PRIME Power prices dip 22pc in nine months on low forex, fuel costs The strong shilling has seen the foreign exchange rate fluctuation adjustment component of power bills cut by 84 percent.
PRIME State seeks continent-wide accreditation for Kebs to boost trade flow AfCFTA secretariat is seeking to harmonise standards.
Inflation rallies to two-month high on higher food costs Kenya's annual inflation bucked months of easing in August on a fresh increase in the prices of food.
PRIME Why Safaricom wants billionaire Musk’s Starlink out of Kenya The number of Kenyans using satellite internet has surged since Starlink entered the Kenyan market last July.
Umeme interim dividend rises to Sh0.9 per share Umeme’s main shareholders include the International Finance Corporation
PRIME Banks post record Sh140bn half-year profit amid high rates Interest rates have been rising in line with increased CBR.
Invesco Assurance placed under statutory management Last year, the insurer rushed to the High Court after the IRA stopped it from issuing new covers.
PRIME Offshore investors shun T-bonds after downgrades Foreign buyers factor in protests and latest Moody's and Fitch credit ratings in their purchase decisions
Urgent reforms needed to tackle mounting debt crisis in Africa Since 2020, the impacts of Covid-19 and the on-going Ukraine war, coupled with worsening climate conditions have resulted in African governments having credit-rating downgrades
SBG Securities profit falls 91pc in half year Stanbic booked an income of nearly Sh1 billion from the transaction, which was one of the single largest seen in Kenya’s capital markets history.
Cash handled by mobile money agents up 10 percent to Sh8.6trn M-Pesa is the dominant mobile money platform in the country, with well over 97 percent of the local market
PRIME Australia pips Saudi Arabia in Kenya’s cash inflows Cash sent by Kenyans in Australia rebounded from a 29.78 percent drop last year to grow 85.94 percent to $76.31 million in six months.
PRIME Juba, South Africa rise fastest in remittances to Kenya Diaspora remittances from African countries grew by 37.3 percent to $183.8 million in 2024 from $133.9 million in 2023.
EAC, Comesa, Sadc merger into seamless market begins Thursday 14 out of the 29 partner states making up the Tripartite have submitted their of instruments of ratification.
PRIME Kenyans stash extra Sh3bn in Switzerland tax haven The assets in Switzerland grew to Sh9.82 billion in the review period from Sh6.82 billion in 2021.
PRIME EAC companies buck trend with mega Kenya deals Deep-pocketed investors in firms from EAC countries like Uganda, Tanzania, Rwanda and Somalia have been expanding their footprints into Kenya.
PRIME Traders, buyers hit as Maersk raises freight fees Many tanker owners and container shipping operators have suspended voyages through the Red Sea because of militant disruptions.
PRIME Value of East Africa deal book dips 35pc on investor jitters In terms of the number of deals, venture capital led at 25, followed by mergers and acquisitions at 12, private equity (PE) at 10, and DFI at nine.
New car sales fall 13.5pc on costly loans, taxes Demand for new vehicles fell 13.51 percent in the first five months of the year.
Private sector activity defies floods to grow at fastest pace in 20 months Private sector activity in Kenya defied ravaging floods to grow at the fastest pace.
PRIME East African Cables to sell assets to support operations East African Cables is targeting to unlock Sh350 million from the sale of its non-operating assets.
DTB first quarter profit up 8.6pc Unaudited results released Tuesday showed net earnings for the group grew from Sh2.42 billion that had been posted in the same quarter a year earlier.
PRIME Bid for CBK to control hire-purchase costs CBK could soon control borrowing costs in hire-purchase deals in fresh proposals that would expand the banking regulator's mandate.
M-Pesa deposits fall Sh10bn in six months At Sh263.3 billion in deposits, Safaricom is one of the largest players in the financial services market.
PRIME Diaspora remittances jump to Sh210 billion in four months Money sent home by Kenyans living and working abroad grew 23.1 percent during the first four months of this year.
