Finance

The banking industry in Kenya is poised to withstand market shocks induced by the Coronavirus disease (COVID-19) pandemic even as the economy grapples with a market environment…

Sanlam Kenya has posted a Sh99.1 million after-tax loss down from a Sh639.6 million after-tax profit posted within the same period last year. The firm realized a Sh136 million pre-tax…

Family Bank has posted a 63.6 percent increase in its gross profit in the first six months of the year to Sh852.1 million, up from Sh520.9 million registered in a similar period of 2019. …

Manufacturers in Kenya have raised concerns about shrinking market share due to, among others, unpredictable tax measures making industry uncompetitive, and derogated EAC Common External…

Equity Group Holdings PLC has announced the completion of its acquisition of 66.53 percent stake in the Banque Commerciale Du Congo (BCDC) at a cost of USD 95 Million. The bank now has…

Builders, a construction and building materials retailer, has set  aside KES 500m to open a commercial hub in Karen, bringing in competition in the expanding construction sector.

DHL Global Forwarding has launched myDHLi, the only fully integrated online platform for freight forwarding customers.

Africa-focused Venture Capital firm, TLCom, today announced it has secured an additional $31M for its TIDE Africa Fund, bringing its Sub Saharan Africa (SSA)-focused fund to $71mn.

With the huge gains made by mobile money, summing up to over Ksh35trillion in transactions in 2017 alone, exorbitant taxation could push the public away from using the platforms

Mobile money service transactions, currently valued at about Kshs 2.1 trillion, is driving the fintech sub-sector in Kenya, promoting financial inclusion