Centum RE CEO Kenneth Mbae. Centum RE's operating expenses grew to Ksh748.4 million in the year ended March 2023 up from from Ksh502.1 million the previous year. [Photo/ Centum RE]

Turnaround as Centum RE Posts Ksh174M Net Profit

Centum Real Estate, the property arm of Nairobi Securities Exchange (NSE)-listed Centum Investment Company, recorded Ksh174 million in profit after tax in the...

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Business tycoon Humphrey Kariuki owns The Hub Karen (pictured). [Photo/ The Hub Karen]

BUSINESS FEATURED ARTICLE PERSON OF INTEREST

5 Billionaires Behind Nairobi’s Biggest Malls

Commercial real estate has long been one of the most preferred investments for the wealthiest families in Kenya. Most of the biggest malls...

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Amazon founder Jeff Bezos (l) and President William Ruto. [Photo/ BT]

BUSINESS ECONOMY

How Jeff Bezos’ Amazon Forced Ruto’s Hand

Ecommerce and cloud services giant Amazon's strong stance against Kenya's requirement of 30% local ownership of foreign ICT licensees helped force the government's...

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Matatus in Nairobi. The retesting of PSV drivers was among measures announced by Transport Cabinet Secretary Kipchumba Murkomen to curb road accident deaths. [Photo/ UoN]

Relief for PSV Drivers as Retesting Rescheduled

A day before Public Service Vehicle (PSV) operators in Kenya are scheduled to go on strike, the government has announced the postponement of...

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David Lang'at (R) pictured sharing a moment with President William Ruto at a past function. [Photo/ RAG]

BUSINESS PERSON OF INTEREST

Billionaire David Langat’s Properties Set for Auction

A multi-billion shilling tea estate belonging to Rift Valley tycoon David Lang'at is set to go under the hammer. The 1,342 acre estate...

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Muthama is the owner of Rockland Kenya Limited, one of the country's larger mining companies.

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Johnson Muthama’s Multi-Billion Minerals Empire

Former Machakos Senator Johnson Muthama served as chair of the President William Ruto-led United Democratic Alliance (UDA) in the run-up to the 2022...

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Sam Gichuru pictured with former President Uhuru Kenyatta at a past event. [Photo/ Citizen]

BUSINESS FEATURED ARTICLE

Kenyan Tech Boss to Sue PayPal

Veteran tech entrepreneur Sam Gichuru is looking to lead Kenyans in suing global digital payments giant PayPal, over its holding of funds belonging...

BUSINESS TODAY2 Mins read