Month: August 2022

130 Articles
A gate pictured at the Kakuzi farm
BUSINESS

Kakuzi Half-year Profits Soar 60% To Ksh495 Million

Listed agribusiness firm Kakuzi PLC has posted 60 per cent increase in pretax profit in its half-year results to Ksh494.7 million. The profits...

SportPesa CEO Ronald Karauri at a past event. He is the newly-elected MP for Kasarani Constituency. [Photo/ NW]
FEATURED ARTICLE

SportPesa Licensed to Operate by the BCLB

SportPesa has received a license to operate for the current financial year from the Bettíng Control and Licensing Board (BCLB), the company has...

SportPesa CEO Ronald Karauri was this week declared MP-elect for Narobi's Kasarani constituency. He ran for the seat as an independent candidate after failing to clinch the Jubilee Party ticket. [Photo/ Radio Africa]
FEATURED ARTICLE

Karauri Addresses Alleged Kenyatta Family SportPesa Grab

SportPesa CEO and newly-elected Kasarani MP Ronald Karauri has addressed claims that the family of outgoing President Uhuru Kenyatta orchestrated a take-over of...

NMG attributed the decline in profitability to factors including a 'drastic' rise in the global prices of newsprint paper. [Photo/ Nairobi News]
BUSINESSMARKETS

NMG Half-Year Profit Slides to Ksh247 Million

Nation Media Group (NMG) on Thursday, August 18 published its financial results for the six months ended June 30, 2022. The group saw...

SBL Si Plus
FEATURED ARTICLE

Businessman Slashes Fertiliser Prices To Ksh254 To Celebrate Peaceful Elections

At last, the election season, which saw Kenyans struggle to open shops, do business and maintain incomes, is now firmly behind us and...

TransCentury
BUSINESS

TransCentury Subsidiary To Build Ksh30B Housing Units In DRC

AEA Ltd (AEA), a subsidiary of TransCentury PLC, has signed a memorandum of understanding (MOU) with Symbion Architect to construct housing units for...

Joanne Mwangi-Yelbert
FEATURED ARTICLE

Joanne Mwangi-Yelbert Appointed New KTB Chairperson

President Uhuru Kenyatta appointed Ms Joanne Mwangi-Yelbert as Chairperson of the Kenya Tourism Board (KTB)for a three-year term via gazette notice dated July...

WorldRemit in Kenya
FEATURED ARTICLE

Kenyan Families To Pay 1.75 Times Of Their Household Monthly Income On School Supplies – Survey

Global payments company WorldRemit announced the results of its 2022 Cost of School study observing how the changing economic environment has affected the...

Newly-elected Nairobi Governor Johnson Sakaja (R) with NMS Director-General Lt. Mohammed Badi at a past event. [Photo/ Twitter]
BUSINESSECONOMY

End of the NMS Era as Sakaja Takes Over City Hall

Curtains are set to fall on the Nairobi Metropolitan Services (NMS) as newly-elected Governor Johnson Sakaja takes over at City Hall. The Public...

China National Building Material Group Co., Ltd. (CNBM) ranked 196th on the 022 Fortune Global 500 list.
FEATURED ARTICLE

CNBM Ranked 196th on Fortune Global 500 List 2022

The 2022 Fortune Global 500 list was released on August 3. China National Building Material Group Co., Ltd. (CNBM) ranked 196th, making the...