Higher sales drive Isuzu market share up to 45pc

Nairobi, Feb. 1 -- Isuzu East Africa raised its market share to a new record of 44.7 percent in the year ended December 2022 after growing sales amid an overall slump in the new vehicle industry. Dat... Read More

EABL profit flat at Sh8.7bn as costs rise

Nairobi, Jan. 26 -- East African Breweries Plc (EABL) reported flat growth in net income in the half year ended December as higher costs and increased taxation offset sales growth. The company posted... Read More

Why Centum terminated Sidian Bank sale

Nairobi, Jan. 16 -- Centum Investment Company Plc asked to be paid Sh4.3 billion at once for its 83.4 percent stake in Sidian Bank, a demand that was not met by Nigeria's Access Bank and led to the co... Read More

Intrigues behind the Fidelity Bank buyout revealed

Nairobi, Jan. 4 -- In the second quarter of 2016, Fidelity Commercial Bank was experiencing a worsening liquidity crisis. The recent collapse of three institutions -Dubai Bank, Imperial Bank and Chas... Read More

I&M Bank founders buy Nairobi Business Park after CAK approval

Nairobi, Jan. 4 -- The founders of I&M Group have bought Nairobi Business Park, marking their latest major investment in the country. Through their investment vehicle MTZ Holdings, the Shah family ac... Read More