15 March 2023
- The Digital Lenders Association of Kenya has rebranded to Digital Financial Services Association of Kenya (DFSAK) as the association reported disbursing over Ksh.500 billion in mobile loans to small businesses and households over the last eight years.
15 March 2023
- KCB Group PLC recorded Ksh40.8 billion in profit after tax for the full year ending December 2022 on higher funded and non-funded income streams. This was a 19.5% rise in profitability from Ksh34.2 billion reported in 2021, KCB said on Wednesday…
15 March 2023
- Ken Ogeto told a joint parliamentary committee that the shareholding of Telkom Kenya was still in the hands of two companies registered in the Cayman Island and Mauritius.
15 March 2023
- KCB Group shareholders are set to take home a total of Sh6.4 billion in dividends after the lender posted a 19.5 per cent jump in net earnings.
15 March 2023
- NAIROBI, Kenya, Mar 15 – Group has posted a Sh40.8 billion profit after tax for the full year ending December 2022, on higher funded and non-funded income stream. Its net profit grew 19.5 percent to Sh40.8 billion from Sh34.2 billion during a similar…
15 March 2023
- Every month, David Kalukhana says his wives and children consumer five bags of maize. “When I’m not farming, I go out to do some work like constructing stone fences around homes. They will never sleep hungry as long as I’m alive,” he says.
15 March 2023
- The full implementation of Africa's free trade area will help regional countries including Kenya drive out the current global economic turmoil arising from the Russia-Ukraine crisis.
15 March 2023
- Energy balance and private investments are crucial for the recovery of KZN economy. KZN has the potential to cover the energy needs of the province and still supply excess energy into the national grid. With the projects being planned, KZN could…
15 March 2023
- LONDON, United Kingdom, Mar 15 – Teachers, London Underground train drivers and civil servants joined striking doctors Wednesday in a mass stoppage as Britain’s finance minister unveiled his tax and spending plans. With hundreds of thousands of…
15 March 2023
- NAIROBI, Kenya, Mar 15 – The government has so far managed to take over operations at the Standard Gauge Railway (SGR) from the Chinese government by 90 percent. The Kenya Railways Managing Director Philip Mainga revealed that the corporation has been…
15 March 2023
- NAIROBI, Kenya, Mar 15 – Safaricom’s investment platform is experiencing some challenges, with some investors unable to withdraw their funds. Mali allows MPesa users to invest as little as Sh100. Investors then enjoy a return of 10 percent interest.…
15 March 2023
- NAIROBI, Kenya, March 15 – The National Treasury has officially launched the Kenya National Entrepreneurs Savings Trust (KNEST) Board of Trustees which is set to handle the Hustler Fund savings scheme as part of its agenda to drive financial inclusion…
15 March 2023
- Planning Systems Services, the architectural firm behind many of Nairobi's most iconic buildings, this week confirmed the death of Jim Archer, who was its founding partner. He was 84 years old.
15 March 2023
- NAIROBI, Kenya, Mar 15 – Huawei Kenya will invest Sh10 million into wildlife and environmental conservation at the Lew Conservancy. The fund, which will also protect the endangered white rhinos, will also run empowerment programs for 120,000 locals in…
15 March 2023
- Introducing FORBES AFRICA’s 50 Over 50 list – our first-time compilation of 50 women over the age of 50 scaling newer heights and inspiring the next cadre of leadership on the African continent. Age is just a number for them and retirement not an…
15 March 2023
- Mwasi is credited with getting KYEB out of the red and turning it into an institution capable of supporting 50 per cent of its budget through partnerships.
15 March 2023
- The Digital Lenders Association of Kenya has rebranded to Digital Financial Services Association of Kenya (DFSAK) as the association reported disbursing over Ksh500 billion in mobile loans to small businesses and households over the last eight years…
15 March 2023
- MOSCOW, Russia, Mar 15 – Russia moved Wednesday to suspend double tax agreements with “unfriendly” countries in response to sanctions imposed on Moscow over the Ukraine conflict. Double tax treaties prevent people or companies who receive income…
15 March 2023
- NAIROBI, Kenya, Mar 15 – Diamond Trust Bank (DTB) is planning to increase lending to green projects to 25 percent of its loan book. The bank also targets to achieve a net-zero carbon emission status by 2030. DTB Group Chairman Linus Gitahi made the…
15 March 2023
- NAIROBI, Kenya, Mar 15 – Bolt Food, Kenya’s leading online delivery platform, has announced the winner of its Valentine’s Day campaign in partnership with Bonfire Adventures. Yarolyne Sakase was declared the winner of a fully paid trip worth Sh85,000…
15 March 2023
- NAIROBI, Kenya, Mar 15 – The Business Registration Service (BRS) has onboarded 15 new services to boost online services. The new services include hire-purchase business license application, company secretary appointment, cessation of business name,…
15 March 2023
- Diamond Trust Bank (DTB) has announced a commitment to grow its lending to green projects to a quarter of its loan book by 2030. The Bank has also committed to achieve net zero carbon emissions status across its group operations by the same time,…
15 March 2023
- The former Governor's properties include residential homes as well as high-end luxury apartments in Nairobi's swankiest neighborhoods, worth several billions of shillings.
15 March 2023
- Lawrence Nzuki, one of the victims who completed his studies at the Kisii University in 2019, told the committee that he paid Sh437,000 for a job and a chance for a masters degree in Finland.
15 March 2023
- COPENHAGEN, Denmark, Mar 15 – Denmark will set up a $1 billion fund for aid to Ukraine in 2023, the Danish government announced on Wednesday following agreement by almost all parties in parliament. Western nations have pledged a steady flow of support…
15 March 2023
- NAIROBI, Kenya, March 14 – Over five million people living in underserved, rural, or agricultural areas in Sub-Saharan Africa have benefited from access to innovative credit, savings, and transaction-based products through the Sh5 billion Mastercard…
15 March 2023
- NAIROBI, Kenya, Mar 15 – Digital lenders have disbursed a total of Sh500 billion in mobile loans to households and small businesses. A total of eight million of them have received the funds over the last eight years. This was announced after the…
15 March 2023
- Africa's fast-growing youth population holds the key to the continent's future, and the world's prosperity. Amid ongoing challenges, the 2023 YGL Aliko Dangote Fellows showcase the most promising African leaders working towards transformative change…
15 March 2023
- By Samuel Amira NAIROBI, Kenya, Mar 15 – Millennials are a driving force behind the rise in car sales in Kenya, and there are several reasons why this is the case. Kenya has been experiencing steady economic growth in recent years, and this has led to…
15 March 2023
- Borrowing or lending money through social channels, such as from friends and relatives is not a bad idea. It is particularly beneficial in situations where there is trust. However, lending money informally is an exercise that requires caution and due…
15 March 2023
- NAIROBI, Kenya, March 14, 2022 – East Africa’s notable company mergers and acquisitions have been recognised at this year’s DealMakers AFRICA Awards gala held in Nairobi, following a two-year break of a physical event due to COVID-19 restrictions. The…
15 March 2023
- The former CEO is demanding among other benefits, sweat equity as the founder of the company, for spending his time, labour and money as well as helping the firm expand in the region.