Category: Business
Bad News for Traders at Gikomba market
It is yet again another sad moment for traders at Gikomba market as they suffer heavy losses for properties of unknown value.
The popular marke [...]
National Bank Net Profits Increase to KShs. 1.1 Billion
National Bank of Kenya (NBK) posted KShs. 1.1 billion in profit after tax for the nine months ending September 2021, representing a 1126% increase fro [...]
Equity Group CEO Ranked Among 100 Global Meaningful Business Leaders
Equity Group Managing Director and CEO, Dr. James Mwangi is among 100 global leaders selected by Ernst & Young’s Meaningful Business 100 (MB 100) [...]
NBK, DP World Sign Deal to Offer Kenyan Traders e-commerce Services
National Bank of Kenya (NBK) has signed a trade partnership deal with leading global logistics provider DP World to offer e-commerce services to Kenya [...]
TAX MAN SUSTAINS UPWARD REVENUE TRAJECTORY IN QUARTER 2
Kenya Revenue Authority (KRA) collected Kshs.154.383 Billion in the month of October 2021 against a target of Kshs.142.285 Billion.
KRA recorded an i [...]
Pension Fund Trustees Urged to Adequately Communicate to Members
Pension Fund Trustees and administrators have been urged to show greater accountability to members by ensuring they have access to the right messages. [...]
LG POSTS HIGHEST QUARTERLY REVENUE IN ITS HISTORY
LG Electronics Inc. (LG) has announced third-quarter 2021 consolidated revenues of USD 16.23 billion (Ksh 1.752 trillion), an increase of 22 percent f [...]
Isuzu Pens Leasing deal with Super Metro for PSV Buses
Kenya’s leading commercial vehicle assembler Isuzu East Africa has announced a vehicle leasing deal valued at Ksh 300 million for the acquisition of 5 [...]
Central Bank Suspends Blacklisting of Loan Defaulters
Since the outbreak of the COVID-19 pandemic, many Kenyans have been forced to embrace harsh economic conditions.
This has led them into borrowing o [...]
LG Targets Laundry Market with Smart Shops
Consumer appliances manufacturer LG Electronics is moving to tap into the fast-growing on-demand laundry market in East Africa with a new concept targ [...]