General insurers' profit rises 35 percent General insurers’ net profit for the financial year ended December 2023 grew 35 percent to Sh13.33 billion.
Italian firm eyes biogas from Kenya dumpsites Italian oil company Eni Kenya BV is seeking to set up biogas plants in Kenya.
Sri Lanka’s Browns acquires Lipton tea estates The deal will push Browns’ processing capacity to 87 million kilogrammes of tea, making it one of the world’s largest tea companies.
Pinewood Beach Resort appeals to block KCB takeover The company maintained that Pinewood Resort and Spa is not an asset charged under the debenture by KCB.
PRIME Uncertainty hurts BAT nicotine pouches BAT Kenya is unable to meet the growing demand for its newly launched nicotine pouch product.
Billionaire Narendra Raval eyes 5,500-tonne clinker factory in Kitui Cemtech Limited has submitted the EIA report to Nema for review.
Court orders Sh62m seized from Yatani kin preserved The High Court has ordered the preservation of more than Sh62 million seized in cash from a businessman said to be a kin to former Treasury CS Ukur Yatani
Kuscco board fired after audit reveals Sh6bn illegal withdrawals Audit reveals Kuscco officials oversaw “out of character” cash withdrawals totalling Sh5.5 billion between February 2013 and April 2024.
Car & General fights off new Sh468m tax demand Car & General (C&G) is fighting off three tax demands from the Kenya Revenue Authority.
Two Kenyan firms picked for inaugural Google AI Cohort Two Kenyan firms are among 21 from Africa selected to join the inaugural Google, Generative AI Cohort.
Base Titanium’s sales plunge 72 percent Reduced sales signal lower royalties and tax revenue for the government from the operation this year.
PRIME Kenyattas, Equity CEO top in Sh63bn bank dividends The Kenyattas, who hold a 13.2 percent stake in NCBA Group will pocket a record Sh1.03 billion.
Vivo cuts power use by 156MW on solar plant Vivo Energy Kenya cut its reliance on Kenya Power by 156 megawatts (MW) last year.
Scangroup to sell South Africa unit, posts Sh130m profit WPP Scangroup is planning to sell its business in South Africa and wind up several dormant units.
Car & General posts Sh273 million loss on forex, storage costs Car & General (C&G) made a net loss of Sh273.6 million in the 15 months ended December 2023.
Twiga Foods taps Jumia Kenya CEO to replace Peter Njonjo Twiga Foods has appointed Charles Ballard as new chief executive.
TotalEnergies dividend up as profit hits Sh4.6 billion TotalEnergies Marketing Kenya has raised its dividend payout by 46.5 percent to Sh1.92 per share.
NSSF ordered to pay tech firm Sh103m for contract breach The Court of Appeal has ordered the NSSF to pay a tech firm Sh103.4 million for breach of contract.
Vivo sales fall by Sh36bn on weak shilling Vivo Energy's revenues in the Kenyan market dipped by Sh36.49 billion in the year ended December 2023.
PRIME EAPI majority owner in fresh full buyout bid COPIL has made a fresh takeover offer to minority shareholders of EAPI.
US fund loses four-year tax battle from Java House sale KRA has slapped private equity fund, Emerging Capital Partners Kenya (ECP Kenya) with a Sh773.8 million tax claim.
Savannah Cement property sale probed Directors of troubled Savannah Cement illegally sold the company’s apartment in Nairobi.
Carrefour sales drop to Sh38bn on weak shilling Carrefour Kenya posted a 4.3 percent decline in sales to 1.05 billion United Arab Emirates dirham (AED).