NBK Delivers 167% Growth in Net Profit For 2020

The bank’s corporate and retail franchises remained resilient in the subdued economy with reduced activity across sectors. During the period, NBK rolled out...

BT Reporter1 Mins read

POLITICS

Tanzania’s Bulldozer President John Magufuli Is Dead

If he has died of Covid-19 related complication, it will be an irony of sorts as President Magufuli was among few national leaders...

BT Reporter2 Mins read

Safaricom has been named Kenya's top taxpayer in the Large Taxpayer Category for the 13th year in a row.

BUSINESS ECONOMY MARKETS

Safaricom Crowned Kenya’s Top Taxpayer After Forking Out Ksh98B in 2020

In FY20, Safaricom paid Kes98 billion in duties and taxes, in addition to Kes20 billion in dividends to the Government of Kenya. Over the...

MARTIN SIELE1 Mins read

BUSINESS

Women Owned SMEs to Reap Big From Equity’s Newly Signed SME Guarantee

Women-owned and led SMEs and the youth can access the funds through the Equitel menu, Equity branches, Eazzy Banking app, and through the...

JUDITH NDUNDE2 Mins read

Times Tower, the KRA headquarters in Nairobi.

ECONOMY

KRA Warns Kenyans on Fraudulently Registered Vehicles

He noted that some of these vehicles may have been sold to innocent Kenyans who are not part of the scheme. Being in...

JUDITH NDUNDE2 Mins read

A man walks by an M-Pesa agent outlet in Nairobi. Calls are growing for M-Pesa agents to be recognized as Safaricom employees.

BUSINESS

Inspired by Uber Drivers, M-Pesa Agents Want Perks & Recognition as Safaricom Employees

Forced to review its relationship with over 70,000 drivers in the UK, Uber announced on Tuesday March 16 that its drivers in the...

MARTIN SIELE3 Mins read

A shot of Hemingways hotel in Nairobi. Data indicates that it will take up to three years for the industry to recover from the shocks of the pandemic.

BUSINESS ECONOMY MARKETS

Why Hotels Are Doomed for the Next 3 Years

The Corona Virus outbreak particularly imposed major losses in the hotel industry following stringent measures such as lockdown rules and travel bans. This...