Nation Media Group Sinks into KSh 205.7 Mn Loss
Kenya’s largest media house, Nation Media Group, has announced a loss of KSh 205.7 million in the full year 2023, from KSh 318.5 million profit in 2022. “As we embark [...]
Excise Duty on Digital Loans will Increase Defaults, Harm Tax Revenues
The controversial 20% excise duty on digital credit is likely to be counterproductive and result in less tax revenues, digital lenders and sector strategists have said. Raising the cost of [...]Upperhill Land Value Highest in Nairobi, an Acre Averages over KSh 480Mn
The average value of land in Nairobi’s 18 highest activity suburbs has gone up from KSh 30.3 million in December 2007 to KSh 203.7 million in March 2024. During the [...]
Liberty Kenya Holdings Plc Posts Net Profit of KSh 671.9 Million
Liberty Kenya Group recorded net earnings of KSh 671.9 Million for the financial year ended 31st December 2023 compared to KSh 267.7 Million over the same period in 2022. Liberty [...]
Westlands Outperforms Other Nairobi Suburbs in Q1 Rent Increase
Properties in Nairobi’s Westlands area remained attractive in the first quarter of 2024 with rental prices in the district increasing 5.8 per cent during the period under review. “Tenants in [...]TikTok to Provide Quarterly Reports to Kenyan Gov't in New Regulation
The ministry of ICT has told the National Assembly that every three months, TikTok will produce compliance reports detailing their efforts in combating obscene sexual and offensive content. To facilitate [...]Unease among Civil Servants as Kenya Moves to Contain Wage Bill
Human resource operations in the public service are headed for a shake up as the government moves to reduce its wage bill to 35 per cent against revenue by the [...]Bamburi Cement Plc Posts Net loss of KSh 399M
Bamburi Cement Plc posted a net loss of KSh 399 million in 2023 compared to a net profit of KSh 181 million in 2022. Earnings per Share which measures a [...]Retail Outlets Anticipate Higher Sales after Slow Business in Q1
Kenyan retailers are expecting their April-June sales to increase after the sector recorded low business in the first quarter of this year, according to ILAM Consumer Spending Index for the [...]Equity Bank Pursues Hackers for US$ 2 Million Heist
The Directorate of Criminal Investigations has arrested 20 suspects linked to the Debit card fraud that occurred in Equity Bank between April 9 to 15, where more than US$ 2 [...]Draft Affordable Housing Regulations Published
Draft Affordable Housing Regulations 2024 have been published by the Ministry of Lands, Public Works, Housing and Urban Development which has also put out a notice seeking written comments and [...]Kenya Ranks 4th in Africa for High Net-Worth Individuals
Kenya has been ranked after South Africa, Egypt and Nigeria as African countries with the highest number of millionaires. Egypt, which is second in the continent, has 15,600 millionaires, 52 [...]
