Over the past two years, Kenya has experienced one of the worst climate swings in years. Between 2022 and 2023, the country was struck by a severe drought. Within this period, Kenya experienced up to five consecutive below-average rainy...
The Air France-KLM Group has declared its stake in Kenya Airways as a financial asset that it could offload in the market anytime. The group has also stated that its stake is too minor for it to have any...
The Standard Chartered Bank (StanChart) has announced a net profit of Sh. 5.6 billion for the first three months ended March 31 in its current financial year. The StanChart's net profit represented a profit growth of 39.5 per cent.
During...
KCB Bank Kenya has raised its lending rates on new and existing loans. The bank has announced that the new base lending rates will come into effect on May 27 2024 for new loan facilities and July 1 2024...
The Kenya National Highways Authority (KeNHA) has signed a multi-billion new Nairobi-Mombasa Expressway deal. The new deal has been entered into between KeNHA and US infrastructure investment manager Everstrong Capital.
The new deal is a $3.6 billion (about Sh. 472...
KCB Group has overtaken the Equity Group on net profit and total assets in the first quarter of the current 2024 financial.
This comes after KCB Group announced a 69 per cent net profit jump to Sh. 16.48 billion in...
For many years, Kenya's Jomo Kenyatta International Airport was the hub of continental and international air travel in the Eastern Africa region. This glory has faded over the last few years as countries in the region which once looked...
RwandAir and Qatar Airways are constructing a mega airport in Kigali, Rwanda, that is expected to rival the Bore International Airport in Addis Ababa, Ethiopia. This international airport is expected to open sometime between 2027 and 2028.
The project was...
KCB Group has become the latest major company in Kenya to embrace solar power as an alternative to Kenya Power. The bank has announced that it has installed solar power in two of its branches as it seeks for...
Matatu Sacco Nicco Movers Ltd has acquired 30 brand new buses in a financing deal with the Co-operative Bank. The Sacco on Thursday received the second batch of 8 out of the 30 buses that have been financed by...
