National carrier Kenya Airways has trimmed its half-year loss to Sh9.9billion from a Sh11.5billion loss posted in the same period last year attributed to increased revenues. The Group’s total revenue …
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- Banking, Finance & InvestmentBusinessKenyaUncategorized
Equity net profit increases to Sh24.4 billion in the half o
Equity Group has posted a 36 percent jump in net profits to Sh24.4 billion in the first half of this year on increased lending and strong performance of non-funded income. The …
Telkom has unveiled an unsecured funding system offering small enterprises loans between R20 000 and R5 million, aimed at eliminating current red tape in business financing. The telecommunications service provider …
City of Kigali has announced that at least 70 kilometres of roads will have been constructed by the end of this fiscal year. Emmanuel Kata Barwa, the city engineer told The New …
- BusinessEastern AfricaEconomyUncategorized
Kenya Power to avoid financial payment of solar from homes and businesses
Kenya Power will not offer financial payment to homes and businesses that will supply excess solar power to the national grid at their cost. The homes will offset the cost …
During the Senate Plenary Sitting on Wednesday, August 10, that approved Regis Rugemanshuro, and Louise Kanyonga, respectively as the CEO and Deputy CEO of the Rwanda Social Security Board (RSSB), some …
Google has landed its Equiano undersea cable at Telkom’s facility in Melkbosstrand, WIOCC has announced. WIOCC owns one of Equiano’s 12 terabit-per-second (Tbps) fiber pairs and was Google’s landing partner …
- AmazonUncategorized
Multichoice’s business faces increased competition against Netflix in South Africa.
MultiChoice’s South African business is facing headwinds with increased competition, declining subscriber growth, and an assault on its exclusive sports rights. To appreciate MultiChoice’s battle in South Africa, you have …
Kenya is vying to become the manufacturing hub for American companies seeking to relocate or diversify out of China in fresh trade talks. Washington opened with Nairobi in July Industrialization …
- BusinessEastern AfricaEconomySanlamUncategorized
Sanlam Kenya narrows half year net loss to Sh287m on lower taxes
Insurance firm Sanlam Kenya narrowed its net loss to Sh287.7 million in the half year ended June on the back of a lower tax bill and reduced expenses. The company …