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Business

Equity Bank Customers to Withdraw Paypal Money in A Day

Equity Bank Kenya clients will now be able to withdraw money sent to them through PayPal in a day. This is down from the previous

Business

BOC Acquisition by Carbacid Halted by CMA Tribunal Vacancies

BOC acquisition by Carbacid has been stalled by vacancies at the Capital Markets Tribunal. The Tribunal’s vacancy has made it unable to hear the case

Business

Kenya Power to Connect Public Schools With Internet

Kenya Power is working with the ICT Authority to roll out a plan to connect all public schools with the internet by using Kenya Power

Business

Safaricom Manager Tapped by TransUnion Africa

TransUnion Africa has appointed former Safaricom and Microsoft manager Morris Maina to lead its operations in Kenya. Mr. Maina joins TransUnion Kenya from Copia Kenya

Business

Telkom Kenya in Kshs 15B Land Tussle with Government

Telkom Kenya has started a court battle with the government over a Sh15 billion prime property in Nairobi. This has further escalated the dispute that

Business

Kenya Power Incompetence Exposed in Recent Power Outages

Kenya Power’s incompetence has been exposed in the recent three major transmission failures that occurred within hours of each other on Tuesday. These outages plunged

Business

KRA To Track Tax Evading Landlords in new Technology

The KRA, (Kenya Revenue Authority)will now nab tax-evading landlords through the latest mapping technology. This is in addition to accessing bank records on rental income

Business

Mobile Money Cash Transactions Hit Kshs 6T

Mobile money cash transactions have jumped 36 percent to Sh6.2 trillion in the nine months to November. Data from the Central bank of Kenya shows

Business

Sasini Net Income up to Kshs573 M

Sasini grew its net income 45.5 times to Sh573.2 million in the year ended September. The growth was helped by higher sales and cost containment

Business

Car & General Dividend Payouts up to kshs 3.2 per Share

Car & General is quadrupling its dividend payout to Sh3.2 per share besides proposing a one-for-one bonus share. This is after posting strong results for

Business

Centum Re To Earn Kshs 17B in Share Sale

Centum Real Estate has signed an agreement to raise Sh17 billion from Luxembourg-based private equity firm GEM Global Yield LLC CSC. The money will be

Business

NSE Investors Lose Kshs 56B in Paper Wealth

NSE Investors lost Sh56.7 billion of paper wealth at the NSE on Monday. This is the biggest daily drop since March last year. The market

Business

Equity Group Ventures Into Insurance

Equity has ventured into the insurance business in what could shake up the market and help grow penetration to above the current 2.2 percent. The

Business

NBV Market Valuation Settled at Kshs6B

The market valuation of Nairobi Business Ventures (NBV) has settled at Sh6.7 billion, three months after the completion of its reverse takeover by Delta International

Business

Treasury Raises Kshs 27B from 5 Year Bond Sale

The Treasury has raised Sh27.4 billion from the re-opened five-year bond, amounting to 91.3 percent of the Sh30 billion it was seeking in the auction.

Business

Kakuzi PLC Issues Profit Warning on Reduced Avocado Production

Kakuzi has issued a profit warning for the year ended December, citing reduced avocado production and lower prices of the commodity in European markets. The