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BUSINESS

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

Kenyan Investors Protest New Maintenance Fee

According to the corporation, the fee is necessary to keep CDSC financially stable and to enable it to offer better and expanded services. Worryingly, only 61,000 of the 2.03 million share accounts at the CDSC have participated in trading over the past two years.

James Mwangi’s Crypto Endorsement Stirs Debate

“Africa will benefit substantially from leapfrogging on the fourth industrial technologies, and cryptocurrency is one of them,” he stated.

Creation Of Ethiopian Securities Exchange Now A Step Closer

Ethiopia’s Ministry of Finance, the Ethiopian Investment Holdings and FSD Africa have signed a cooperation agreement to establish the Ethiopian Securities Exchange (ESX). Once established, the...

Alcohol Dealers: Getting High On Taxes Will Leave Us Staggering

Speaking at a press conference in Nairobi, the distributors also told MPs “it should not be business as usual” as they consider the Finance Bill in their last days before the House adjourns indefinitely ahead of the General Election.

Standard Chartered’s Q1 Profits Up 16% To Ksh2.8 Billion

Standard Chartered Bank Kenya Limited's profit before tax grew 16 percent year-on-year from Ksh3.4 billion to Ksh3.9 billion with strong underlying business momentum. Profit after...

How Royal Mabati Scammed Customers Countrywide

The Competition Tribunal found the firm guilty of publishing misleading advertisements, forcing buyers to change product specifications after receiving payments, and lengthy delays in completing refunds for customers with cancelled orders.

Opportunity: Showmax is Looking for Two New Originals in Kenya

Just a month after announcing a slate of four new Originals in Kenya in 2022, Showmax is now seeking concepts for two new original titles.

Kakuzi Shareholders Earn Ksh431 Million On Diversification

Listed agribusiness firm Kakuzi Plc shareholders have begun to enjoy the company’s diversification fruits even as plans to broaden revenue streams continue to be...

Inside Kisumu’s Economic Boom Fueled by Africities Summit

The summit brings together local government leaders from around the continent and the world at large alongside other professionals and dignitaries. Top-rated hotels in the city are reporting all-time high bookings.

BCG Steps Up Response To Sustainability Challenges

Boston Consulting Group (BCG) on 11th May 2022 released “A Time to Lead: 2021 Annual Sustainability Report.” BCG’s aim is to unlock the potential...