The Co-operative Bank of Kenya has posted Sh. 11.6 billion net profit for the first nine months of the year. This came after the bank recorded an impressive gross profit of Sh. 16.5 billion, which was a 20 per...
Telecommunication firm Safaricom's debt has risen five times to a record Sh. 76.9 billion. The debt increased 5.2 times from the 2020 financial year debt of Sh. 14.7 billion. Sh. 62.2 billion of this debt is in the form of...
Any Kenyan nurse who wants to work abroad will have to migrate through the government. This has been stated by the Cabinet Secretary for Health Mutahi Kagwe. Speaking after the United Kingdom stopped the migration of Kenyan nurses to...
Kenya Power is officially broke. This is what an audit of the Kenya Power financials by the Auditor General, Nancy Gathungu has revealed. Ms. Gathungu's report, which covered the period up to June 2021, show that Kenya Power's current...
NSE Day Trading: The Nairobi Securities Exchange has received regulatory approval to initiate day trading in Kenya. Following the approval, the NSE will kick off day trading on November 22, 2021.
"With day trading, a trader will be purchasing and...
Kenya has a gambling problem. This is what the results of betting transactions via M-Pesa have revealed. According to the half year financial results that were released by Safaricom on Wednesday, Kenyans spent Sh. 83.2 billion to place bets...
Safaricom 2021 Half Year Results: Telecommunications firm Safaricom has posted a next profit of Sh. 37.1 billion in the first six months of its current financial year. The profit was a 12 per cent growth from the Sh. 33.1...
Service officers from the National Youth Service have started collecting Kenya Power meter and connection details across the country. This follows a partnership between Kenya Power and the NYS. In July 2021, the Employment and Labour Relations Court gave...
Former Kenya Power boss James Gichuru and former cabinet minister Chris Okemo will face 14 years in jail for theft and money laundering in New Jersey. This is after the Director of Public Prosecutions (DPP) was given the green...
Over the past few years, the world has been swept by a wave of digital transformation. Today, almost all aspects of human interaction has gone digital. This includes the economy. One of the most impacted sectors of the economy...
