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Adani Woes: Ruto cancels multi-billion JKIA, KETRACO deals over US indictments
Nov 21, 2024 at 04:08 PM
President William Ruto has announced the immediate cancellation of the multi-billion-shilling Adani Group Public Private Partnership (PPP) deals with KETRACO and JKIA in light of t...
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PricewaterhouseCoopers sounds alarm on looming tax changes
Nov 21, 2024 at 01:30 PM
Kenyan taxpayers could face sweeping changes in how they are taxed, following new proposals in the Tax Laws (Amendment) Bill, 2024, and the Tax Procedures (Amendment) Bill, 2024....
Embattled Adani responds after indictment on bribery charges in the US
Nov 21, 2024 at 12:43 PM
The embattled Adani Group has denied the recent bribery and fraud allegations made by the US Department of Justice (DOJ) and the US Securities and Exchange Commission....
Vodacom partners with tech giants to empower africa’s youth with digital skills
Nov 21, 2024 at 11:08 AM
Vodacom Group, in collaboration with major technology partners, has unveiled an ambitious initiative to bridge Africa's digital skills gap by equipping one million young people wit...
KCB Group post-tax profits soars by 49 per cent to Sh45.8 billion in Q3 2024
Nov 21, 2024 at 12:58 AM
KCB Group Plc has reported an impressive 49 per cent increase in its profit after tax, reaching Sh45.8 billion for the first nine months of 2024, up from Sh30.7 billion in the same...
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ICANN's new program to enable Kenyan businesses, others boost online presence
Nov 21, 2024 at 12:25 AM
The Internet Corporation for Assigned Names and Numbers (ICANN) has launched the Applicant Support Program (ASP) for the New Generic Top-Level Domains (gTLD) Program: Next Round, p...
Equity Group goes full-throttle with plan to offer full insurance in Kenya - VIDEO
Nov 20, 2024 at 10:16 PM
In an effort to diversify its fast-expanding revenue streams across the East African region, Equity Group ventured into the insurance business after receiving its license in early ...
CBK announces release of new currency banknotes with enhanced features
Nov 20, 2024 at 04:33 PM
The Central Bank of Kenya (CBK) has officially begun releasing redesigned currency banknotes for denominations of Sh50, Sh100, Sh200, and Sh500....
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Absa Bank Kenya expands its reach in satellite towns with new Kamakis branch
Nov 20, 2024 at 04:04 PM
Residents of Kamakis and its environs have received a major boost as Absa Bank Kenya officially opened a new branch in the area....
Stanchart posts 64 per cent rise in pre-tax profit to Sh22.5 billion in Q3 2024
Nov 20, 2024 at 02:52 PM
Standard Chartered Bank Kenya has delivered a solid performance for the third quarter of 2024, with profit before tax rising by 64 per cent to 22.5 billion driven by strong revenue...
I&M posts 24 per cent profit increase to Sh14.1 billion, announces Sh1.30 dividend
Nov 20, 2024 at 01:31 PM
I&M Group has posted a remarkable performance for the third quarter of 2024, showing a 24 per cent increase in Profit Before Tax (PBT) to Sh14.1 billion, up from Sh11.4 billion in ...
Allan Kilavuka to chair Africa airline lobby
Nov 20, 2024 at 12:45 PM
Kenya Airways (KQ) CEO Allan Kilavuka has been appointed the new Chairperson of the Africa’s Airline Association (AFRAA) at the 56th Annual General Assembly and Summit in Cairo, ...
NCBA pushes strategic retail expansion drive with new branch in Kerugoya Town
Nov 20, 2024 at 12:04 PM
NCBA Bank has officially extended its footprint to Kerugoya, opening its 97th branch in a move designed to bring innovative banking solutions closer to Kirinyaga County residents....
Equity unveils Joska branch, expanding its footprint to 212 locations nationwide
Nov 20, 2024 at 11:04 AM
Equity Bank has inaugurated its latest branch in Joska, located along Kangundo Road in Machakos County but within the Nairobi Metropolitan Area, extending its national branch netwo...
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Lifeline for expectant mothers as SHA unveils new maternal health policy
Nov 20, 2024 at 09:59 AM
The Social Health Authority (SHA) has rolled out a transformative policy to guarantee expectant mothers access to essential maternal health services, irrespective of their contribu...
SGR leaks Sh144 million as passenger numbers, cargo volumes drop
Nov 19, 2024 at 11:58 PM
The Standard Gauge Railway (SGR) is navigating a rough patch, reporting a Sh144 million revenue drop between August and September 2024 as passenger numbers and cargo volumes took a...
Absa Bank Kenya reports 20 per cent surge in post tax profit to Sh14.7 billion
Nov 19, 2024 at 11:17 PM
Absa Bank Kenya has reported a remarkable Sh14.7 billion in profit after tax, a 20 per cent increase from last year, marking a year of impressive financial resilience....
Equity Bank responds to CBK rate slash with significant loan interest reduction
Nov 19, 2024 at 02:38 PM
In a bid to provide financial relief to its customers, Equity Bank has announced a significant reduction in interest rates on all Kenya Shilling-denominated credit facilities, effe...
KNBS notes 13.2 per cent surge in mobile money transactions to Sh6.5 trillion
Nov 19, 2024 at 01:56 PM
The Kenya National Bureau of Statistics (KNBS) has reported a remarkable surge in mobile money transactions, which hit Sh6.5 trillion in the first nine months of 2024....
National Treasury denies owing counties as governors warn of service disruptions
Nov 19, 2024 at 01:11 PM
The National Treasury has firmly denied owing any arrears to county governments, following a warning by the Council of Governors (CoG) about potential service delivery disruptions ...