Equity Group Focuses On Sustainable Projects
Equity Group disbursed Sh73.3 billion in loans to farmers and value chain players last year in an effort to boost food security. In its sustainability report, the lender said a [...]
CarGeneral Acquires Cummins CG Holdings Limited
The Competition Authority of Kenya (CAK) has given CarGeneral (Trading) Limited approval to fully acquire Cummins CG Holdings, after meeting regulatory requirements. Cummins CG Holdings main commercial activities are the [...]Diamond Trust Bank Partners With Fintech Startup Boya To Launch Virtual Visa Card
Kenyan fintech Boya Inc has launched its virtual expense card in partnership with VISA and Diamond Trust Bank Kenya, which will help businesses to manage payments and expenses with [...]Market Snapshots: Top Things To Know In The Global Markets This Week (24-28 July)
Last week, the dollar index rallied 1.17% and closed the week on a high. The Dow Jones index surprised the market with a 2.07% rally compared to SP500’s 0.69% gain [...]
KRA Collects KSh 50 Billion from Hospitality Sector At JKIA
Kenya Revenue Authority(KRA) Customs and Border Control Department has registered a revenue collection growth of 10.12% at the Jomo Kenyatta International Airport (JKIA), to reach KSh49.063 billion against a target [...]FAO Reports that One in Five People Face Hunger in Africa
A Food and Agriculture Organization (FAO) study has revealed that one in five people across Africa face food shortage representing a figure twice the global average. On the global stage, [...]
IMF Monitors Developments Around Kenya's Finance Act
The International Monetary Fund (IMF) is closely monitoring the court case around the Finance Act days after its executive board gave the new law approval as a buffer against debt [...]Kenya Railways Suspends Train Services As High Cost of Living Protests Kick-Off
The Kenya Railways has suspended operations in major parts of Nairobi City following demonstrations against the Finance Act 2023. Kenya’s opposition has called for a three- day demonstration to push [...]BAT Kenya Half-Year Net Profit Drops 3.5% to KSh 2.8 Billion
British American Tobacco (BAT) Kenya Limited reported a fall in Half-Year Net Profit by 3.5% to KSh 2.8 billion for the period ended 30th June 2023 from KSh 2.9 billion [...]M-PESA Expands Reach to Bangladesh and Pakistan with TerraPay Partnership
Safaricom Plc has partnered with TerraPay (Mobex Kenya) to enable over 32 million M-PESA customers to send and receive money to Bangladesh and Pakistan, reaching a combined population of over [...]Kenyan Onion Prices Skyrocket as Imports Dry Up
Kenyan onions have shot up in price due to shortages occasioned by a cut in imports from Tanzania. Available data shows that onions are now selling at KSh150 per kilo [...]Betting Gaming Sites Pay KSh 6.6 B as Excise Duty in 2022/23
The Betting and Gaming Sector in Kenya paid KSh 6.64 billion in Excise Duty to Kenya Revenue Authority(KRA) at the close of the 2022/23 financial year ended on 30th June [...]
