Farmers Miss Out on Credit as Majority Stuck to Traditional Storage Methods Study
Majority of small holder farmers are missing out on credit to expand their farms as many are stuck in the traditional ways of storing their harvest. “The annual financing requirements [...]
Flame Tree Group Extends Losses in H1 2024 to KSh90.6 Million
Flame Tree Group has posted a KSh90.6 million loss after tax for the 6 months to June 2024, attributed to high financial costs and surging operational expenses. However, the plastics, [...]Wasoko, MaxAB Finalize Merger Process, Plans to Rebrand
Kenyan e-commerce startup, Wasoko, has completed an all-stock transaction with Egyptian e-commerce firm MaxAB thus paving the way for the much-anticipated merger between the two startups. In line with the [...]Base Resources' Revenues Down 50% as Kwale Operations Near Completion
Australian mining company, Base Resources, hit revenues worth US$ 135.1 million in the financial year 2024 compared to US$ 271.4 million in the previous financial year due to reduced [...]Bolt Raises Fares by 10% to Address Driver Earnings Concerns
On demand mobility company Bolt has announced a 10% increase in base fares across all its ride categories, in a move the company said is aimed at providing fair compensation [...]Limuru Tea Sinks into KSh19.6 Million Loss in H1 2024
Limuru Tea has posted a pre-tax loss of KSh19.6 million in the first half of 2024 compared to a pre-tax loss of KSh2.4 million in 2023. The increase was due [...]Absa Bank Kenya H1 Profit Jumps to KSh10.7 Billion
Absa Bank Plc, the kenyan unit of South Africa's Absa Group, said its profit after tax for the half year 2024 jumped to KSh10.7 billion from KSh8.3 billion recorded in [...]WPP Scangroup Records KSh252.3 Million Loss in H1 Results
Listed advertising firm, WPP Scangroup, has blamed foreign exchange losses of KSh250 million for their recorded losses for the half-year results citing the need to mitigate risks associated with [...]State Mulls Reviving Good' Parts of Finance Bill 2024 to Raise KShs. 150Bn
Revival of progressive parts of the withdrawn Finance Bill 2024 would yield the government KShs. 150 billion in revenue, the Cabinet Secretary for National Treasury John Mbadi said last week. [...]SP Downgrades Kenya to B- on Weaker Fiscal and Debt Trajectory
SP Global Ratings has lowered Kenya’s credit rating to B- from B', citing withdrawal of the controversial Finance Bill 2024 after deadly protests, holding that it will slow the country’s [...]CBK Stops Bond Trade Commissions One Year After DhowCSD Launch
The Central Bank of Kenya (CBK) will cease paying commissions to licensed securities dealers, stock brokers and custodian banks starting September just a year after the launch of the [...]TPS Eastern Africa (Serena) in KShs 570mn Profit After KShs 30mn Loss in H1 2024
TPS Eastern Africa (TPSEAP), the owner of the Serena Hotels chain, has reported a profit after tax of KShs. 570 million in the six months ended 30th June 2024 from [...]
