PRIME Police Sacco members overdraw cash on system hitch The Sacco has reached out to the members who overdrew their accounts to return the money.
Reversal fears drive uptake of Pochi La Biashara service Reversal fears by small businesses have driven up the adoption of Safaricom’s Pochi La Biashara.
PRIME Safaricom profit dips to Sh42 billion on Ethiopia unit hit Safaricom suffered a Sh21.7 billion loss from Ethiopia operations in the year ended March.
Stanbic Bank posts Sh3.9bn Q1 net profit Stanbic Bank Kenya has posted a 2.7 percent growth in net profit for the first quarter ended March to Sh3.9 billion.
BAT Kenya eyes Sh263 million from sale of idle land parcels BAT Kenya is eyeing at least Sh263 million from the sale of five pieces of land.
SBM picks career banker as new chief executive SBM Bank Kenya has appointed former I&M Bank chief operations officer Bhartesh Shah as its new chief executive.
Safaricom maintains dividend as Ethiopia unit drags profits Safaricom net profit grew by 1.2 percent to Sh62.99 billion.
PRIME How Covid-19 helped directors to escape shareholder scrutiny The debate on whether virtual AGMs indeed create value to both the directors, management and shareholders is far from abating.
McKinsey to study cost of shift to electric vehicles in Kenya Strategy and consulting multinational McKinsey has been commissioned to conduct a cost-benefit analysis for Kenya’s transition to electric vehicles.
DTB to pick CEO for Kenya in reorganisation The new management structure will leave the group managing director Nasim Devji in charge of all the subsidiaries.
PRIME Top insurance firms miss earnings release deadline Kenya’s top insurance companies have missed the deadline for publishing financial results for the year ended December 2023.
Homeowners in a fix as KCB auctions 78 Greatwall apartments KCB Bank has put up for sale 78 two-bedroom apartments at Greatwall Gardens in Athi River.
PRIME How Sri Lanka’s Browns beat Sasini to Lipton Tea Kenya deal Browns Investment Plc dangled a “community development and empowerment” card in the battle for Lipton Tea.
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.