profit for its 2021 half year financial results up from Ksh. 3.2 billion to Ksh. 4 bill...
A Mastercard Middle East and Africa (MEA) SME Confidence Index has revealed that 74% of SMEs in construction and manufacturing are optimistic about the next 1 y...
Diamond Trust Bank (DTB) has recorded a Ksh. 2.9 billion profit after tax for the half-year ending 30th June, 2021. This is a 16% increase from Ksh. 2.4 billion...
The NCBA Group has registered a Ksh. 7.4 billion profit before tax in its half-year results ending 30th June, 2021. This is a 90% increase compared to Ksh. 3.9 ...
The 2Africa consortium comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone and WIOCC, has announced the a...
Equity Group has announced that it invested a total of Ksh. 54.3 billion ($496 million) in social impact projects through the Equity Group Foundation in the fir...
African payments company pawaPay, has received a Ksh. 988 million ($9 million) Seed raise. The round was led by UK-based investment fund 88mph, with participati...
Bamburi Cement has posted a net profit of Ksh. 776 million for the first six months ending 30th June, 2021, compared to Ksh. 721 million over the same period in...
Jubilee Insurance has recorded half-year net earnings of Ksh. 4.5 billion. This is a 150% increase compared to Ksh 1.8 billion recorded in a similar period last...
MarketForce, a Kenyan retail distribution platform, has raised an additional Ksh. 11 million ($100,000) in funding, to launch in Nigeria and to scale up operati...
76% of SMEs in food, beverage, entertainment across Middle East and Africa are optimistic about future growth as many regional economies gradually ease social r...
Absa Bank has reported 846% increase in profit after tax to Ksh. 5.6 billion for the period ending 30th June, 2021 compared Ksh. 0.6 billion posted in a similar...
A treasury bond (T-bond) is a medium term to long term security issued by the government. They typically pay interest every 6 months until the bond matures. Tre...
KCB Group has announced that it has acquired Rwandan bank, Banque Populaire du Rwanda Plc (BPR), from Atlas Mara Mauritius Limited and Arise B.V.
The acquisi...
Opibus is a mobility company headquartered in Kenya and which was born out of a research project in Sweden. The company focuses on all-electric conversion kits ...
Retail chain Carrefour has opened a new store at the Southfield Mall in Embakasi as part of its ongoing expansion program. The move aims to bring more communiti...
UAP Old Mutual Group has appointed Ewart Salins, an investment banker, to head its Asset Management unit. Ewart will now serve as the Group's Managing Director ...
Airtel Kenya, a subsidiary of Airtel Africa, has partnered with the Kenya Airports Parking Services (KAPS) to enable Airtel customers conveniently pay for their...
Telkom Kenya has announced managerial changes, appointing Allan Wainaina as Chief Financial Officer (CFO) and Kosi Ali as Chief Operations Africa (COO).
Alla...
Standard Chartered Bank Kenya has announced that it has registered an improved profit after tax of Ksh. 4.8 billion for the half year ended 30th June 2021. Th...
Businesses have decried the high cost of doing business in the wake of the economic challenges brought about by the COVID-19 pandemic. In a meeting themed Reduc...
Mobius Motors has launched the Mobius 3 car model in Kenya. The car manufacturing company founded by Joel Jackson in 2011, has committed to bring robust and rel...
A new survey commissioned by the 2020 Dubai World Expo has showed that 98% of Kenyans believe nations must work together to combat global challenges.
The 202...
Facebook has launched the Marketplace feature to 37 countries and territories in Sub-Saharan Africa. Currently available in Kenya, South Africa, Ethiopia and Ni...
The Carole Kinoti Brands are set to hold this year’s Fashion On The Road Golf Tournament slated for 27th and 28th August at Muthaiga Golf Club.
The event is ...
The Kenya Association of Travel Agents (KATA) and Amadeus East Africa recently announced Kenya’s Travel Recovery and Demand performance for 2021. The announceme...
The Special Economic Zones (SEZ) Authority has launched a web portal to boost communication, transparency and service provision for current and potential invest...
Kenyan customer loyalty startup CashBackApp has raised a Ksh. 52 million ($475,000) pre-seed funding round to help scale its service in Kenya. CashBackApp helps...
Global NGO CARE (Cooperative for Assistance and Relief Everywhere) has launched two pilot programs to deliver crypto-based vouchers to people affected by the CO...
Airtel Africa Group CEO-designate, Segun Ogunsanya has been awarded the African Business Leader of the Year at the 2021 African Business Leadership Awards (ABLA...
The National Bank of Kenya (NBK) has posted Ksh. 765 million in profit after tax for the half year ending June 30, 2021. This is a 307% growth compared to a sim...
The uptake of digital banking services by customers has accelerated Equity's move to a variable-cost third party based infrastructure business model. In the rec...
Isuzu East Africa has handed over 43 locally assembled Isuzu D-Max pickups worth Ksh. 189 Million to Avenue Car Hire for leasing to their customers around the C...
The Kenya Association of Manufacturers (KAM) has responded to Parliament's decision on the Public Procurement and Asset Disposal (Amendment) (No. 3) Bill.
In...
The Kenya Commercial Bank Group net profit for the first six months grew by 102% to Ksh. 15.3 Billion up from Ksh. 7.6 Billion for a similar period last year.
...
Kakuzi an agri-business firm has announced a 3% drop in its half-year pretax profit from Ksh. Ksh. 285.9 million to Ksh. 276.7 million. The decline has been att...
Kenyan fintech startup, Kwara, has been selected for the Mastercard Start Path program. Mastercard announced that Kwara is one of the 11 global startups selecte...
Co-operative Bank Of Kenya has posted Ksh. 7.4 Billion in net profit for the half year, this is as compared to net earning of Ksh. 7.2 Billion in a similar peri...
The Marketing Society of Kenya (MSK) has announced the commencement of a jointly run personalized mentorship and coaching program with Prosper Mentor. The progr...
