Stima SACCO posts a KSh 1.02 Billion Net Surplus
Stima Savings and Credit Co-operative Society realised a surplus of KSh 1,021,122,000 at the end of the financial year ended 31st December 2020. This is compared to KSh881,619,000 at the [...]
AECF Launches $1.2m Innovation Fund to Support Kenyan Renewable Energy Businesses
The African Enterprise Challenge Fund (AECF) has launched a $1.2 million innovation fund to support entrepreneurs in the local renewable energy space to start and diversify their business. The fund [...]
KCB Group FY 2020 Earnings Decline 22% to Kes.19.6B
KCB Group Plc has posted a net profit of Kes.19.6 billion for the financial year ended 31st December 2020. This was a 22% decline from the Kes 25.2 billion recorded [...]
Why is living authentically' important for your money journey? Rina's story
Are you one of those people that believes that money will buy you happiness? Or do you believe that you don’t need money to be happy? It’s really an age-old [...]KRA Cautions Against Use of Fraudulently Registered Vehicles
The Kenya Revenue Authority (KRA) is cautioning the public against using fraudulently registered vehicles, and those whose duty might not have been paid. According to a press release by the [...]GDC Receives $5 Million Grant from AU for Geothermal Exploration
Kenya's state-owned Geothermal Development Corporation (GDC) has secured a $5 million grant from the African Union (AU) for geothermal exploration of the Paka Geothermal Project in Baringo. The move comes [...]Kenyans Spend Only 2.5% of Income on Clothing
Clothing forms the smallest part of spending, taking only 2.5% of private expenditure, compared to 6.4% allocated for housing and 44.8% for food and beverages out of the total private [...]Electricity Cost Rises by KSh1.20 Per Unit
Kenya Power has announced that electricity cost in March has risen by KSh1.20 per unit, including taxes, on the backdrop of increased compensation to expensive diesel plants. This pushes the [...]CMA Sets 1 July, 2021 as the Deadline for Coffee Brokers
The Capital Markets Authority (CMA) has set a July 1 deadline for coffee brokers to get new licences under rules introduced last year to get rid of cartels. In apublic [...]How Carrefour Gained Market Share to Become Kenya's 3rd Largest retailer
Carrefour is now the 3rd largest supermarket chain in Kenya, behind Naivas and Quickmart. The retailer has survived pandemic disruptions due to its aggressive online shopping business model and a [...]Market Report; 16 March, 2021
At the end of today's trading session on the Nairobi Securities Exchange A total of 18,283,800 shares in 947 deals, corresponding to a market value of KES 675,046,104.00, were traded. [...]KCB Group secures US$ 150 Million Credit for MSMEs, Green Projects
KCB Group, the country's largest and most profitable lender, has secured a US$ 150 Million credit facility to enable it to increase lending to climate-friendly projects and small business enterprises, [...]
