PRIME KQ issues profit warning on lower passenger numbers The airline attributes the performance to a drop in passenger numbers following grounding of some of its large aircrafts
PRIME Pressure on banks as new pricing model begins on December 1 Most of the assembled vehicles are sold in Kenya, with some exported to Uganda and other regional markets.
PRIME Uchumi share price triples in two weeks on rare profit The struggling retailer posted a rare profit of Sh8.8 million for the year ended June 2025
PRIME Safaricom halves data bundles for mobile internet users Subscribers have seen the mobile data allocations slashed since the weekend, including the ‘No Expiry’ packages, now at fixed or customisable rates
PRIME ABC Bank in Sh400m rights issue to meet Sh3bn capital threshold The amount will help the lender comply with the CBK rule that banks close this year with a minimum core capital of Sh3 billion
PRIME 25, 000 saccos risk closure over missing audit reports Many co-operatives also failed to hold annual general meetings (AGMs) in line with the law, denying members knowledge of their financial dealings.
PRIME Muhoho Kenyatta makes NCBA comeback amid buyout talks Mr Muhoho is the younger brother of former President Uhuru Kenyatta.
PRIME Safaricom keeps 80pc dividend policy amid debt surge Safaricom is raising the funds to carry out sustainability projects in Kenya and Ethiopia.
PRIME SGR revenues up 20 percent on more passengers, cargo volumes Data shows passenger tickets rose 6.5 percent during the first nine months of this year to 1.9 million travellers
PRIME Tanzania tycoon to take 68.7pc stake in EAPC Mr Munif currently holds a 41.7 percent stake in EAPC through Kalahari Cement (29.2 percent) and his wholly owned Bamburi Cement (12.5 percent).
PRIME Venture capital firm raises Sh2bn for tech startups Chui said it will deploy the capital to seed-stage startups –those that have developed an initial product or prototype and are actively working to demonstrate initial traction.
PRIME Safaricom woos investors with Sh15bn tax-free bond Safaricom is seeking billions of shillings to broaden its 4G and 5G networks as it ramps up its data business to offset a decline in mobile calls, where it has seen a small revenue fall due to...
PRIME Peugeot dealer Urysia expands with Citroen, Jeep brands The dealer is betting on the expanded brands and models lineup to grow sales in a market where a diverse portfolio of popular brands is key in driving aggregate sales.
PRIME Family Bank appoints advisor for NSE listing as profit surges 56pc The lender recently concluded a Sh6.2 billion capital raising among existing shareholders in what is referred to as private placement.
PRIME StanChart profit slumps 38pc on Sh7.2bn partial pension payout StanChart reported a net profit of Sh9.7 billion, down from Sh15.8 billion over nine months to September last year.
PRIME Consolidated Bank swings back to Sh80m profit amid governance woes The bank’s financial statements were signed by the sole remaining board member, Florence Oluoch, with no executives present.
PRIME M-Kopa exporting 15,000 locally made phones to Uganda monthly Kenyan-made devices are exempt from import duty in Uganda because EAC Common Market Protocol waiver tariffs on goods manufactured within the region.
PRIME Paramount Bank raises Sh332m fresh capital amid takeover links A rights issue has pushed Paramount Bank above the Sh3 billion capital threshold, positioning it for compliance as takeover plans by Zenith Bank advance.
PRIME State pyrethrum firm stuck with Sh3.5bn debt after asset sale collapse Plans to clear a massive debt load have been derailed by a botched asset sale, stalling the revival of the Pyrethrum Processing Company of Kenya and weakening the value chain.
PRIME NCBA loses bid to stop stamp duty enforcement Last week, the High Court declined to freeze the rider for the payment of the Sh384.5 million.
PRIME Appeal court upholds Cytonn liquidation to recover Sh11bn assets The appellate court also dealt with investors who claimed bona fide purchaser status for properties acquired through sale agreements.
PRIME Sidian Bank plans extra Sh3bn capital boost from owners Sidian Bank is lining up a second Sh3 billion capital injection even as profits surged on heavy investment in government securities.
PRIME Vodacom eyes State stake in Safaricom Vodacom Group previously increased its stake in Safaricom through an all-share deal with its UK parent, Vodafone Plc, in 2017.
PRIME Moja Expressway loses appeal in use of former employee’s image Mwaniki argued that while he had consented to the use of his data during employment, the company had no right to continue exploiting the same commercially after his departure.
PRIME Equity wins protection in takeover of firm over debt Court documents show that the manufacturer issued a floating debenture of Sh100 million in March 2019 over the company assets and a further Sh93 million in June 2021, which was also secured using...
PRIME “If your network of friends can’t raise funds, it’s not a network, it’s a gallery,” says Abojani CEO
