UAP Old Mutual Group posts 316% growth in Net Profit to KSh 1.2 Billion
Net Profit of UAP Old Mutual increased from KSh 299.8 Million to KSh 1.2 Billion, an increase of 316 per cent. The firm attributes the growth to increase in Investment [...]
Prudential Unveils Extra Benefits To Shelter Clients Against COVID-19
Clients to receive one-off cash benefit of KSh 10,000 if they test positive for coronavirus KSh 2,500 daily if hospitalised or quarantined in a government facility KSh 5,000 per day [...]
KNBS Rebases CPI, PPI, Launches Quarterly Labor Statistics
The Kenya National Bureau of Statistics has rebased Consumer Price Index (CPI) and Producer Price Index (PPI) to reflect the current situation. The new Consumer Price Index features a basket [...]
HF Group Posts KSh110 Million Net Loss in 2019
HF Group's net loss narrowed to KSh110 million in 2019, an 82 percent improvement from KSh598 million net loss booked in 2018. The housing finance company cut its total operating [...]
Kenya Airways Seeks Govt Bailout to Survive COVID-19 Impact
Kenya Airways (KQ) has applied for a state bailout to avoid its collapse, after the suspension of all its international passenger flights with effect from 25th March 2020, so as [...]EABL Appoints New Company Secretary
The East African Breweries Limited appointed Kathryne Maundu as the new company secretary on 28th March 2020. She replaces Joyce Munene who resigned from the position on 27th March. Kathryne [...]Tea Prices Fall at the Weekly Tea Auction
The weekly Mombasa Tea Auction held on the 25th and 26th March 2020 recorded 12.5 million kilograms of tea offered for sale. There was a decline in the offered kilograms [...]EPZs to Sell All Products Locally
The National Treasury has allowed Export Processing Zones (EPZs) to sell 100% of their produce in the local market, albeit temporarily, countering the earlier law that restricted them to only [...]State Appoints New Inspectors for Imported Cars Parts
The Government of Kenya through the Kenya Bureau of Standards has appointed new inspectors of imported cars, mobile equipment, and spare parts, a move that seeks to enhance the efficiency [...]SACCOs Move to Digital Platforms
Co-operative Societies especially those that operate Deposit-Taking business, are changing the business models and encouraging members to use available online and mobile platforms. We have optimized all our ICT platforms [...]How Kenya's Curfew is Hurting Businesses
There's no doubt Kenya's dusk to dawn shutdown is hurting productivity and businesses nationwide. Some of the areas that are most affected include; food industry, transport sector, informal workers, and [...]Kenya's Family Bank Full-Year Profit More than Treble
Net earnings of Family Bank trebled to KSh 949.8 Million last year compared to KSh 224 Million the previous year. This impressive growth was propelled by an expanded loan book [...]
