Equity Bank has posted a 3 per cent net profit dip in its third quarter.
On Monday Equity Bank reported the drop to Sh. 14.6 billion in third quarter after tax profit as its interest income fell 11 per cent to...
Emerging reports indicate that troubled retailer Nakumatt Supermarket has filed for bankruptcy. According to a report appearing in The Standard newspaper, Nakumatt on Monday filed for bankruptcy and proposed that Peter Kahi of PKF Consulting Limited should be appointed as...
Safaricom chief executive officer Bob Collymore has taken a sick leave. According to a statement from the telecommunications giant, Mr. Collymore will be away from the helm for a number of months undergoing treatment.
“On behalf of the board, management...
WhatsApp has easily become the most widely-used app on Google's Play Store as well as iOS' App Store. The application boasts over a billion downloads on Play Store alone.The company also released a few statistics claiming around 1 billion...
BY ERIC WOKABI / CAR IN MIND
To import any commodity into Kenya, an importer will have to enlist the services of a clearing agent who will process the import documentation through Kenya Customs electronically on the Simba 2005 system...
KCB has received a $100 million (about Sh. 10.37 billion) loan from the African Development Bank (AfDB) for onward lending to small and medium sized enterprises (SMEs) in the region.
The Abidjan-based multilateral development bank noted the credit will contribute...
A Kenyan billionaire and owner of the TAJ Mall which is situated in Embakasi has found himself in hot soup.
This is after he was accused of stealing two mobile phones valued at Sh. 55,520. Mr. Ramesh Chandara Govind is accused of...
Customers of Kenya Power owe the firm Sh. 3.2 billion in unpaid bills.
This is according to Kenya Power's managing director Ken Tarus.
He notes that the bigger amount in this outstanding bills' debt is owed by large consumers who include...
The world’s wealthiest individuals are on a roll, with billionaires in Asia leading the pack. Billionaire wealth increased 17 per cent to $6 trillion (Sh618 trillion) in 2016, after a decline the previous year, UBS AG and PricewaterhouseCoopers said...
Yesterday, the government gazetted two days as holidays. These are Wednesday (today) and Thursday (tomorrow). The two days were declared as holidays in order to afford Kenyans time off to prepare for the repeat presidential election which had been...
