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 …
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 …
- 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 …
- AgricultureBusinessEastern AfricaUncategorized
Kakuzi To Ship Inaugural Avocado Consignment To China This Weekend
Kakuzi PLC is set to export its first hass variety avocado consignment to China this weekend. The firm began field harvesting on Friday as part of the firm’s systems trial …
The owner of Mdantsane City Mall and Cape Town’s Gugulethu Square has acquired one of Alexandra’s biggest shopping centers. Vukile Property Fund has bought Pan Africa Shopping Centre and its future extension …
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 …
- BusinessEconomyGlobal NewsUncategorized
IMF Cuts Global Growth Outlook Warning High Inflation Browbeat Recession.
The International Monetary Fund (IMF) cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy …