Today: May 03, 2025
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BUSINESS - Page 5

3 months ago

Italian wine’s event returns to Nairobi

The second edition of the Gambero Rosso Top Italian Wine Roadshow in Nairobi concluded on Thursday, January 30, at the Shamba Village in Loresho. Organized by International Wine Consultants, VinPodium, and local business partner, Victoria Mulu-Munywoki, Wine Consultant, Judge and…

Family Bank four decades on…

Family Bank has empowered communities, fostered economic growth and championed financial inclusion in Kenya for forty years, helped by pioneering mobile banking services and providing accessible loans to individuals, Micro, Small, and Medium-Sized Businesses (MSMES), and smallholder farmers. Established as…
5 months ago

Nairobi Expressway records Sh1.2bn loss

The Nairobi Expressway has posted a loss of Sh1.2 billion between July 2023 and June 30, 2024, despite an increase in traffic and higher toll fees. Latest data from the Treasury shows the expressway generated revenue valued at Sh4.6 billion…
5 months ago

Asset firm secures CMA License for REIT Management in Kenya

Future Construkt Investment Managers Ltd, subsidiary of a Mauritius-based asset management firm, Future Construkt Africa LLC, has been granted the Real Estate Investment Trust (REIT) Manager License by the Capital Markets Authority (CMA) of Kenya to mobilize institutional capital and…
5 months ago

Uber contributed Sh14.1b to Kenya’s economy – report

Ride-hailing app, Uber, contributed an estimated Sh 14.1 billion in revenue to Kenya’s economy in 2023. According to the company’s Kenya Economic Impact Report released on Tuesday, November 26, not only did the platform boost gig workers’ incomes by Sh2.2…
5 months ago

KCB Group reports a Sh48.5 billion net profit

KCB Group PLC has recorded Sh45.8 billion in profit after tax for the first nine months of the year on the back of sustained revenue growth. This was a 49 per cent growth from Sh30.7 billion posted a similar period…
5 months ago

KPC Kisumu depot to increase its volume space

Energy Cabinet Secretary (CS) Opiyo Wandayi has said preparations are underway to expand the Kisumu Kenya Pipeline Corporation (KPC) depot to handle higher volumes. This comes after the operationalisation of the Kisumu oil jetty which has increased the demand for…
5 months ago
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