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This section give a comprehensive coverage of business news in Kenya – ranging from companies, industry, economy, markets, agriculture and the NGO world.

Eric Omondi Caught Up In Shopping Voucher F***d

The vouchers were given as promotional material to comedian Omondi by Howlow Limited, a company owned by Chege. According to court documents, Mr Chege convinced the comedian that he was an agent of the supermarket and when Eric Omondi went to film an advert in a Naivas store, security intervened and stopped the filming.

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 have been...

NBK Q1 2021 Profit After Tax Grows 19%, Driven By Loans

NBK Managing Director Paul Russo said the quarter was marked by pockets of slow recovery from effects of the COVID-19 pandemic due to the gradual reopening of the economy after a period of subdued activity. “Having received a boost in Tier 2 Capital from the KCB Group PLC, we are now well positioned to continue growing the business and supporting our customers to weather effects of the pandemic. Further, the capital injection enhances our compliance with regulatory ratios,” added Mr Russo.

Uhuru Set to Launch Nairobi International Finance Centre – Here’s What...

It is meant to attract greater local and foreign investment to Kenya by offering various incentives to firms looking to set up shop in the country. It is a flagship program under the economic pillar of the Kenya Vision 2030.

 HF Group, Interswitch Launch International Money Transfer Service

The IMT service will enable HF’s diaspora customers to remit funds seamlessly into any HF account and also provides a simplified channel for them to make their loan or mortgage payments. Robert Kibaara, HF Group Chief Executive Officer, said the company has made significant investments in technology as it diversifies into full-service banking.

Shelter Afrique Launches Housing Affordability Calculator

Pan- African housing development financier Shelter Afrique, through its research and policy formulation arm, Centre of Excellence (CoE), has launched a ‘Housing Affordability Calculator’...

Smokie Tax: Farmers Choice Protest KRA Directive

Various stakeholders including farmers protested the move, maintaining that it amounts to double taxation. Someone delivering pigs to a Nairobi slaughterhouse from Kajiado, for instance, will be charged cess twice.

KBC’s Big Catch: Nick Ndeda Lands New Radio Gig

Ndeda left Radio Africa Group-owned Kíss FM in January 2021 after two years at the station. There, he hosted the evening drive show with Lynda Nyangweso.

Till ni Till: Safaricom, Airtel, Telkom to Sync for Payments

Under the new set-up, Airtel or Telkom subscribers will be able to use Lipa na M-Pesa till numbers to complete payments.

Kakuzi Taps PR Guru Gina Din To Boost Human Rights Team

Kakuzi Plc, the listed agri-business company, has announced the full constitution of its Independent Human Rights Advisory Committee (IHRAC) with the appointment of Mrs...