Business Optimism Rises to 13-Month High as Firms Predict Growth-PMI Survey
Kenyan businesses, led by the services sector, are optimistic about consistent growth for the next 12 months, the April Purchasing Managers Index (PMI) by Stanbic Bank shows. Levels of outstanding [...]
Fintech Association of Kenya Appoints Esteemed Corporate Lawyer Joseph Githaiga to Advisory Board
The Fintech Association of Kenya has announced the appointment of Joseph Githaiga, an accomplished corporate lawyer and regulatory compliance expert, to its Advisory Board effective May 1, 2024. Joseph Githaiga [...]
Why Nairobi is Rationing Water Despite Heavy Rains
Nairobians will still experience water rationing, with some areas getting low water pressure, despite the ongoing heavy rains, the Nairobi City Water Sewerage Company said in a statement on [...]
Skills Gap among Youth a Challenge in Growth of Green Economy
Stakeholders in the Kenyan Green Economy convened at a national workshop held at the Kenyatta International Conference Center (KICC) to outline strategies that would accelerate employment opportunities for youth within [...]Car General Posts Net loss of KSh 274 million on Forex Losses
Car General Kenya Plc, a listed dealer in power generation, automotive, construction and industrial engineering products in East Africa, has posted a net loss of KSh 274 million in [...]
BOC Kenya Plc Net Earnings Ups 33.9% to KSh 198.1m
BOC Kenya Plc recorded a net profit of KSh 198.1 million for the year ended 31st December 2023 compared to net earnings of KSh 147.9 million in 2022, an increase [...]Crown Paints Kenya Posts Net Loss of KSh 29mn in 2023
Crown Paints Kenya Plc, a listed paints and coats manufacturer, slid into a net loss of KSh 29 million in 2023 from a net profit of KSh 824 million in [...]Saturn Resources gets CAK Approval to Acquire Gold Miner, Shanta Gold
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of gold exploration company Shanta Gold Limited by ETC Group's Saturn Resources Limited for an undisclosed sum. The three [...]Kenya, Tanzania Resolve Poultry Trade Dispute
Kenya and Tanzania have resolved a long-running dispute on the export of poultry and poultry products from Kenya to Tanzania. In a meeting convened this week, Tanzania clarified that it [...]Cost of Living Eases to 5% in April, Supported by Fuel, Food Index
The cost of living (inflation) eased in the month of April from 5.7 per cent in March to 5.0 per cent in April, new data from Kenya National Bureau of [...]Ticket Booking Platform BuuPass Acquires QuickBus
BuuPass, a travel ticket booking platform has announced that it has acquired its continental competitor QuickBus for an undisclosed amount in cash and stock. Quickbus gives BuuPass access to existing [...]WPP Scangroup Records KSh 130Mn Profit
WPP Scangroup has bounced back to profit territory after recording an after-tax profit of KSh 130 million last year, against a KSh 145.5 million loss reported in 2022. “We have [...]
