Standard Chartered Kenya H1 2024 Profits Surge By 49%
Standard Chartered Bank Kenya has registered a 49 percent jump in profits after tax to KSh 10.9 billion in the first half of 2024 from KSh 6.9 billion recorded in the [...]
Taxi App Little Hikes Fares by 15% as Drivers Demand Better Rates
Ride-hailing platform, Little, will increase rates for all its fleet categories by 15% to enable its drivers to earn more amidst economic challenges. This increase may mean slightly higher costs [...]Car General Pessimistic About Boda Boda Business as Profit Drops to KShs. 62mn
A drop in sales in Kenyan trading operations has contributed to a decline in Car General's net profits from about KShs. 96.7 million recorded in 2023 to KShs. 62.4 [...]Nairobi Bourse Bets On Virtual Trading Platform NSE Soko Play to Train Young Investors
The Nairobi Securities Exchange (NSE) intends to train a new generation of investors through a virtual mock trading platform known as NSE Soko Play, with the platform set to launch [...]NCBA Group Posts KSh9.8 Billion Profit in H1 2024
NCBA Group has posted a 5 per cent increase in half year profit to KSh9.8 billion compared to the same period in 2023. The Group continued to accelerate and promote [...]Kenya Settles on German Firm to Print Money after De La Rue Exit
The Central Bank of Kenya (CBK) has settled on German company Giesecke+DevrientCurrency TechnologiesGmbH (G+D) to print banknotes in a classified procurement process. “Due to its national security implications, CBK’s request [...]KCB Posts 86% Jump in Profits to KSh29.9 Billion in H1 2024
KCB Group has posted an 86.4 per cent jump in profits to KSh29.9 billion in the first half of 2024 compared to KSh16.1 billion recorded in the same period 2023. [...]Twiga Foods Lays Off 59 Employees in Fresh Restructuring Move
Kenyan e-commerce firm, Twiga Foods, will attempt to adjust business operations and rejuvenate revenues after reducing its workforce by 59 according to Tech Cabal. These changes are crucial as [...]IM Group Posts KSh6.1 Billion Profit in H1 2024
IM Group PLC posted a profit of KSh6.1 billion in the first half of this year, a 21% growth from KSh5.03 billion during the same period last year. Customer deposits [...]Kakuzi Half Year Profits Triple on Higher Macadamia, Avocado Revenue
Kakuzi Plc, a listed agricultural firm, has posted KSh347.5 million net profit for the 6 months to June 2024 a 195.8 percent increase compared to the same period in [...]Bonds Turnover Crosses the KShs. 1 Trillion Mark at the NSE
The value of bonds traded in the secondary market at the Nairobi Securities Exchange (NSE) has crossed the KSh 1 trillion mark for the first 8 months to August, surpassing [...]Pest Control Board Defends Claims of Allowing Carcinogenic Products in Kenyan Market
The government through the ministry of Agriculture’s Pest Control Products Board is on the defensive mode after being accused of allowing harmful pesticides in the market. The deputy speaker also [...]
