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Sunday 26 May 2019
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Category: Business

Kenya and Mozambique move to remove double taxation.

Kenya and Mozambique have initiated talks geared at restructuring trade tariffs. Foreign Affairs Cabinet Secretary Monica Juma says the...

Kenya Power Sh4.8 billion diesel order signals long wait for cheap electricity

Electricity distributor Kenya Power has awarded National Oil Corporation of Kenya (Nock) a Sh4.85 billion tender to supply low sulphur...

Five banks lose bid to block Sh392m CBK fine over NYS scandal

The five banks penalised over suspicious transactions relating to the National Youth Service scandal have lost a bid to block the fines....

Safaricom eases Lipa na M-Pesa transactions

SAFARICOM has upgraded its Lipa na M-Pesa system to enable customers make faster and private cashless payments at more than 2,500 sales...

KCB nets Sh18 billion profit in third quarter results

KCB Group posted Sh18.04 billion net profits from Sh15.08 billion reported in the same period last year. The results declared on Wednesday...

Jambojet to start flights to Somali and Burundi

LOCAL carrier Jambojet will from tomorrow start flying to Somali and Burundi as part of its plan to grow its regional presence. The airline...

Kenyan consumers shy away from funding grand HQs and big entertainment budgets for Internet providers

Kenyan internet consumers would rather get high quality technical services from providers that offer ‘no frills’ high-speed internet...

Safaricom now seeks to increase M-Pesa daily limit

Telecommunications giant Safaricom has began talks with the Central Bank of Kenya CBK  to review the limit imposed on mobile money...

Gikomba on Fire

  Several traders are counting losses after a fire razed down stalls in Gikomba maket early Wednesday morning. The fire is reported to...

Eveready posts Sh267m profit after asset sales

Eveready East Africa booked a Sh452.4 million gain from the sale of assets, which lifted the battery company into profit in the year ended...