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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

Business

KCB Group Sets Up Kshs 800M Nakuru MSME Fund

KCB Bank has set up an Sh800 million fund to finance the revival of small businesses and cooperatives in Nakuru County hit by the Covid-19

Business

KTDA Releases Kshs3B as payment to Farmers

The Kenya Tea Development Agency (KTDA) has disbursed Sh3 billion as payment to its smallholder tea farmers. The payment is for the December 2021 green leaf deliveries

Business

Airtel Losses Hit Kshs 6B

Airtel Kenya’s losses doubled in 2020 to Sh5.9 billion even as its auditors raised the red flag on the company’s financial health. This is after

Business

Airtel, Telkom Kenya Join Safaricom on Mobile Tariff Slash Fight

Airtel Kenya, The Consumers Federation of Kenya, and Telkom Kenya have joined a case in which Safaricom has petitioned a tribunal to block the sector

Business

Equity Group to Earn Billions from Debit Card Fee

Equity Group is set to earn billions of shillings from the introduction of an annual debit card fee of Sh240. The amount is being charged

Personal Finance

Investment Goals 2022! We are Now Giving Stock Market Services For Free

With Market Cap’s new offer, customers should take advantage and learn how to invest for free and make a killing in stock trading for free.

Business

EPRA Flouts Uhuru’s Tender Order

The Energy and Petroleum Regulatory Authority (Epra) has flouted President Uhuru Kenyatta’s directive that requires all State agencies, ministries, and parastatals to publish all tenders

Business

Mini-Grid Power Suppliers Offered 50 percent Tax Allowance

Mini-Grid Power producers who sell electricity without going through the national grid have been granted a 50 percent tax allowance, This will in turn boost

Business

NSE Listed Firms Commitment to Corporate Governance Down to 67 Percent

The NSE-listed firms’ commitment to corporate governance has dropped marginally last year on delayed review of draft reports. The latest annual report by the Capital

Crypto

Cryptocurrency Scams: Why People Get Conned And How to Avoid Scammers

If you read a tweet, text, email, or get a message on social media that tells you to send cryptocurrency, it’s a scam.

Business

Kenyan Banks Report CBK to IMF Over Lending Rates

Kenyan banks executives have protested to the International Monetary Fund (IMF) over the Central Bank of Kenya’s (CBK) reluctance to approve lenders’ applications. This is