High Interest Rates, Insurance Premiums Chain Boda Boda Operators to Rental Arrangements
Challenges such as prohibitive interest rates, high insurance premiums, and limited financial literacy still hinder broader access to affordable credit by boda boda operators. “Improving access to credit, enhancing safety, and embracing sustainable [...]
Court Orders KRA to Pay KSh 6.8mn for Unlawful Auction of Horticultural Equipment
The High Court has ordered the Kenya Revenue Authority (KRA) to compensate an importer with over KSh 6.8 million after customs officers at the Port of Mombasa violated the company’s [...]Crown Paints Bounces Back with KSh 544 Million Profit, Declares KSh 3.00 Dividend
Listed paint manufacturer Crown Paints has announced a strong financial recovery for the year ended 31st December 2024, posting a KSh 544 million net profit, up from a KSh 29 [...]
TransUnion Kenya CEO Urges Youth to Review Credit Reports as Key to Financial Stability
Credit-rating firm TransUnion Kenya is encouraging young Kenyans to take charge of their financial futures by regularly reviewing their credit reports through the Nipashe app or by texting their name [...]TotalEnergies Kenya Profit Slumps 51% as Margins Shrink, Finance Costs Rise
Listed oil marketing company TotalEnergies Marketing Kenya Plc has reported a 51% decline in net profit to KSh 1.49 billion for the year ended 31 December 2024, down from KSh [...]Bill Gates, UAE Foundations Target Kenya and 9 Countries with US$ 500mn Maternal and Newborn Health Fund
Kenya is among the 10 African counties targeted in a new commitment of nearly $600 million for maternal and newborn survival by several global philanthropic foundations. “The continent is making remarkable [...]NCBA IG Insurance Posts 477% Profit Growth in 2024
NCBA IG Insurance, formerly AIG Kenya, has posted a net profit of KSh 186.7 million, up from KSh 32.4 million a year earlier, for the year ended 31 December 2024. [...]Express Kenya Woes Deepen amid Streak of Losses, Revenue Decline
Listed logistics company Express Kenya Plc has reported another year of financial distress, with its net losses deepening to KSh 107.9 million in 2024 from KSh 103.4 million in 2023. [...]Nigeria’s Fraud Watchdog Links Four Kenyans to the CBEX Crypto Scam
The Economic and Financial Crimes Commission (EFCC) of Nigeria has named four Kenyans suspected of involvement in the collapsed online trading platform called Crypto Bridge Exchange (CBEX) that was a [...]Karen, Gigiri Join Apartment Hotspots as Land Prices Stall in Q1
Land prices in Nairobi suburbs remained unchanged in the first quarter of 2025 compared to the previous quarter, as property sale prices in the areas contracted for a fifth straight quarter, the [...]Microlender Real People Kenya Slashes Losses by 80%, Completes Management Buyout
Real People Kenya has posted a sharp improvement in its financial results for the year ended December 31, 2024, reducing its net loss by 80% to KSh 19 million from [...]Betway Parent Firm in KSh 5bn Tax Dispute As it Files for Liquidation
Bluejay Limited, the parent company behind Betway Kenya, will be required to pay about KSh 5 billion in outstanding taxes after the Tax Tribunal upheld various assessments by the Kenya [...]
