Tide changes as businesses in region make a beeline for Kenyan market

Nairobi, July 21 -- East African Community (EAC) businesses are increasingly expanding into Kenya's key sectors, including service, manufacturing, agriculture oil and gas, bucking a trend where Kenyan... Read More

Tanzania's Amsons makes $180m Kenya's Bamburi buyout offer

Nairobi, July 10 -- Tanzania-based conglomerate with diverse interests in energy, construction, food and transport has made a $180 millionbid to acquire the entire stake of Bamburi Cement in what will... Read More

Pan-African insurer Atidi net profit triples to a record $69m on new business

Nairobi, June 27 -- African Trade and Investment Development Insurance (Atidi) net profit for the financial year ended December 2023 tripled to a record $69.1 million on increased uptake of the insure... Read More

Safaricom maintains dividend as Ethiopia unit drags profit

Nairobi, May 9 -- Safaricom has maintained a Ksh1.20 per share dividend amounting to Ksh48.08 billion despite net profit for the financial year ended March 2024 falling 18.7 percent to Ksh42.66 billio... Read More

TPS in record profit, no dividend payout

Nairobi, April 27 -- TPS Eastern Africa, the operator of Serena Hotels, has posted a Sh870.87 million net profit for the financial year ended December 2023, marking a 2.3 times jump from the previous ... Read More