Umeme dividend up 18pc as earnings increase

Nairobi, March 28 -- Uganda's largest energy distributor Umeme Limited has raised its dividend for the year ended December by 18.6 percent to Sh2.23 per share at current exchange rates after growing i... Read More

Is blockchain the key to foolproofing deals?

Nairobi, March 28 -- The biggest headache in any property transaction is the assurance beyond any doubt that the title that an investor holds is genuine and holds true to the promise of ownership as p... Read More

Treasury official asks MPs to limit access to funds without Parliament nod

Nairobi, March 28 -- A top Treasury official who manages the Consolidated Fund has asked MPs to amend the Constitution to stop the abuse of the provision that allows the withdrawal and use of funds wi... Read More

MPs approve Sh5 billion to support power transmission

Nairobi, March 28 -- Parliament has approved Sh5 billion to support Kenya Power and other players in electricity transmission as the country faces a growing threat from ageing infrastructure. Kenya P... Read More

Banks insured deposits double to Sh710 billion

Nairobi, March 28 -- Insured bank deposits more than doubled to Sh710 billion in 12 months to June 2021 from Sh305 billion a year earlier after the Kenya Deposit Insurance Corporation (KDIC) raised th... Read More

How Kenya's carpet market has evolved

Nairobi, March 28 -- There was a time when carpet prices were ludicrous. Homeowners had to wait for months for a specific carpet to be imported and buy it at very high prices. Others had to shop abroa... Read More

Ten more digital lenders get the go ahead from regulator

Nairobi, March 28 -- The Central Bank of Kenya (CBK) has licensed 10 more digital lenders bringing the number to 32 in a fresh round of approvals. In January this year, a cumulative 22 digital credit... Read More

Co-operative Bank launches novel 15-year affordable mortgages plan

Nairobi, March 28 -- The Co-operative Bank has launched a 15-year mortgage loan as the lender eyes the State-backed affordable housing market. The home loan -which is being de-risked by the Kenya Mor... Read More

UAE topples China as top import source on costly fuel

Nairobi, March 28 -- The United Arabs Emirates has for the first time overtaken China to become the largest import source market for Kenya by value, reflecting the impact of the runaway cost of petrol... Read More

First State-State fuel import cargo arrives mid-April

Nairobi, March 28 -- Oryx Energies, Galana Oil and Gulf Energy will in the next two weeks deliver their first batch of fuel on a 180-day credit period under a government-backed deal with Saudi Arabia ... Read More