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Free delivery: Watchdog calls out e-commerce firms over rising scams
The watchdog has urged vigilance against deceptive practices employed by some online sellers and companies from fake deals to hidden charges.
By Brian Ngugi 19 days ago
Free delivery: Watchdog calls out e-commerce firms over rising scams
Ex-energy PS, Senator eye lucractive power sale deal
Patrick Nyoike and former Nyeri Senator Ephraim Maina have inked multi-billion-shilling pact with Indonesian firm to explore geothermal production in Naivasha.
By Brian Ngugi 20 days ago
Ex-energy PS, Senator eye lucractive power sale deal
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Tough nut to crack: Why it's tough going for Nigerian lenders in Kenyan market
At their home in Africa's biggest economy and most populous nation, Nigeria, they are banking giants with commanding market lead and trillions of shillings in worth of assets.
By Brian Ngugi 21 days ago
Tough nut to crack: Why it's tough going for Nigerian lenders in Kenyan market
Digital marketer Dennis Maina feted at Forty Under 40 Africa Awards
Suss Digital Africa founder Dennis Maina's success in the digital marketing world was named among the Forty under 40 for the 2024 edition.
By Brian Ngugi 21 days ago
Digital marketer Dennis Maina feted at Forty Under 40 Africa Awards
Licensing dispute pits big coffee companies against farmers' lobby
Kiambu County government issued milling licenses to a section of commercial millers. Union says the move is in total contravention of the regulations of 2019
By Brian Ngugi 22 days ago
Licensing dispute pits big coffee companies against farmers' lobby
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Looming crisis as top lenders stare at Sh500b in bad loans
The latest data shows that non-performing loans rose by Sh25 billion to Sh556.9 billion last year. This is as businesses and individuals struggle to pay up in a difficult economic environment.
By Brian Ngugi 25 days ago
Looming crisis as top lenders stare at Sh500b in bad loans
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Equity's Sh2.9b profit dip as big lenders feel heat
It follows in the footsteps of KCB Group, which recently announced a Sh3.3 billion drop in net earnings. This is on account of increased provisioning to cover bad loans last year.
By Brian Ngugi 26 days ago
Equity's Sh2.9b profit dip as big lenders feel heat
Investors cheer as NCBA, DTB and Family Bank issue Sh7b dividends
Tier one lenders NCBA Group, DTB Bank Kenya, and Family Bank grew their annual profits and maintained dividends even as concerns mounted on the outlook of the economy
By Brian Ngugi 26 days ago
Investors cheer as NCBA, DTB and Family Bank issue Sh7b dividends
Job cuts loom as Ruto now targets State-owned firms to fund Sh4tr budget
Cash-rich parastatals will be required to remit 80 per cent of their profits after tax to the National Treasury. Others that have duplicated roles will be merged.
By Brian Ngugi 27 days ago
Job cuts loom as Ruto now targets State-owned firms to fund Sh4tr budget
Can new UAE trade pact help Nairobi to be the 'Dubai of Africa'?
Nairobi, the capital of Kenya, shares some of these characteristics, albeit on a smaller scale due to varying economic strength and the number and quality of investors in each city.
By Brian Ngugi 27 days ago
Can new UAE trade pact help Nairobi to be the 'Dubai of Africa'?
Communication agency inks deal with Italian-based firm to promote online sector
A new partnership between a Kenyan and Italy-based firm is seeking to promote the country's fast-growing online wagering sector.
By Brian Ngugi 27 days ago
Communication agency inks deal with Italian-based firm to promote online sector
IM posts Sh12.6 billion profit
I&M joins a host of tier-one peers who have raised dividend distributions to shareholders on the back of increased profit last year.
By Brian Ngugi 28 days ago
IM posts Sh12.6 billion profit
Parliament seeks audit answers on Sh60bn unclaimed assets held by State agency
The Unclaimed Financial Assets Authority (UFAA) - the agency mandated to reunify billions of unclaimed assets - has been sitting on billions in idle cash, shares and dividends.
By Brian Ngugi 30 days ago
Parliament seeks audit answers on Sh60bn unclaimed assets held by State agency
KCB sells its loss-making National Bank as profit dips
KCB Group announced its profit for the year ended December dropped by 8.27 per cent to Sh37.4 billion on higher costs. It will be a dividend drought for shareholders.
By Brian Ngugi 1 month ago
KCB sells its loss-making National Bank as profit dips
Co-op Bank recommends Sh8.8bn dividend as profit hits Sh23.2bn
Co-operative Bank of Kenya has recommended a dividend at Sh1.50 per share or an aggregate of Sh8.8 billion for 2023 after its net earnings grew by five per cent.
By Brian Ngugi 1 month ago
Co-op Bank recommends Sh8.8bn dividend as profit hits Sh23.2bn
Safaricom eyes more revenues in Longhorn-backed school tablets deal
Longhorn Publishers through LoHo Learning has partnered with Safaricom to launch a new digital learning platform designed to offer learning materials through mini computers.
By Brian Ngugi 1 month ago
Safaricom eyes more revenues in Longhorn-backed school tablets deal
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KRA noose tightens on hustlers
From bodaboda riders to jua kali artisans from matatu operators to mama mbogas these business people will have to issue etims recepits for all the transactions paid.
By Brian Ngugi 1 month ago
KRA noose tightens on hustlers
Kenyans abroad fuel economy as inflows hit Sh584b in 12 months
The money sent home was 24.8 per cent higher than the Sh41 billion sent a year before in 2023.
By Brian Ngugi 1 month ago
Kenyans abroad fuel economy as inflows hit Sh584b in 12 months
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Higher taxes won't cure flagging revenues, Treasury boss admits
CS Njuguna Ndung'u maintains that the Kenya Kwanza regime is firmly focused on instituting tax reforms to bring tax equity and broaden the tax base.
By Brian Ngugi 1 month ago
Higher taxes won't cure flagging revenues, Treasury boss admits
Shilling continues good form, traders hope for cheaper wares
Data by CBK showed the shilling exchanged at an average of 137.49 against the dollar on Thursday, underlining the strengthening of the local currency in under a month.
By Brian Ngugi 1 month ago
Shilling continues good form, traders hope for cheaper wares
Co-op Bank and Isuzu ink vehicle financing pact for schools, MSMEs
The asset finance scheme is designed for schools and businesses that desire easier financing terms to assist them in coping with the current cash-starved operating environment.
By Brian Ngugi 1 month ago
Co-op Bank and Isuzu ink vehicle financing pact for schools, MSMEs
StanChart defies economic jitters, issues Sh11b dividend
Total payout of Sh29 per share is on the back of higher interest and non-funded income.
By Brian Ngugi 1 month ago
StanChart defies economic jitters, issues Sh11b dividend
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Pioneer women CEOs leading the way in Kenya's banking sector
On Friday, Kenya and the rest of the world celebrated International Women's Day. This global event honours women's societal achievements in culture, politics, economics, and beyond.
By Brian Ngugi 1 month ago
Pioneer women CEOs leading the way in Kenya's banking sector
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Concerns over government crackdown on illicit alcohol
The beer sector is a multibillion shillings industry and has been a cash cow for the government for ages.
By Graham Kajilwa and Brian Ngugi 1 month ago
Concerns over government crackdown on illicit alcohol
Mobile rules as Co-op Bank tops customer service
The Kenya Bankers Association (KBA) survey says bank customers in Kenya use mobile for banking more than any other channel.
By Brian Ngugi 1 month ago
Mobile rules as Co-op Bank tops customer service
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Dr Susan Koech: The 'Iron Lady' of Kenya's financial sector
Dr Koech shapes monetary policy and oversees currency, banking services. In this role, she ensures the stability and integrity of the nation's financial system.
By Brian Ngugi 1 month ago
Dr Susan Koech: The 'Iron Lady' of Kenya's financial sector
KRA targets hustlers and farmers with enhanced tax enforcement
The taxman has launched the system at a time when its plans to expand the tax bracket to the informal sector have come under scrutiny.
By Brian Ngugi 1 month ago
KRA targets hustlers and farmers with enhanced tax enforcement
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Why Kenya is graveyard for industries and big companies
Economists say high tax rates, poor infrastructure and high cost of power are among factors that have seen companies shun Kenya.
By Brian Ngugi and Macharia Kamau 1 month ago
Why Kenya is graveyard for industries and big companies
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Optimism as shilling holds on to gains after Eurobond reprieve
Unit exchanged at an average of Sh143.5182 against the dollar on Friday. Development elevates newfound hopes of ending a currency crisis involving a steep decline in value.
By Brian Ngugi 1 month ago
Optimism as shilling holds on to gains after Eurobond reprieve
EU Parliament seeks tighter rules after graft allegations in Kenyan project
EU Parliament has called on the European Investment Bank (EIB) to tighten its accountability practices after an alleged corruption scandal in Kenya
By Brian Ngugi 1 month ago
EU Parliament seeks tighter rules after graft allegations in Kenyan project
All eyes on Kenya, EAC after European parliament backs free trade pact
Once ratified and entered into force, Kenya will receive duty-free and quota-free access to the EU, its biggest market where it sends roughly one-fifth of all its exports.
By Brian Ngugi 1 month ago
All eyes on Kenya, EAC after European parliament backs free trade pact
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Budget experts fault Ruto's plan on Sh794b pending bills
Parliamentary Budget Office wants State to set aside Sh150 billion kitty each financial year to settle pending bills for the next five years. Treasury CS says verification to be completed in March.
By Brian Ngugi 1 month ago
Budget experts fault Ruto's plan on Sh794b pending bills
Tony Elumelu Foundation case study becomes part of Harvard's curriculum
The case study, the first of its kind on any philanthropic organisation in Africa, was to be launched today before a class of graduate students in Boston, Massachusetts.
By Brian Ngugi 1 month ago
Tony Elumelu Foundation case study becomes part of Harvard's curriculum
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More delays in Kenya oil dream as State holds up firm's exit plan
Canada's Africa Oil Corp now says its earlier announced plans to pull out of Kenya's Turkana oil project have hit fresh headwinds following delayed State approvals.
By Brian Ngugi 1 month ago
More delays in Kenya oil dream as State holds up firm's exit plan
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Shilling set for fresh pressure as dividend payout season looms
The fresh pressure is expected amid increased demand for greenbacks from a range of clients, traders said on Monday.
By Brian Ngugi 1 month ago
Shilling set for fresh pressure as dividend payout season looms
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Wash wash: Kenya's dirty cash haven tag sparks jitters across the business world
FATF placed Nairobi in its infamous grey list, citing inadequate measures by the government in fighting money laundering and terrorist financing.
By Brian Ngugi 1 month ago
Wash wash: Kenya's dirty cash haven tag sparks jitters across the business world
Lenders in fresh round of loan hikes
The higher rates could trigger a fresh wave of bad loans, starting with an immediate spike in the fourth quarter as frailer borrowers begin defaulting owing to the higher rates.
By Brian Ngugi 2 months ago
Lenders in fresh round of loan hikes
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KRA in fresh tax crackdown on Kenyans abroad, luxury buyers
KRA reckons the new campaign will help step up compliance amid the mounting scrutiny on the tactics it uses to enhance compliance.
By Brian Ngugi 2 months ago
KRA in fresh tax crackdown on Kenyans abroad, luxury buyers
NSE appoints Frank Mwiti as new CEO
Mwiti will take the helm of the NSE at a time the bourse and Kenya's capital markets regulator are keen to stimulate more firms to list at the bourse and end a listing drought.
By Brian Ngugi 2 months ago
NSE appoints Frank Mwiti as new CEO
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Goal too far? Missed tax target slows Ruto's economic plan
KRA missed its targets by nearly Sh100 billion in the five-month period to November 2023, dealing a blow to the government's revenue and development plans.
By Brian Ngugi 2 months ago
Goal too far? Missed tax target slows Ruto's economic plan
Brands prefer WhatsApp for customer help
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Gikomba gold rush: Banks scramble for a slice of Nairobi's street hustle
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Price cuts: Why State could be taking undue credit
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Inside Sh5b NOC-Rubis deal to revamp cash-strapped oil marketer
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