Home prices see biggest fall in 4 years as mortgage rates rise

Nairobi, Feb. 1 -- House prices dropped by the biggest margin in the quarter to December in over four years amid an oversupply of homes and costly bank loans. Data by realtor HassConsult show the pri... Read More

Absa customers access Timiza funds at ATMs

Nairobi, Jan. 31 -- Absa Bank Kenya has added an automated teller machine (ATM) withdrawal option on its mobile wallet Timiza platform, to allow customers to access funds from any of the lender's cash... Read More

Kenya's 2022 top selling cars

Nairobi, Jan. 31 -- Volkswagen Tiguan Allspace Trendline, Land cruiser Prado and Toyota Rush were the most bought brand new personal vehicles by Kenyans last year. A Business Daily analysis shows tha... Read More

Why South African company disposed of its Nairobi hotels

Nairobi, Jan. 30 -- South Africa's City Lodge Hotel Group said it decided to sell three hotels in Nairobi and another property in Dar es Salaam after failing to gain traction in the markets, adding th... Read More

Manufacturers cry foul on insurance premiums spike

Nairobi, Jan. 30 -- Manufacturers have cried foul over a spike in insurance premiums, warning that some firms will forego coverage due to the hard economic times they're facing. Increased insurance p... Read More

Eveready issues profit warning

Nairobi, Jan. 26 -- Listed batteries distributor Eveready East Africa has issued a profit warning for the year ended September 2022, attributing it to a reversal of tax benefits of Sh38 million in the... Read More

TransCentury plans sale of Sh1bn properties in Kenya and Uganda

Nairobi, Jan. 26 -- Investment firm TransCentury plans to dispose of properties worth Sh1.1 billion in Mombasa and Uganda as part of its efforts to improve its cash flow position from the sale of non-... Read More

TransCentury extends Sh2 billion cash call to February 3

Nairobi, Jan. 24 -- TransCentury Plc has extended the sale of its rights issue, aiming to raise Sh2 billion in new capital that was to close on Monday to February 3, indicating that the take-up may ha... Read More

BasiGo partners with AVA to assemble 1,000 electric buses

Nairobi, Jan. 24 -- Kenyan electric mobility startup BasiGo has partnered with the Associated Vehicle Assemblers Ltd (AVA) to assemble its buses in Mombasa as demand for electric vehicles is forecaste... Read More

TransCentury renegotiates Sh5bn loans after default

Nairobi, Jan. 24 -- Investment firm TransCentury engaged its main shareholder Kuramo Capital and other lenders including Equity Bank to restructure loans worth Sh5.2 billion after defaulting on the in... Read More