Equity Bank has concluded negotiations to buy Spire Bank, setting the stage for the signing of a deal that is expected to get the teachers-owned bank out of a financial …
EAST AFRICA
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AgricultureEastern AfricaEconomy
President-Elect Ruto promises to announce a new Fertilizer Prices this week
President-Elect William Ruto says he will announce new fertilizer prices this week after he held consultations with various stakeholders. Speaking during a thanksgiving interdenominational service in Meru Sunday, the president-elect …
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The Nairobi Securities Exchange (NSE) has extended the waiver of its fees on equity day trades to December 31. The extension is aimed at boosting market activity and creating an …
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Banking, Finance & InvestmentBusinessEastern Africa
KCB and IFC partner to Finance Climate Change Efforts in Kenya
KCB Bank Kenya has secured a Sh18billion loan from the International Finance Corporation (IFC) that will boost the lender’s support for businesses that address climate change. Through the partnership, IFC …
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Mobility service provider Uber has expanded its services to Kisumu, Nakuru, Eldoret, and Naivasha, creating more job opportunities in the destinations while cementing its position in the industry. The ride-hailing …
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The chief executive of the Rural Electrification and Energy Corporation (REREC) Peter Mbugua is among top managers at the State corporation who have been suspended over fake surveys estimated to …
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BusinessEastern AfricaEducationFinance & Services
Financial markets gain Sh10bn ahead of poll case verdict
Investors remained cagey ahead of the Supreme Court verdict Monday, with foreigners appearing to have put on hold their activities on the financial markets. Key economic indicators closed Friday — …
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BusinessEastern AfricaFinance & ServicesINVESTMENT
Naivas founders acquire Sh3.8bn in sale of stake to three firms
The family of Peter Mukuha Kago –the founders of supermarket chain Naivas— has pocketed an estimated $32.29 million (Sh3.8 billion) from the sale of an 8.5 percent stake to a …
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BusinessEastern AfricaEducation
Longhorn Half Year Net Profit Increases To Sh39.9mn On Improved Sales
Longhorn Publishers half-year net profit surged to Sh39.9million from Sh7.4 million in the same period in 2021, a 439 per cent increase attributed to improved sales following the resumption of …
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AirtelBanking, Finance & InvestmentEastern AfricaEconomy
Kenya’s Third GDP is handled by Mobile money agents in six months
One in every three shillings spent by consumers, businesses, and the government in Kenya in the first six months of the year moved through mobile money, cementing the country’s position …