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MARKETS

East African Portland issues a profit warning

East African Portland Cement Company has issued a profit warning for the year ending June 30th 2016. This follows a Ksh528 million net loss...

KenGen half-year profit growth powered by higher sales

KenGen's net profit in the six months to December 31st, 2015 rose to Ksh5.67 billion on increased earnings from sale of power and other...

Eugene Wamalwa richer than Bob Collymore

What do Eugene Wamalwa (pictured, left) and Bob Collymore have in common? They both are very rich - and both have declared their wealth...

Wealth Index: Two Kenyans Richer than President Uhuru

A survey released in August by a London-based firm New World Wealth analyses President Uhuru Kenyatta wealth and show that he is, after all,...

Fathers Day Special: 9 money lessons to teach your kids

The other day your three year-old son must have said to you, "Just go to the bank and they'll give you money," after you...

How to refuse lending money to relatives and friends

This is Africa, so we help our brothers, sisters and friends financially. Well, until it ruins us when they fail to pay. So how...

Secrets of becoming a millionaire

Billionaires have a high-risk appetite and are more likely to invest in offshore markets compared to millionaires, who are comfortable with holding onto their...
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