The Absa Bank Kenya has recovered Sh227 million that was lost through incidents of banking fraud. This recovery was done in the financial year ended December 31, 2024. In the same financial year, the bank stopped the loss of...
The Standard Media Group has announced a full year net loss of Sh1.1 billion. This loss came in a financial year that saw the troubled media house record a revenue decline of up to 22.6 percent to Sh1.8 billion.
In...
Unsuspecting investors who dreamt of owning homes through Peter Nyaga's Certified Homes Limited have been left high and dry after projects by the company ground to a halt. This company was one of several that were highlighted in a...
The Kenya Revenue Authority (KRA) will start using a new Current Retail Selling Price (CRSP) schedule for used motor vehicles on July 1.
According to a notice that was issued by the Commissioner for Customs and Border Control, the new...
The financials results for the first quarter of 2025 have once again given insights on the performance of the two largest banks in East and Central Africa. The KCB Group vs Equity Group results show that KCB Group continues...
Equity Group Holdings on Wednesday issued job termination notices to 1,200 employees. The sack notices followed internal investigations that had commenced last month on dubious transactions by the lender's employees through their bank and M-Pesa accounts.
The sackings were confirmed...
The National Social Security Fund (NSSF) is planning to put Sh25 billion in a Chinese consortium that is targeting to acquire the tender for the construction of the Rironi-Mau Summit highway.
In this plan, NSSF will pay between Sh20 billion...
Equity Group Holdings has announced Sh15.4 billion net profit for the first quarter of the year. This Equity Group Q1 2025 net profit was a drop of 4 percent when compared to the Sh16 billion net profit the Group...
The World Bank is pushing for new income tax rates for Kenya. In a new report that is proposing new tax bands, Kenyans earning over Sh800,000 per month should pay 38 percent income tax. At the same time, the...
Absa Bank Kenya has announced a net profit increase of 3 percent in the first three months of the year. The results by the lender show that Absa Bank Kenya Q1 2025 net profit increased from Sh5.9 billion that...
