Kenyans Pile Pressure on Wealthy Nations to Fund Climate Change Programmes
Kenyans want the government to put more pressure on rich countries to provide resources to support the country’s response to climatic changes. “By large majorities, Kenyans support greater investments in [...]
State to Divest From 6 NSE-Listed Companies as Bourse Posts KShs. 54.7 Mn Profit
The Nairobi Securities Exchange (NSE) has recorded a profit of KSh54.7 million in H1 this year, citing revenue growth from non-trading income streams like interest and consultancy. The divestiture of [...]American Investors Sue Kenyan Businessman Julius Mwale For US$ 870,000 Fraud
An American couple Mathew Shaw and Brooke Shaw are accusing US-based Kenyan businessman Julius Mwale and his wife Kaila Mwale of defrauding them US$ 870,000 (KSh 112 million), [...]Education Expenses Sweep Bulk of Digital Loans-Tala Survey
Majority of Kenyans channeled money borrowed in the first half of this year to finance education, restock existing business and day-to-day living needs, digital lender Tala found in its H1 [...]Jubilee Holdings Half Year Profits up 23% to KSh2.5 Billion
Jubilee Holdings posted a 22.7 per cent jump in net profit in the first half of 2024 to KSh2.5 billion from KSh 2.0 billion recorded in the same period in [...]CBK Raises an Extra KSh32 Billion in August Tapsale
The Central Bank of Kenya (CBK) has raised a further KSh32.02 billion from the tap sale of the August Infrastructure bond reopened last week. The 17 year paper was undersubscribed [...]Government Spends KShs44 bn on Fuel Subsidy-Energy PS
The government has spent KShs. 44 Billion on stabilization of fuel prices, which the Ministry of Energy says has been funded by the Petroleum Development Levy Fund. “Under the Kenya [...]Crown Paints Profits Double to KSh 75 Mn
Crown Paints Kenya Plc, a listed paints and coats manufacturer (Ticker: CRWN), posted a KSh 75 million profit for the first 6 months to June 2024, a 103 percent jump [...]Interswitch Partners with Elie Technologies for Contactless Payments
Interswitch East Africa (Kenya) Limited has partnered with Elie Technologies to unveil a contactless payment solution for merchants and customers in Kenya. The solution, dubbed Tumatap, will enable Micro, Small, [...]Savannah Clinker Makes KShs. 25.4bn Counter Offer for Bamburi Cement
Listed cement maker Bamburi Cement has received a second acquisition offer after Savannah Clinker Ltd. expressed interest to acquire the company at KSh 70 per share. Savannah Clinker has pledged [...]Saudi Arabia Has Surpassed the UK as Source of Remittances CBK
The Kingdom of Saudi Arabia is rivaling the United Kingdom (UK) as one of the top sources of diaspora remittances to Kenya, although the two countries' contributions are still a [...]MTN's Bayobab Completes Mombasa-Malaba Fibre Network
MTN Group subsidiary Bayobab Kenya has completed fibre network connecting Mombasa to Malaba and Busia on the Kenya-Uganda border, offering diversity and redundancy in delivering internet services. This project is [...]
