Telecommunications firm Safaricom has announced that its net profit for a full year has dropped for the second time. This is after the company posted a 1.7 percent drop in net profit to Sh. 67.49 billion.
These were the company's first...
The Kenya National Bureau of Statistics (KNBS) has revealed the highest and lowest paying jobs in Kenya today. KNBS puts the average monthly private sector income at Sh. 69,103 while the monthly public sector income is at Sh.68,632.
According to...
Naivas vs Carrefour: If you are looking to shop and get discounts on basic household items, which between these two retailers will give you the best bargains?
The answer to this question lies in the current prices. A survey that...
The multi-billion Ndegwa family has moved its NCBA shares worth Sh. 1.7 billion in a restructuring strategy. The family moved the shares to its primary investment vehicle.
In the move, 70.9 million shares that were previously held in an account...
The National Bank of Kenya is set to pay a former Member of Parliament Sh. 2.28 billion for unlawfully auctioning his land fourteen years ago.
The payment will be made after the Court of Appeal found that the auction of...
The Co-operative Bank has unveiled a new method of pricing foreign currency loans. This comes as the global banking industry transitions from the London Interbank Offered Rate (LIBOR).
LIBOR, which has been the benchmark interest rate at which major global...
Kisumu County Governor Anyang' Nyong'o has vowed that he must demolish Kisumu Boys High School which is located at the Kisumu city centre.
According to Nyong'o, a city is commercial-oriented and should be run as a profit-making entity. As such...
Safaricom has appointed Michael Mutiga as the new appointed Chief Business Development and Strategy Officer. Mutiga's appointment takes effect from May 1.
He will lead Safaricom’s business development and transformation agenda, and will be responsible for Strategic Partnerships, Mergers and...
Shopping malls in Kenya are running on empty and have resulted to offering discounts of up to fifty per cent in a bid to survive. According to a market review report by property firm Knight Frank, tenants have been...
The government of Kenya is planning to buy top of the range vehicles and luxury homes for visiting VIPs and presidents.
According to the Ministry of Foreign Affairs, the acquisition of these mansions and luxury vehicles will cut the government's...
