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Carbacid holds dividend as net profit hits Sh1.1bn

Nairobi, Nov. 4 -- Carbacid Investments has maintained a Sh2 dividend per share after posting a 12.2 percent growth in net profit to Sh1.13 billion in the year ended July 2026, helped by gains from it... Read More


Chinese carmakers ride on sales to double Kenya market share

Nairobi, Nov. 4 -- Chinese manufacturers more than doubled their share of Kenya's new vehicle market in nine months to September 2026, riding on a jump in sales of trucks on increased government payme... Read More


Distressed developer to sell Sh20bn prime Kenya assets

Nairobi, Nov. 4 -- Debt-distressed Mauritius-based property developer Grit Real Estate Income Group is set to sell all its investments, including Sh20 billion in assets in Kenya, among them the Buffal... Read More


Court orders Khalif Kairo to refund Sh3.4 million for undelivered car

Nairobi, Nov. 3 -- The High Court has ordered a Nairobi-based car dealer and his company to refund Sh3.4 million to a buyer after failing to deliver an Audi Q7 vehicle, turning an arbitral award into ... Read More


IFC to borrow Sh13bn for new Kenya investments

Nairobi, Nov. 3 -- The International Finance Corporation (IFC) is set to borrow up to Sh12.99 billion in the short term to fund new investments in Kenya. The global financier sometimes funds its inve... Read More


Staff battling cancer wins retirement benefits fight after Sh2.5m fraud row

Nairobi, Nov. 3 -- A banker who spent more than three decades building his career found himself fighting to protect his livelihood and retirement after an ATM fraud investigation unfolded against the ... Read More


Health workers go 19 months without pay

Nairobi, Nov. 3 -- Dozens of health workers hired under a Global Fund programme have gone unpaid for 19 months, forcing some to abandon medical treatment, pull children out of school, or rely on spous... Read More


Crypto payments in Kenya surge to a record Sh740bn

Nairobi, Nov. 3 -- Kenyans wired a record Sh740 billion ($5.7 billion) worth of cryptocurrencies in the year to June, highlighting the growing use of digital currencies for everyday finance such as cr... Read More


Kenya revives Turkana oil pipeline for Dangote refinery

Nairobi, Nov. 3 -- Kenya now plans to link its Turkana oil fields to Dangote's East African refinery in Lamu via a new pipeline, making the country's crude a key raw material for the Nigerian billiona... Read More


CMA seeks to reduce Reits entry price to Sh100,000

Nairobi, Nov. 3 -- The Capital Markets Authority is proposing to reduce the minimum subscription to a real estate investments trust (Reit) from Sh5 million per investor to Sh100,000 in a bid to spur i... Read More