Absa Life Assurance Posts 90% Jump in Profits to KSh 862m
Absa Life Assurance Kenya (Absa Life), an Absa Group subsidiary, has reported an increase in gross profit to KSh 862 million in 2023. “Absa Life continues to maintain a healthy [...]
Microlender Real People Kenya Posts Net Loss of KSh 93M
Real People Kenya, a micro-lending financial solutions provider, widened its losses to KSh 93 million in 2023, from a net loss of KSh 85.3 million in 2022. Revenues declined to [...]Kenya’s Tourism Recovers, Expected to Hit Pre-COVID Levels in 2024
Kenya recorded 1.96 million tourist arrivals in 2023 compared to 1.48 million visitors in 2022, an increase of 31.5% according to figures contained in Kenya Tourism Research Institute’s 6th Annual [...]Online Food and Grocery Delivery Generated US$103mn in 2023, Projected to Grow 19% Annually-CAK Study
Online food and groceries delivery platforms generated US$103 million last year, a figure that is projected to grow annually at a rate of more than 19% according to a [...]
Regional Tax Authorities Net Over US$ 3Mn from Evasion Probes
The East Africa Revenue Authorities have a realised a total of US$ 3million in revenue from tax evasion investigations for the periods between October 2023 and April 2024. “Corruption fights [...]Kenya to Receive US$ 500 Million from UAE
Kenya’s National Treasury and Economic Planning Ministry and ADQ, the largest Sovereign Fund in the United Arab Emirates (UAE) have signed a deal that will see the Fund pump up [...]Investors Bet on Naivasha's Green Energy, Infrastructure to Set Shop
Proximity to a green power generation plant and its access by both rail and road networks is setting Naivasha as the next big industrial hub in Kenya. The Japanese car [...]TPS Eastern Africa Net Profit Hits KSh 870.9 Million
TPS Eastern Africa Plc recorded a net profit of KSh 870.9 million at the close of the financial year ended 31st December 2023, more than double earnings compared to KSh [...]US$ 1.5Mn Feasibility Study of Kenya-Uganda Expressway Kicks Off
Plans to build a 256km expressway from Kenya to Uganda has kicked-off with the official handing over of feasibility study of the site by the East African Community (EAC) to [...]Nairobi Roads Closed, Construction and Permits Halted as City Floods
The ongoing floods in Nairobi have prompted the urban roads regulator's decision to close some roads, and the county government's decision to temporarily halt major construction and excavation work until [...]Sanlam Kenya Suffers Net Loss of KSh 127 Million in 2023
Sanlam Kenya Group, an insurance, investment, and retirement firm has reported a net loss of KSh 127 million for the full year ended 31st December 2023 compared to KSh 83 [...]How Advertising Executive Transformed Kisumu County's Tourism Sector
When Achie Ojony Alai applied for a position in the county government of Kisumu in 2017, it was an odd and new career move. After her graduation with an economics degree [...]
