BUSINESS
Borrowers Tie Lenders in Web of Litigation as Defaults Rise
In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20 million) debt owed by TransCentury Plc and another Ksh1.948 billion owed by its subsidiary.
BUSINESS
Borrowers Tie Lenders in Web of Litigation as Defaults Rise
In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20 million) debt owed by TransCentury Plc and another Ksh1.948 billion owed by its subsidiary.
BUSINESS
A Look at New Generation Ford Vehicle Models Trending in Kenya
The new partnership between Ford and Caetano offers the brand an opportunity to gain market share in Kenya by leveraging on Caetano’s extensive network and experience.
BUSINESS
NBK First Bank to Post Loss in a Profit Rich Industry
NBK Profit decline resulted mainly from one-off costs associated with legal matters, staff voluntary early retirement program
Latest
BUSINESS
Borrowers Tie Lenders in Web of Litigation as Defaults Rise
In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20 million) debt owed by TransCentury Plc and another Ksh1.948 billion owed by its subsidiary.
NEWS
SasaPay To “Pay SMEs To Get Paid” Via New Cash-Back Model
SasaPay has introduced a new cash-back model designed to...
SPORT
Gor Mahia Fan Who Correctly Predicted 15 Out of 17 Games Wins Millions
The 30-year-old, also an avid follower of English Premier League giants Manchester United, came close to the grand prize of Ksh334,783,843 SportPesa Jackpot.
NEWS
In Race for African Leadership Award, Ruto Faces Tough Opposition
Among the contenders of the prestigious African of the Year award is Kenya’s President William Ruto, who will be battling it out with President Hakainde Hichilema of Zambia and Prof. Benedict Okey Oramah, President of Afrexim Bank.
FEATURED ARTICLE
Meet Uhuru’s Son-in-Law Running Multi-Million VC Firm
He currently works as an investment director at Hesabu Capital, a Nairobi-based Venture Capital (VC) firm that has invested in startups including agritech platform Apollo Agriculture and social entrepreneurship startup Jibu - which enables individuals to set up water distribution franchises in African countries including Kenya.
LIFE
9 Deep-Pocketed Politicians With The Most Helicopters In Kenya
Some politicians own multiple helicopters. In this article, Business Today takes a look at the politicians with the most helicopters in Kenya.
FEATURED ARTICLE
Ruto’s CAS Appointments Thrown Out
Ruto had nominated 51 CASs, sparking widespread discontent and concerns over a bloated executive and a ballooning public wage bill, even as the appointments primarily rewarded the President's political allies and supporters in last year's polls.
PERSON OF INTEREST
Inside Mike Sonko’s Luxury Hotel in Kilifi
The hotel features stylish Swahili architecture as well as luxurious rooms, modern fittings and a wide range of amenities. It also includes a swimming pool, conference facilities, restaurant, bar and lounge.
Most Popular
Borrowers Tie Lenders in Web of Litigation as Defaults Rise
In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20 million) debt owed by TransCentury Plc and another Ksh1.948 billion owed by its subsidiary.
SasaPay To “Pay SMEs To Get Paid” Via New Cash-Back Model
SasaPay has introduced a new cash-back model designed to empower business owners to reduce costs and bolster profitability by receiving compensation for collecting payments...
Gor Mahia Fan Who Correctly Predicted 15 Out of 17 Games Wins Millions
The 30-year-old, also an avid follower of English Premier League giants Manchester United, came close to the grand prize of Ksh334,783,843 SportPesa Jackpot.
In Race for African Leadership Award, Ruto Faces Tough Opposition
Among the contenders of the prestigious African of the Year award is Kenya’s President William Ruto, who will be battling it out with President Hakainde Hichilema of Zambia and Prof. Benedict Okey Oramah, President of Afrexim Bank.
Transforming Financial Inclusion: The Impact of M-Pesa in Kenya and Beyond
Discover the profound impact of M-Pesa on financial inclusion in Kenya and beyond. Explore how this innovative mobile service revolutionizes transactions and shapes the future of finance globally.
All You Need To Know About Vaping
Vaping, the act of inhaling vapour produced by an electronic cigarette or similar device, has a relatively short history compared to traditional tobacco smoking.
The...
A Look at New Generation Ford Vehicle Models Trending in Kenya
The new partnership between Ford and Caetano offers the brand an opportunity to gain market share in Kenya by leveraging on Caetano’s extensive network and experience.
PrideInn Unveils New Identity
PrideInn Hotels, Resorts, and Camps has introduced a new brand identity to align with its revised strategic direction.
The Kenyan-grown hospitality company said that the...
Jubilee Health Insurance’s Monica Chege Crowned 2023 Marketer Of The Year
Monica Chege, the Head of Marketing at Jubilee Health Insurance has been awarded Marketer of the Year 2023 during the Marketing Society of Kenya...
Trending:
. Côte d'Ivoire''A' students'C' students‘Eye in the Wild’ photography competition‘humanoid’ robot‘Making More Health’ (MMH) Accelerator programme“Soaring Eagle” Transformation Agenda” Gachora said. The next phase of the merger is the integration of the businesses in Tanzania” said Awuondo. John Gachora
Power of Women
Inside Rachel Ruto’s Multi-Billion Business Empire
Not only does the First Lady own significant stakes in several companies alongside Ruto and other family members, she also has key roles in the day to day running of many of the ventures.
Celebrity Actor Lupita Nyong’o Joins Kenya’s Billionaire League
According to various sources, Lupita Nyong'o, the Mexican-Kenyan who never acts wealthy, has crossed into the million-dollar millionaire league.
New Spotify EQUAL Artist Qing Madi Talks Music and Dreams
Heavily influenced by her cultural background and the lyrical arrangements of Kendrick Lamar, the versatile Nigerian prodigy is shaping the future of music with her unique genre-bending fusion of Afrobeats, Pop, Soul and R&B.
Media Insights
Auctioneers Holding Standard Group at Ransom
So bad is the situation at Standard Group that any money that comes in falls into the hands of creditors.
Bad News for Standard Group Investors
Standard Group shares could sink deeper as the company struggles with a growing vortex of challenges.
Standard Pushes Out 40 Employees Through Early Retirement
In a memo issued on 5th October 2023, the media house said it was offering an attractive package for employees willing to take up voluntary early retirement (VER).
NMG Profit Warning: Going Gets Tougher For Kenya’s Biggest Newspaper Company
Issuing the NMG Profit warning on 26th October 2023, the board listed a number of reasons for the expected drop in earnings by at least 25%, including higher taxes and the free fall in the value of the Kenya shilling.
Economy & Business
Ruto Implements Uhuru Strategy to Tame Fuel Prices
KALU MENGO - 0
President Ruto has previously criticised the fuel subsidy perfected by Mr Uhuru to stabilize fuel prices as unsustainable.
How to Book SGR and Travel by Train in Kenya
It takes approximately four and a half hours to travel by SGR train from Mombasa to Nairobi, a trip that usually takes almost 10 hours by bus. This is How to Book SGR online.
Relief for Motorists as Tanzania Rolls Out Cheaper Fuel
BILL YAURA - 0
TAQA Dalbit has announced the commissioning of Tanzania’s first integrated Compressed Natural Gas (CNG) filling station and conversion centre branded Master Gas located at Pugu Road-Airport Area in Dar es Salaam.
NCBA Economic Forum Reveals Hurdles to 6% GDP Growth
BT Reporter - 0
NCBA Economic Forum noted that the Kenya’s economic growth path potentially faces several challenges including foreign exchange pressure occasioned by weak shilling and low official FX reserves, uncertain weather conditions and persistently high inflation.
Equity Bank CEO Vouches For Refugees Creating Wealth
BT Reporter - 0
Equity Group Managing Director and CEO, Dr James Mwangi, has called for increased social inclusion of refugees in Africa.
BUSINESS
Co-op Bank ICT Director Named CIO of the Year 2023
The CIO of The Year Award is a peer award where CIOs and judges nominate an individual who has excelled in managing the IT leadership function in an organization.
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BUSINESS
Borrowers Tie Lenders in Web of Litigation as Defaults Rise
In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20 million) debt owed by TransCentury Plc and another Ksh1.948 billion owed by its subsidiary.
NEWS
SasaPay To “Pay SMEs To Get Paid” Via New Cash-Back Model
SasaPay has introduced a new cash-back model designed to...
SPORT
Gor Mahia Fan Who Correctly Predicted 15 Out of 17 Games Wins Millions
The 30-year-old, also an avid follower of English Premier League giants Manchester United, came close to the grand prize of Ksh334,783,843 SportPesa Jackpot.
NEWS
In Race for African Leadership Award, Ruto Faces Tough Opposition
Among the contenders of the prestigious African of the Year award is Kenya’s President William Ruto, who will be battling it out with President Hakainde Hichilema of Zambia and Prof. Benedict Okey Oramah, President of Afrexim Bank.
SMART MONEY
Transforming Financial Inclusion: The Impact of M-Pesa in Kenya and Beyond
Discover the profound impact of M-Pesa on financial inclusion in Kenya and beyond. Explore how this innovative mobile service revolutionizes transactions and shapes the future of finance globally.