Nairobi, March 8 -- UK development finance institution British International Investment (BII) will receive Sh6.5 billion from the sale of its 10.13 percent stake in I&M Group to East Africa Growth Hol... Read More
Nairobi, March 7 -- Bamburi Cement has completed the sale of its 70 percent stake in its Ugandan subsidiary Hima Cement for an estimated $84 million (Ksh12 billion) giving it a cash flow boost. The N... Read More
Nairobi, March 7 -- Bamburi Cement has completed the sale of its 70 percent stake in its Ugandan subsidiary Hima Cement for an estimated $84 million (Sh12 billion) giving it a cash flow boost. The Na... Read More
Nairobi, March 7 -- Banks are increasing spending on technology to enhance customer service and fight fraud, pointing to the impact of a growing sophistication in the country's financial sector. Keny... Read More
Nairobi, March 7 -- Stanbic Bank Kenya earned close to Sh1 billion revenue from the transaction in which British multinational Diageo acquired an additional 14.97 percent stake in East African Breweri... Read More
Nairobi, March 5 -- Stanbic Holdings has raised its dividend payout by 21.8 percent to Sh6.07 billion after the net profit for the year ended December 2023 grew by a third to hit the highest level in ... Read More
Nairobi, March 5 -- Polygamous men will start getting medical cover for all their wives and declared children at no extra cost in a departure from the National Health Insurance Fund (NHIF) rules that ... Read More
Nairobi, March 4 -- An American multinational investment management firm is selling millions of shares held in Safaricom in protest over delays in dividend repatriation amid the fall of the telco's va... Read More
Nairobi, March 4 -- Mauritius-based insurer MUA Limited has disclosed that its subsidiary in Kenya may have reported misleading books of accounts for at least seven years, raising fears that the unit ... Read More
Nairobi, Feb. 29 -- The value of outstanding policyholders' claims has risen for the fourth consecutive quarter to hit Sh39.61 billion at the end of December 2023, showing that insurers are dragging t... Read More