- Bamburi Cement Group recorded a revenue of Ksh20.1 billion in the first six months of 2022, representing a 2.6 per cent increase from Ksh19.6 billion posted in the corresponding period of 2021. Unaudited results for the six months ended June 30, 2022, show that the Group’s turnover was mainly…
- In 2021, Standard Chartered Kenya paid a record dividend of Ksh7.1 billion or Ksh14 per share. Net profit for the year had risen 62 per cent to Ksh9.04 billion.
- Absa Bank Kenya PLC has reported a Profit after Tax of Ksh6.3 billion for the half-year period ended June 30, 2022, registering a 13% growth as compared to a similar period last year. The improved performance was achieved on the back of double-digit revenue growth driven by accelerated lending as…
- Non-interest income also increased to Ksh13.3 billion in H1 2022 up from Ksh10.3 billion in the corresponding period last year. The banking group's total assets grew 5.4% to Ksh603.9 billion from Ksh573 billion last year.
- Among the prominent football stars plying their trade in the Brasileirão Série A include former Chelsea and Arsenal attacking midfielder Willian currently at Corinthians club, former Porto and Zenit Saint Petersburg forward - Hulk as well as former Sevilla left back Guilherme Arana now at Atlético…
- She will take over from Joseph Wanjohi who has served in an acting capacity since May when the former Chief Enterprise Business Officer, Kriss Senanu, left the company barely a year into the job. Senanu had joined Safaricom in July 2021 from Telkom, one of it's rivals.
- National Bank of Kenya (NBK) reported Ksh729 million profits after tax in H1 results compared to Ksh765 million over a similar period in 2021. Operating income grew 13% while operating costs increased by 11% on the back of increased investments in strategic projects to enhance operational…
- KCB Group PLC has reported net earnings of Ksh19.6 billion for the six months ending June 30, 2022, a 28.4 percent rise from a similar period in 2021. The growth from Ksh15.3 billion was driven by improvement in both the funded and non-funded income streams. Additionally, the international…
- Three hundred DStv fans of HBO’s popular Game of Thrones series were treated to a private invite-only screening of the premier episode of the House of Dragons sequel at Westgate Cinemas in Nairobi on the night of Monday 22, 2022 following the global premier of the series. See Also >> At…
- "OFGEN Limited, the target undertaking, is a company incorporated in Kenya. OFGEN is a solar energy company which provides services such as development, design, procurement, construction, operation, and maintenance of photovoltaic systems for commercial and industrial use," the Authority disclosed.
- Customers purchasing DStv installations for their commercial establishments have been urged to always strive for quality of both product and installation services. Using an accredited installer makes a major difference between enjoying picture quality and minimal interruptions and having to deal…
- The national carrier significantly increased its revenues to Ksh48.1 billion, up 76 percent from Ksh27.4 billion in H1 2021. The uptick in revenue is an indicator of the continued recovery of the aviation sector which was hit hard by Covid-19 over the past two years.
- Justice Mabeya's decision means that Helb will no longer be allowed to charge beneficiaries interest amounts, penalties or fines that exceed the principal amount.
- The growth was attributed primarily to the significant increase in income. Equity saw its operating income rise 26.4% to hit Ksh65.6 billion for the half-year, up from from Ksh51.9 billion over the same period last year.
- By Gloria Musau With just the happily ever after part left, I am almost done re-reading The Smart Money Woman on Zuri’s six-month financial cleansing journey and I can relate. I don’t have a very posh car or a high-end apartment yet but I am getting there and like Zuri, I am revisiting my friends…
- Odinga and Karua are seeking 23 reliefs including an order for inspection of IEBC servers and scrutiny of the rejected and spoilt votes. Odinga has reiterated that he is committed to unearthing evidence of the activities they believe compromised the elections.
- This Facebook page with the name Hon David Murathe does not belong to Jubilee vice-chairman David Murathe, nor is it run by the politician. The page, which has over 30,000 followers, has been making posts allegedly originating from the politician, which Business Today has found to be false. On…
- Members of Parliament (MPs) in Kenya have no plans of letting go of the Constituency Development Fund (CDF) kitty despite the recent Supreme Court ruling that deemed the CDF Act, 2013 unconstitutional.
- Ugandan food-tech startup Pieme, famed for connecting Guests to Hosts offering homemade local dishes and accommodations has spread its wings to Kenya. Pieme app, which uses blockchain technology, helps users convert their homes to part-time restaurants, guest houses or event venues. Through Pieme…
- Imposters often use prominent people’s names and photos - an known technically as identity t***t - to attract followers, which is the currency of social media. Once they get enough followers and/or fans, they change their profiles into their genuine names and begin to monetize the accounts.
- "Schools were to open on August 11, but this was pushed to August 18. Our appeal is that the school calendar be extended or if it is not possible, they reduce the school fees," Maiyo appealed to Magoha.
- The Digital Finance Services Association of Kenya wants the implementation of the Excise Duty Act as amended by the Finance Act 2022 suspended pending determination of the suit.
- Listed agribusiness firm Kakuzi PLC has posted 60 per cent increase in pretax profit in its half-year results to Ksh494.7 million. The profits have been attributed to increased sales of avocado and macadamia crops and steadily growing revenues from its market and product diversification efforts.…
- "We are in receipt of our licence BCLB no. 0000448 valid up to June 30th, 2023," SportPesa noted in new communication seen by Business Today. SportPesa was among at least 97 firms which, as of July 1st, had failed to have their licenses renewed by the BCLB.
- Itumbi had claimed that the company's operational license had been awarded to a member of the Kenyatta family in what he described as 'a clear théft of intellectual property'. Besides the post by Itumbi, unverified reports have been widely circulated across social media claiming that the Kenyatta…
- NMG attributed the decline in profitability to factors including a 'drastic' rise in the global prices of newsprint paper, disclosing that the costs were up over 100% compared to the previous year. The company also cited the weakening of the Kenyan shilling against the dollar driving up the cost of…
- At last, the election season, which saw Kenyans struggle to open shops, do business and maintain incomes, is now firmly behind us and Kenyans can now go back to their daily hassles. The Kenyan electioneering period is usually a rough, uncertain season that sees many businesses slowing down, small…
- AEA Ltd (AEA), a subsidiary of TransCentury PLC, has signed a memorandum of understanding (MOU) with Symbion Architect to construct housing units for Office Conglais De Controle (OCC) staff (a quality assurance body) in the Democratic Republic of Congo (DRC). The project cost estimate is valued at…
- President Uhuru Kenyatta appointed Ms Joanne Mwangi-Yelbert as Chairperson of the Kenya Tourism Board (KTB)for a three-year term via gazette notice dated July 5, 2022. Ms Mwangi-Yelbert is the first female Chair since the inception of KTB. “I want to thank President Uhuru Kenyatta for this…
- Global payments company WorldRemit announced the results of its 2022 Cost of School study observing how the changing economic environment has affected the true cost of educatįon across 21 markets globally. The study shows that Kenyan families will pay more than 1.75 times their household monthly…
- The four core functions of the county which the NMS took over are health services, transport services, physical planning and development and public works, utilities and ancillary services.
- While pursuing high-quality development, CNBM will stick to its core concept of “making use of resources to serve the construction” practice its corporate responsibility of “creating a wonderful world with materials”, and strive to offer more high-quality products and services.
- The shows will be produced as part of the licensing partnership between NBC Universal Formats and MultiChoice Group - the African entertainment giant behind pay TV services DsTV and GoTV as well as streaming platform Showmax. NBCUniversal Formats is the International Sales division for all Formats…
- Commercial customers on the DStv Business packages will now pay new rates beginning 1st September, 2022. MultiChoice Kenya revised the subscription prices for all its DStv packages in a notice sent to customers on 1st August and will also apply to the commercial DStv Business Work, Play and Stay…
- It’s been nine years since the senseless and b****l déath of Reeva Steenkamp at the hands of her then-boyfriend, Oscar Pistorius, and it is a kílling that is still deeply embedded in the minds of millions across the globe. With August being Reeva’s birthday month, M-Net will premiere My Name is…
- He has built a massive empire spanning sectors including hospitality, real estate, agriculture and insurance. He has also previously disclosed assets including stocks in various Nairobi Securities Exchange (NSE)-listed firms and land parcels.
- An image shared online is wrongly captioned to indicate that there were Presidential outriders at Deputy President-elect Rigathi Gachagua’s home on August 15, 2022. The image was shared online ahead of the announcement of the winner of the Presidential race in Kenya’s 2022 General Elections held on…
- A statement purportedly signed by owners of Standard Media Group and Royal Media Services calling the 2022 presidential election in favour of Raila Odinga is Fake. The statement, signed by Royal Media Services chairman S.K. Macharia and outgoing Baringo Senator Gideon Moi, whose family is the…
- On 13th August, as tallying and verification of presidential ballots continued at Bomas of Kenya, a Facebook group, Uhuru For Us, posted a message purporting that the Kenya Civil Aviation Authority (KCAA) has restricted the airspace over Raila Odinga’s home in Karen, Nairobi. The post claims the…
- Ruto received 50.49% of the vote, a total of 7,176,141 votes, defeating Azimio la Umoja Candidate Raila Amolo Odinga - a former Prime Minister and veteran opposition leader who was making his fifth stab at the Presidency. Odinga received 6,942,930 votes representing 48.5% of the vote.
- An image circulating online purporting to show elite General Service Unit (GSU) officers from the Recce Squad at Deputy President William Ruto’s residence is fake. The image shared by Twitter user Josephat Mulinge alleges that the officers were at Ruto’s residence ahead of the announcement of the…
- An internal memo from acting Vice-Chancellor Waceke Wanjohi informed staff and students of Wainaina's dismissal. It further told them to disregard any directives from the former Vice-Chancellor.
- A screenshot of a Facebook post showing Kenya’s ICT Cabinet Secretary Joe Mucheru congratulating Deputy President William Ruto for winning the presidency in the 2022 General Elections is fake. The screenshot shared by Facebook user Terer Larry appears as though it was taken from CS Joe Mucheru’s…
- A new crop of business leaders and executives are set to occupy various elective seats across Kenya following the conclusion of the 2022 General Elections in Kenya. Business owners and executives among other professional figures were among candidates for seats in the Senate and National Assembly as…
- This tweet with an image purporting to show officers blocking the road to Deputy President William Ruto’s home is false. The image surfaced online a day after Kenyans voted on Tuesday, August 9, 2022, with Twitter user Jim Spire Sentogo alleging that “Ruto had put under preventive arrest”.…
- Kenya will soon break into the global Blueberries export market as listed agribusiness firm Kakuzi PLC and berries marketing firm Driscoll’s announce a collaborative partnership to grow the local and export volumes. As part of Kakuzi’s blueberry export plans, the firm is undertaking commercial…
- Rarely is a jackpot won more than once, but this has not been the case with the OdibetsLakiTatu daily jackpot. The jackpot, which has been lauded by punters, has been won almost daily with some punters even winning more than twice. Recently, Mr David Mutahi, a bio-scientist by profession, won the…
- The prices announced on Saturday, August 14th comes as Kenyans await declaration of a winner of the Presidential election. Verification and tallying is ongoing.