Nairobi, March 18 -- Absa Bank Kenya Plc has raised its total dividend to Sh1.55 from Sh1.35 after posting a 12.2 percent growth in its net profit for the year ended December 2023 to Sh16.4 billion. ... Read More
Nairobi, March 16 -- The government has invited bids for its 43.77 percent stake in wines and spirits firm Kwal Holdings East Africa Limited (KHEAL), which it valued at Sh4.1 billion in the year ended... Read More
Nairobi, March 15 -- The National Assembly has differed with the Commission on Revenue Allocation (CRA) on the share of revenue to be disbursed to the 47 counties in the 2024/25 financial year. While... Read More
Nairobi, March 14 -- Farmers are expected to part with a new 0.25 percent levy on gross value of their harvests traded on the planned agricultural produce exchange. The Kenya National Multi Commoditi... Read More
Nairobi, March 13 -- The government has kicked off the sale of its stake in five hotels, including the Kenya Safari Lodges, Mt Elgon Lodge Limited, Golf Hotel Limited, Sunset Hotel, and Kabarnet Hotel... Read More
Nairobi, March 13 -- The Capital Markets Authority (CMA) has moved to bar speculators from margin trading in new draft regulations that seek to unlock leveraged trading. Margin trading is investing i... Read More
Nairobi, March 12 -- The State-backed credit guarantee scheme, which seeks to enhance loan access to credit by micro, small and medium enterprises has registered sluggish growth to disburse a cumulati... Read More
Nairobi, March 12 -- Local firms have resorted to borrowing to acquire key business supplies to remain open in a high inflationary environment. Borrowing for input purchases over the past year has su... Read More
Nairobi, March 11 -- Public agencies have been handed a boost after the Treasury activated a new law allowing them to engage more than one vendor for the same item sought. The new regulations by Trea... Read More
Nairobi, March 10 -- Dominance of cash, especially for small value transaction, continues to stand in the way of Safaricom Ethiopia's payments business using its M-Pesa platform, says the telco. "Ban... Read More