Subsidiaries of the Co-operative Bank of Kenya played a critical role in the bank's profit growth in the full year 2023. A spot check on the performance by the subsidiaries shows that the all returned positive performance with profit...
The Nation Media Group (NMG) has announced a full year net loss for the period ended December 2023. The media company's financial report shows that it recorded a net loss of Sh. 205.7 million.
This loss was attributed to among...
Billionaire industrialist Narendra Raval has taken part of his Devki business empire to Stanbic Bank whose chief executive officer is Joshua Oigara.
The move has seen part of Raval's business move from KCB Group to Stanbic Bank after more than...
Kenya Airways customers lost Sh. 4.26 billion in tickets they bought but failed to use within the specified period in the financial year ended December 2023.
This was a 54.3 per cent increase from the Sh. 2.76 billion the airline...
The World Bank had named the Kenya shilling as the best performing currency i Sub-Saharan Africa so far in 2024.
This follows sustained gains by the local currency that have seen it recover from lows of 161 against the US...
Kenya Airways has announced the return of Nairobi-Maputo flights. These flights will take place three times per week starting from June 14, 2024.
The flights will be done on Wednesdays, Fridays and Sundays on an Embraer E190 aircraft.
According to Kenya...
The Kenya National Highways Authority (KeNHA) has shut down the Nairobi-Garissa A3 road. The road has been shut down following heavy downpours that have resulted in massive flooding in regions heading towards Garissa.
"This poses a high safety risk to...
Billionaire industrialist Narendra Raval has opened his West Pokot clinker factory. The clinker factory named Cemtech Limited is located at Sebit in West Pokot County.
The factory is the latest addition to a list of businesses owned by the billionaire...
Leading telecommunications firm Safaricom has appointed Florence Nyokabi as the new human resource chief officer.
"Join us as we welcome Florence Nyokabi, our new Chief Human Resources Officer, to Safaricom! Nyokabi’s first day was 1st April 2024," a statement from...
The I&M Group has announced that it is planning to increase the number of its physical branches to 100. This increase is expected to be completed within the a two-year period ending December 2026.
The new branch expansion strategy has...
