Bamburi's pretax profits dip by 97% to KSh23 million
Bamburi recently announced the unaudited group results for the half year period ended 30th June 2019. In the half year period, pretax profit declined to KSh 23 million from KSh [...]
Safaricom leverages on technology to offer healthcare solutions
Safaricom is leveraging on its mobile technology to bridge the healthcare gap and offer affordable, quality, and accessible healthcare solutions. M-Tiba is a mobile phone service that allows users to [...]
Britam's half-year pretax profits grow by 78% to KSh2.4 billion
An analysis of Britam Holdings financial reports shows the firm has improved its financial health in the six months to June 2019. Britam recorded a 78% growth in pretax profit [...]KRA's pursuit for Keroche's tax evasion is challenged
Okiya Omtatah today challenges KRA's decision to pursue Keroche for tax evasions. The activist petitioned against KRA's waiver for the NIC-CBA merger. According to the activist, the waiver for the [...]Fuliza hit Ksh 81 billion lending mark at the end of June 2019
Fuliza has disbursed 81 billion in the six months between January 2019 and June 30. According to a recently released 2019 report which covers fiscal year of 01 April 2018 [...]NIC Bank's pretax profits reach KSh3.1 billion in the first six months of 2019
NIC Bank recently released its results for the half-year that ended June 2019. The lender reported a pretax profit of Ksh 3.1 billion, a slight increase from Ksh 2.9 billion [...]Kenol Kobil delists from the NSE
Energy Company Kenol Kobil has been delisted from the Nairobi Securities exchange after the successful acquisition by Rubis Energie S.A.S. The oil distributor was acquired at a cost of KSh36 [...]
NSE to install new trading system worth Sh 110 Million
The Nairobi Securities Exchange (NSE) is in the process of installing a new trading platform purchased from UK’s MilleniumIT for KSh110 million. NSE postulates that the new system will lead [...]Co-operative Bank's Half Year Profit up 4% to Sh7.5 billion
Co-operative Bank Kenya has released its half-year results with net profit increasing by 4% to Ksh7.5 billion, compared to Ksh7.1 billion reported in the same period in 2018. The growth [...]Kenya Bankers to rely on innovation and affordable loans to drive growth
KenyaBankers Association has released the industry’s five-year strategic plan (2019-2023) aiming to utilize deeper innovation and affordable loans to drive growth. KBA chairman and KCB Group MD, Joshua Oigara said [...]Wangusi replaced by Mercy Wanjau at Communications Authority of Kenya
Communications Authority of Kenya has appointed Ms. Mercy Wanjau as the Acting Director-General with effect from today to replace incumbent Francis Wangusi. Until her appointment, Ms. Wanjau was CA s [...]Electricity rebates a huge relief for manufacturers
Effective Implementation of the Electricity Rebates Initiative will see manufacturers get a 30% tax relief on their electricity expenses. This will, however, apply on condition that factories increase their energy [...]
