Nyati DT Sacco Balance Sheet Grows 7.99% to KSh 4.94 Billion
Nyati Deposit-Taking Sacco, the highest dividend payer in the Sacco sub-sector, saw its assets grow 7.99% to KSh 4.94 billion at the end of the 2023 financial year from KSh [...]
Radio Consumption High in South Nyanza, Internet Big in Nairobi and N. Eastern
The rate of radio consumption is higher in South Nyanza followed by Lake and the Rift regions, while North Eastern records the lowest listenership, the Communication Authority of Kenya says [...]
Harambee Sacco Targets KSh 4Bn in Share Sale
Harambee Deposit-Taking Sacco aims to raise KSh 4.0 billion over the next 2 years through a share capital drive in a bid to wean itself from external financing. This strategic [...]SACCOs' Huge Returns Despite Harsh Economic Conditions
Savings and Credit Co-operative Societies (SACCOs) engaged in the deposit-taking have continued to pay huge dividends and rebates to members as shown by the number of societies that have already [...]Frank Mwiti Appointed New CEO of NSE
Frank Mwiti, the Eastern Africa Markets Lead Partner at Ernst Young, will succeed Geoffrey Odundo as the CEO of the Nairobi Securities Exchange (NSE). Mwiti is a dynamic [...]
Startups to Capitalize on Incentives at TRIFIC SEZ Innovation Hub
Service sector businesses operating within the TRIFIC Special Economic Zone will reap the benefits of tax incentives, world-class facilities, and the SEZ's One-Stop-Shop business services centre to optimize their competitiveness [...]BAT Kenya Net Profit Drops 18.8% to KSh5.6Bn As Taxes Bite
British American Tobacco (BAT) Plc, a listed tobacco manufacturer, has posted an 18.8% decline in its net profit for the full year 2023 to KSh 5.6 Billion from KSh 6.9 [...]Cabinet Approves Sale of Development Bank of Kenya, 5 Others
The cabinet has approved the sale of Development Bank of Kenya (DBK) and five other non-strategic commercial state-owned enterprises. DBK commenced financing operations in 1964 and for a period of [...]Roam Raises $24mn in Series A Funding
Kenyan-based electric mobility startup Roam has raised $24mn in equity and debt in its Series A funding, the company announced on Wednesday. This funding is a critical step for Roam [...]Saccos Rebrand to Grow, Ward Off Competition
SACCOs, especially those that engage in the deposit-taking business, have continued to rebrand to appeal to more members and beat stiff competition for deposits. The long list of DT Saccos [...]Kenya Floats Tender for Maturing US$ 2 Billion Eurobond
Kenya has announced a tender offer for its US$ 2 billion, 6.875% notes that are due to mature this June 2024. Receipt by Citibank NA London of all of the [...]Safaricom Plc M-PESA Customers in Ethiopia Hit 3.1M in Q3 2023
Safaricom, the leading mobile phone operator in the Eastern Africa region, has posted 3.1 million M-PESA customers since its launch in Ethiopia. “We are now interoperable with 9 banks including [...]
