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KCB posts Sh10.1bn H1 pre-tax profit
KCB Group Chief Executive Officer Joshua Oigara attributed the result to increased business and improved operational efficiencies/FILENAIROBI, Kenya Aug 29 – Kenya Commercial Bank (KCB) has announced a...
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Power cuts blamed on laying of fibre cables
Kenya Power Manager for Common Services Charles Mwaura says more than 30 incidents of power outages reported in various parts of the city/FILENAIROBI, Kenya Aug 29 – Kenya Power has raised concerns...
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E-commerce picks up in Kenya
NAIROBI, Kenya, Aug 29- With about 10 million people having access to the Internet in Kenya, entrepreneurs are quickly shifting their strategies to tap into this growing market. Experts term e-commerce...
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Imperial Bank debit card taps Arsenal fans
The partnership will not only help expand Imperial Bank’s business in the two countries but also endear it to its customers/FILENAIROBI, Kenya, Aug 30 – Imperial Bank has signed a three year...
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Crown Paints profits in 12 percent jump
NAIROBI, Kenya, August 31 – Crown Paints Kenya Limited has announced a 12 percent increase in profits after tax from Sh76.4 to Sh85.9 million for the six months ended June 30. Crown Paints Chief...
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CMA cracks whip on fraudulent securities sale
CMA Board Chairman Kung’u Gatabaki says the enforcement actions taken against the individuals and entities involved were informed by investigations by the authority, which have been going on for the...
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Kenya among 100 most competitive nations – report
Kenya managed to score the most improved African and sub-Sahara country on the GCI top 100 rankings/FILENAIROBI, Kenya, Sep 4 – Kenya is now among the 100 most competitive nations in the world...
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New NSSF Bill threat to private pension schemes
Retirement Benefits Authority Chief Executive Officer Edward Odundo says the law makes it difficult for employees to opt for other private pension schemes for their staff/FILENAIROBI, Kenya, Sep 4 –...
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Paynet invests in chip technology
Paynet Group General Manager Karimi Ithau says the group has also invested in ensuring to meet the security standards in data centres to safeguard against fraud/FILENAIROBI, Kenya, Sep 5 – Paynet Group...
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Balala hails Dangote’s multi-billion shillings investment plans
NAIROBI, Kenya, Sep 9 – The Cabinet Secretary for Mining Najib Balala has welcomed the announcement by Africa billionaire Aliko Dangote to put up a Sh34.94 billion cement factory in Kenya, besides...
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Tea farmers earnings increase by 25pc
The high volume of tea produced was occasioned by sufficient rainfall for most parts of last year/FILENAIROBI, Kenya, Sep 9 – Earnings by small holder tea farmers under the Kenya Tea Development Agency...
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KQ to receive Boeing 777-300ER in Oct
The new Boeing 777-300ER will commence direct flights from Nairobi to Guangzhou from November this year/FILENAIROBI, Kenya, Sep 9 – Kenya Airways is set to receive the first of three Boeing 777-300ER...
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Airtel pact enables insurance, micro saving services
This new agreement eases Airtel Money Customers’ access to insurance and micro savings services/FILENAIROBI, Kenya, Sep 10 – Airtel Money has announced the establishment of a strategic partnership with...
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Safaricom unveils online business software for SMEs
The solutions will allow SMEs access to a website, professional email, human resource payroll software and accounting software at competitive prices/FILENAIROBI, Kenya, Sep 10 – Safaricom Business has...
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Kenya to host global ecotourism conference
Over 300 participants from 38 countries are expected to attend the conference/COURTESYNAIROBI, Kenya, Sep 10 – Kenya is ready to host the forthcoming international ecotourism and sustainable tourism...
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Emirates launches flights to Stockholm
Hubert Frach says Stockholm is an important centre for business, industry and services to Kenya/FILENAIROBI, Kenya, Sep 11 – Emirates Airline has expanded its European reach with the start of a daily...
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Willem Hondius named boss of KQ subsidiary
Hondius brings to the airline a wealth of experience in the aviation industry/FILENAIROBI, Kenya, Sep 12 – The Kenya Airways Board of Directors has appointed Willem Hondius as Chief Executive Officer...
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Barclays waives insurance cost on unsecured loans
Barclays Bank of Kenya Chief Executive Officer Jeremy Awori says the bank will absorb the life insurance premiums associated with unsecured loans/FILENAIROBI, Kenya, Sep 12 – Barclays Bank of Kenya has...
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Hailstorms dilute tea farmers’ returns
Hailstorm has affected hundred of acres of tea/CFMNAIROBI, Kenya, Sep 12 – Small scale tea farmers in some parts of the country are counting losses as hailstorms continue destroying tea bushes in their...
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Kenya trade fair targets 40pc growth
Trindade says the expo will provide opportunities for local and regional companies to communicate and cooperate with the international majors in the industry/CFMNAIROBI, Kenya, Sep 13 – The 17th...
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