James Oundo

Equity Group to start general and health insurance business by June

Equity Group is set to launch its general and health insurance business arm by the end of June 2024. This will happen one year after the banking group received an approval in principle to set up a general insurance business....

Britam full year net profit jumps 97 per cent to Sh. 3.2 billion

Nairobi Securities Exchange listed financial services group Britam Holdings Plc has recorded a net profit jump of 97 per cent. According to financial results released by the firm, Britam full year net profit jumped by 97.4 per cent from Sh....

Family Bank full year net profit rises 13 per cent to Sh. 2.5 billion

Family Bank has recorded a Sh. 2.3 billion net profit. This Family Bank full year net profit is equivalent to a 13.3 per cent jump from the Sh. 2.2 billion that the bank recorded in the same period the...

Kenya Airways cuts full year net loss from Sh. 38 billion to Sh. 22.7 billion

National carrier Kenya Airways has reduced its full year net loss from Sh. 38 billion to Sh. 22.7 billion. This represented a 40.6 per cent reduction in net loss. In the year under review, the carrier recorded an operating profit...

Willis Nalwenge: 3 methods of saving, investing I use build up my wealth

Willis Nalwenge is the Investment Manager at the Orient Asset Managers What is your role at Orient all about? My current role at the Orient Asset Managers involves conducting investment reviews to drive returns while managing risk, product development, relationship management...

KQ flights to Eldoret to cost Sh. 8,700; return flights Sh. 15,000

Kenya Airways resumed flights from Nairobi to Eldoret on Monday, March 25, 2024. According to a release by the national carrier, KQ flights to Eldoret will cost Sh. 8,700 for a one way ticket while return flights will cost around...

Kua Ventures, Startup Savanna partner to support SMEs in East Africa 

Kua Ventures, a faith-driven impact investor based in Nairobi, has partnered with Startup Savanna, an initiative fostering entrepreneurial growth and innovation in Kenya, to support the region's SMEs. This collaboration allowed 10 entrepreneurs to pitch for a maximum of Sh....

KCB Group shares recover after sharp decline over zero dividend announcement

KCB Group shares on Friday recovered at the Nairobi Securities Exchange after recording a sharp decline on Thursday. The shares had recorded a decline following the release of the full year 2023 financial results in which the lender announced that...

Kindiki: Why Kenya wants to ban civil servants from using TikTok

If you are a civil servant in Kenya, you may soon no longer be able to use popular video app TikTok. This is after the government through the Interior Ministry alleged that TikTok is posing a "threat" to Kenya's national...

Co-op Bank full year net profit rises to Sh. 23.2 billion; to pay Sh. 8.8 billion dividend

The Co-operative Bank of Kenya has announced a full year net profit growth. The bank has announced a net profit growth to Sh. 23.2 billion for the full year ended December 2023. This was a 5.2 per cent growth from...

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Energy CS Wandayi: Kenya on course to achieve universal clean cooking access by 2028

 Kenya aims to ensure universal access to clean cooking solutions by 2028. This goal addresses the serious public health...