EABL Profits Drop By 11.8% on Weak Shilling, High Interest Rates
Listed brewer East African Breweries Plc (EABL) recorded an 11.8 percent drop in profit to KSh 10.9 billion for the year ended June 2024, from KSh 12.3 billion a year [...]
Looming Rate Cuts Present Opportunity for Long-Term Investors
Investors have been challenged to stay awake to looming policy changes to reposition their portfolios for better returns that meet long-term financial goals. “Given this environment, balanced foundation allocations comprising [...]Centum Investment Profit Jumps to KSh556 Mn
Centum Investment has recorded a profit of KSh556 million for the financial year ended 31 March 2024 compared to a loss of 61 million in the prior year. The drop [...]NCBA Waives Monthly Fees for Retail, Commercial Accounts
NCBA Group will not charge monthly fees for their retail banking accounts effective 1st July 2024 in a bid to enhance their customers' value for money. “This new era of [...]Japan Grants KPLC KShs. 1.85bn for Last Mile Connectivity
More than 9,000 households are set to benefit from electricity connection after the Japanese International Co-operation Agency (JICA) allocated a grant worth KSh 1.85 billion to utility provider, Kenya Power [...]Businesses Struggle with Sales in Q2, Women Biggest Spenders- ILAM Index
Businesses in Nyeri and Kisumu struggled with sales following 82 per cent and 78 per cent declines in the second quarter of this year, despite individual spending improving, mainly driven [...]Securex Founder Kishori Lal Sahni Secures Majority Stake
Security firm Securex Agencies founder and chairman Balvinder Kishori Lal Sahni has acquired a controlling stake in the company following the Competition Authority of Kenya's (CAK) approval. Lal Sahni founded [...]LemFi Expands its International Payment Services to Brazil and Mexico
LemFi is a leading financial technology platform revolutionising how people move their money globally. LemFi serves over 1 million customers in the United States, the United Kingdom, and Canada through [...]
Inside Adani's US$ 1.84 Billion JKIA Proposal
Adani Airport Holdings Limited (AAHL), an Indian based company, has proposed to invest US$ 1.84 billion to expand and run the Jomo Kenyatta International Airport (JKIA), the Kenya Airport Authority [...]EFR Australia Secures Indirect Control of Base Titanium
Competition Authority of Kenya (CAK) has approved the indirect control of Base Titanium by EFR Australia PTY Limited. “This approval has been granted based on the finding that the transaction [...]Copia iProcure Administrator Plans to Sell Assets of the Defunct Startups
An administrator who had taken charge of two failed startups this year has sought to sell off their assets, which include technological facilities and office furniture possibly to finalize [...]Chinese EV Firm Chery Signs Deal with Local Manufacturer, Plans to Build Assembly Line
A Kenyan autodealer, Afrigreen Automobile, is set to benefit from a US$20 million investment from Chinese EV manufacturer Chery which will be used to establish an assembly plant in [...]
