EAPCC defaults on Sh3.6 billion staff and tax dues

Nairobi, Dec. 1 -- East African Portland Cement Company (EAPCC) has defaulted on taxes and salaries amounting to Sh3.6 billion, underlining the financial woes of the State-owned firm. The amounts wer... Read More

Centum narrows half-year loss to Sh426m

Nairobi, Nov. 30 -- Centum Investment Company narrowed its net loss by two-thirds to Sh426.4 million in the half year ended September, helped by a recovery in its real estate business. The company ma... Read More

Sameer builds warehouse in real estate expansion drive

Nairobi, Nov. 28 -- Sameer Africa has launched construction of a new Sh260 million industrial warehouse within its Nairobi complex as part of its expansion in the real estate business, which is its mo... Read More

Profit warnings at NSE rise to nine on tough economic environment

Nairobi, Nov. 28 -- Crown Paints and WPP Scangroup are the latest listed companies to issue profit warnings to their investors, bringing to nine the listed firms that are anticipating lower earnings t... Read More

M-Pesa not for sale yet, says Vodacom Group

Nairobi, Nov. 16 -- South Africa's telecoms operator Vodacom Group says it is not yet ready to sell part of its stake in mobile money platform M-Pesa, as rivals make moves to monetise their financial ... Read More

Andersen Kenya inks deal with Turkish firm to attract FDI

Nairobi, Nov. 14 -- Advisory firm Andersen Kenya has signed a memorandum of understanding with Istanbul-based trade organisation DeiK to make it easy for investors from Turkey to find deals in Kenya. ... Read More

AI fails basic tests as students using it get answers wrong

Nairobi, Nov. 13 -- Wrong answers from artificial intelligence (AI) products have become a nightmare for learning institutions, where users rely heavily on ChatGPT and Google Bard, among other tools, ... Read More

Google unveils AI-backed search for sub-Sahara

Nairobi, Nov. 9 -- Google is reimagining its user experience with the launch of a generative AI-powered search engine in the sub-Saharan African region on an experimental basis. The new AI search fea... Read More

Drama at the airport as two CSs hold separate briefings to address passenger harassment

Nairobi, Nov. 8 -- Kenya is importing new machines to scan travellers at its airports as it moves to ease the pain caused by the taxman while ransacking bags in a bid to net more taxes. This was reve... Read More

AstraZeneca gives KNH prostate cancer machine

Nairobi, Nov. 7 -- Pharmaceutical and biotechnology company AstraZeneca has donated a prostate cancer biopsy machine to the Kenyatta National Hospital as part of a larger initiative with seven centres... Read More