Monthly Archives: April, 2023
Record Loss Pushes Standard Group To The Brink
The Standard, had its loss balloon to Ksh1 billion for the period ending December 2022, from just Ksh22 million in 2021. It's the biggest loss in its over 120-year history.
Investors’ Bet on Nairobi Satellite Towns Pays Off
Rental prices in satellite towns defied the trend in the city. While the overall rental market declined by 0.5 per cent on average over the last quarter, and by 1.2 per cent over the past year, apartments located in satellite towns posted average rental returns of 3.4 per cent over the quarter and nine per cent annually, respectively.
Ksh900M Kenyatta vs Ruto Battle Takes New Turn
President William Ruto is locked in a high-stakes political and financial battle with former President Uhuru Kenyatta and his family.
Inside Pastor Ezekiel’s Mega-City Project in Kilifi
His church sits on a 65-acre piece of land in Kilifi on which he is developing a city.
DIB Bank Named The Best Islamic Bank In Kenya
DIB Bank Kenya Limited, a subsidiary of Dubai Islamic Bank PJSC, has been named the Best Overall Islamic Bank in Kenya at the Islamic Finance News (IFN) Awards for the year 2022. The Award ceremony, held in Dubai - United...
HELB To Disburse Loans to M-PESA
Safaricom and the Higher Education Loans Board (HELB) have today announced a partnership launching the HELB Mobile Wallet and HELB M-Pesa Mini App. The HELB Mobile Wallet will empower students to receive the upkeep portion of their student loans direct...