Kenya Power has dashed commercial banks and other third parties’ hopes of renegotiating fresh contracts to sell prepaid electricity tokens, in a decision that will restrict the lucrative deal to …
Kenya plans to sign an agreement with China to end double taxation of income or gains arising from one country and paid to residents of the other. The deal, which …
Kenya Power has locked out banks and third-party vendors from selling tokens for pre-paid customers over increasing complaints on delays and cases of billing fraud. The State-owned power utility on Tuesday …
A seven-storey building in Nairobi leased out for nearly a decade to the ruling Jubilee Party was on Monday put up for auction, with the bank targeting raising Sh435 million …
Grey, a Nigerian fintech that provides virtual international bank accounts to Africans, has raised $2 million in seed funding. The seed funding round included participation from Y Combinator, Soma Capital, …
Local institutional investors have acquired shares worth Sh9.5 billion in Safaricom following the exit of domestic shareholders and foreigners, reversing the government’s objective of boosting Kenyan retail investors’ stake in …
Leading financial services group Absa Bank Kenya reported its financial results for the half year period ended June 2022 with net profit growing by 13 percent to Sh. 6.3 billion …
Fahari Aviation has signed a service agreement with Kipkebe Ltd, a subsidiary of Sasini PLC, which will see the use of drones in agricultural activities such as fertilizer application and …
Co-op Bank Group has posted a Sh11.5billion half-year profit marking a 55.4 per cent jump compared to Sh7.4billion reported in the same period in 2021. The improved performance was attributed to …
The family of the late President Daniel Moi has restructured its ownership in Standard Chartered Bank, with his son appearing among the top individual owners of the listed lender. Regulatory …