Sameer Africa has issued a profit warning for the year ending December 31 2022 citing global disruption in its supply chain which has impacted the availability of key products in …
kenya
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Kenya has listed 14 merchandise and service sectors for trade under the African Continental Free Trade (AfCFTA), as it becomes among the first six to pilot the continental pact. This …
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CIC Insurance Group Plc has posted a 45 per cent growth in half-year profit to Sh376.3million from Sh259.5 million in the same period last year. The improved performance is on …
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Kenya Airways (KQ) will have to cope with reduced revenue on the European route as Schiphol International airport extends passenger caps to October. Schiphol has advised airlines that it will …
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BusinessEastern AfricaEconomyTelecommunications
First Celo Africa Web3 Fund Workshop kicks off in Nairobi
Celo, the global payments infrastructure that makes financial tools accessible to anyone with a mobile phone, kicked off its inaugural Africa Web3 Fund workshop in Nairobi on Tuesday, 25th July …
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BusinessEastern AfricaEconomyUncategorized
Kenya flags betting jackpots for money laundering
by Omolaraby OmolaraThe 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 …
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AfricaBanking, Finance & InvestmentBusinessEastern AfricaKenya
Stanbic Bank risks Sh9.6bn pay for failed Juba plane deal
Stanbic Bank Kenya is facing a Sh9.6 billion ($80 million) compensation claim after it froze and reversed funds in an account held by passenger and cargo carrier Air Afrik. The …
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Base Resources, a Titanium miner in Kenya, saw its sales surge 44.7 pc to Ksh 10.8 billion in the fourth quarter ended June 30, 2022. The company says sales rose …
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AirtelBusinessEastern AfricaEconomyTelecommunications
Airtel Invests Sh4.7bn On Additional Network Spectrum
Airtel Kenya has spent Sh4.7 billion to acquire an additional 60 MHz spectrum in the 2600 MHz band as it seeks to expand its mobile network coverage in the country. …
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AfricaAgricultureEastern AfricaFood ProductionKenya
Kenya keen on exporting black tea to Chinese market
Kenya is eager to commence the sale of black tea in China amid growing demand for the product in the vast Chinese market. This intention was made clear recently by …