EAST AFRICA

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 …

Toyota Kenya has acquired a 35 per cent stake in solar installation company Ofgen for an undisclosed value, deepening the auto firm’s interest in the growing clean energy market and …

Runaway inflation, new taxes and depreciation of the shilling have hit hard manufacturers of fast-moving consumer goods, who are now warning of reduced profitability which will lead to job losses. …

Kenya has spent Sh71.17 billion to subsidize diesel, super and kerosene in the six months to June, highlighting the burden of the fuel stabilization scheme on the national budget. Consumption …

Businessman and co-founder of the IT firm SevenSeas Technology Limited, Michael Macharia, has won a Sh1.6 billion award against the government following a cancelled contract to wire 98 State hospitals. …

American digital bank UMBA recently acquired a majority stake in Daraja, a deposit-taking microfinance bank, in the latest purchase that has made the loss-making industry a target for acquisitions. The …

Investors are unwilling to lend the government billions of shillings in a push for higher interest rates, signalling a funding headache that awaits the incoming administration. The August Treasury bond …

Businesses in Nairobi have remained positive about resumption in activities as the election period comes to an end. This after a slowdown in activity since last week as most Nairobians …

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 …

For the first time since 2017, private sector credit growth recorded double-digit growth in quarter one of this year according to the latest data from the Central Bank of Kenya. …