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...
The National Treasury has announced that it is planning to sell Safaricom shares in a bid to raise more money from targeted privatization of State assets. This has been revealed by the Cabinet Secretary for the National Treasury John...
Ethiopian Cargo has received its 12th Boeing 777-200LR Freighter aircraft, ET-BAC. Ethiopian Cargo is the freight arm of the Ethiopian Airlines.
"This milestone delivery not only expands our cargo capacity but also enhances our logistics network across key global markets,...
KCB Group has announced a Sh16.54 billion net profit in the first quarter of the current financial year. This KCB Group Q1 2025 net profit came in flat from the Sh16.48 billion net profit that was recorded in the...
Equity Bank Kenya has sacked a number of employees over suspicious M-Pesa and bank accounts transactions. The sacking follows an internal investigation that started on April 14, 2025, which revealed the undertakings by the impacted Equity Bank employees.
According to...
Kenyans are now securing loans using fridges, TVs, livestock, the latest data from the Business Registration Service (BRS) has shown. The BRS is currently the custodian of the Movable Property Security Rights registry in which creditors including commercial banks...
