James Oundo

Equity Group announces Sh. 16 billion net profit in first three months of 2024

Equity Group Holdings has announced a 25 per cent jump in net profit  for the first three months of the year. This growth has translated into a net profit of Sh. 16 billion for the period ended 31st March...

Equity beats Safaricom to become Kenya’s most valuable brand

The Equity Bank Group has been named Kenya's most valuable brand. This recognition has seen Equity take over the top position that was previously held by telecommunications giant Safaricom. The bank was named as the top brand in Kenya by...

Kenyans to pay 16% VAT on cheque processing, forex transactions

The 2024 Finance Bill has raised a storm by proposing a series of controversial taxes that have left Kenyans puzzled. Among the proposed taxes is a new 16% VAT on cheque processing and forex transactions. In the proposed bill, the...

Stanbic Bank announces Sh. 3.9 billion net profit in Q1

The Stanbic Bank has announced a marginal profit growth of 2.8 per cent in the first quarter of 2024. The bank has become the first mainstream lender to release the financial results for the first three months of the...

Jumia Kenya appoints Vinod Goel as regional CEO for Kenya and Uganda

Jumia Kenya has announced the appointment of Vinod Goel, as Regional guest executive officer East Africa. Vinod will manage both Kenya and Uganda as the direct chief executive officer. He takes over the mantle from Charles Ballard for Kenya...

Intern doctors left hanging as KMPDU ends 56-day doctors’ strike

The Kenya Medical Practitioners Pharmacists and Dentists Union (KMPDU) has ended its nationwide strike. The strike, which was initiated and primarily promoted as a protest against the government's refusal to post and properly pay intern doctors, has ended after...

Equity Group: Growth of East and Central Africa’s best financier of small businesses

When the story of the African banking revolution is told, the Equity Bank  will take the prestigious honour of the bank that refused to quack like a duck and soared like an eagle. Like an eagle’s precision, strategy, boldness and...

How KUSCCO bosses ‘stole’ Sh. 588 million every year for over ten years

Top bosses at the Kenya Union of Savings and Credit Cooperative Society (KUSCCO) stole Sh. 588 million every year for over tens years. According to a report that appeared in the Daily Nation on Tuesday, between February 2013 and April...

KQ resumes DRC flights after Congo military releases detained employees

Kenya Airways has announced that it will be resuming its flights to the Democratic Republic of Congo (DRC). The DRC flights by Kenya Airways will resume following the release of two employees by the DRC military. "Kenya Airways confirms that...

How term two, term three will be adjusted after delayed school opening

The school calendar for term two and three will be adjusted to accommodate the days that will be lost in the indefinite postponement of school opening for term two. According to a report that appeared in the Daily Nation on...

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Households risk jail, Sh50,000 fine for paying house helps less than Sh18,000

Households and other employers who underpay domestic workers risk prosecution, including fines of up to Sh50,000, the government has...