Safaricom has appointed John Ngumi as its director and Chairman of the Board effective August 1, subject to regulatory approval. Ngumi will take over from Michael Joseph who served as …
Category:
Economy
Home prices in Nairobi have increased at the fastest pace in 11 years on the back of renewed demand from buyers who had slowed down acquisitions at the peak of …
The Kenya Revenue Authority (KRA) has finally agreed to re-open Keroche Breweries Limited (KRA) in compliance with a court order after it was cited for contempt. The authority said it …
The billionaire owner of 680 Hotel in Nairobi’s city centre has sold the three star-facility to Machakos-based Maanzoni lodges for an estimated Sh1.2 billion, underlining the deal-making in Kenya’s hospitality …
Tea prices at the weekly Mombasa auction rose slightly this week amid an increase in the volumes traded. At this week’s auction, a kilo averaged USD2.22(Sh263.85) up from USD2.21(Sh262.66) last …
Mathira MP and UDA’s deputy presidential candidate Rigathi Gachagua has lost Sh202 million to the State after the High Court ruled that the money held in four accounts at Rafiki …
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Airtel Africa Plc Net Earnings Up 25.3% to $178 Million
Airtel Africa plc, a multinational company that provides telecommunications and mobile money services in 14 countries in Africa reported its earnings for the quarter ended 30 June 2022. Revenue for …
Acorn Investment Management on Thursday announced half-year 2022 results of the Acorn Student Accommodation Development REIT (ASA D-REIT) and the Acorn Student Accommodation Income REIT (ASA I-REIT). The listed REITs together …
East African Breweries PLC (EABL) has reported Sh15.6billion in net profit for the full year ended 30 June 2022, a 124 per cent growth compared to Sh6.9billion posted in the …
The mega jackpots paid to punters in Kenya have been flagged as possible avenues for laundering proceeds of theft, drug dealings and terrorism as the State heightens focus on the …