Loss-making real estate company Home Afrika has resulted to offloading its assets to settle an outstanding multi-million loan. The company that is listed on the Nairobi Securities Exchange owes the I&M Bank Sh. 79 million.
It also has outstanding debts...
American multinational corporation and technology company Microsoft has reclaimed the top position as the world's most valuable company from artificial intelligence chip maker Nvidia. This is after Nvidia's share price fell by 3.5 per cent on Thursday.
Nvidia's shares fell...
Kenyans living in diaspora sent home Sh. 52.2 billion in the month of May, data from the Central Bank of Kenya for the month of May shows.
The data that is contained in the Central Bank of Kenya's Weekly Bulletin...
When all Kenyan banks released their 2023 financial results in March this year, one bank stood out from the rest. This bank was the NCBA Group. The bank had the largest growth in net profit in Kenya. Its full...
More Kenyans than ever are now using household items to secure loans they would otherwise not get from the traditional financing institutions such as banks.
Among the household items that are being most frequently used are televisions, sofa sets, tables...
Michael Macharia and his tech company Seven Seas Technologies are set to receive Sh. 1 billion compensation from the government after a breached contract.
The payment comes after the National Assembly's Budget and Appropriation Committee set aside the funds for...
The government will use funds from the newly acquired loan from World Bank to settle the pending Eurobond debt that is maturing this month.
This has been revealed by the Central Bank of Kenya Governor Kamau Thugge. This move will...
Kenyans have now defaulted on loans worth more than Sh. 600 billion, data from the Central Bank of Kenya has shown. This amount of loans in default is the highest in close to 20 years and has been attributed...
Kenya Airways (KQ) has come out to speak after reports that some of its flights to Somalia have been diverting back to Nairobi after failing to land at Mogadishu airport. The national carrier has blamed bad weather as the...
The safety rating of a vehicle is a major influence of why a buyer will prefer one car manufacturer over the other or one vehicle model over the other.
But if you are buying vehicles from Japan, there is a...
