BUSINESS - Page 5

SPONSORED

2 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…

BUSINESS·SPONSORED

2 months ago

Capwell adds locally grown rice to its range of products

Capwell Industries Ltd (CIL) will add “Komboka” Rice, a new long-grain aromatic rice variant to its range of consumer products. The rice variety will immediately be available in retail stores and wholesale centers across the country for consumers. CIL Komboka…

BUSINESS·SPONSORED

2 months ago

Absa, International Trade Centre to give women entrepreneurs access to financing

In the framework of the SheTrades Commonwealth+ Programme, which is funded by United Kingdom (UK) International Development, the International Trade Centre is collaborating with Absa Bank Kenya, the host institution of the SheTrades Kenya Hub, to launch the Access to…

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…

4 months ago

BUSINESS

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…

4 months ago

BUSINESS

Airtel expands agent network, inks deal with Naivas Supermarket

Airtel Money Kenya has signed a partnership with Naivas Supermarket that will allow Airtel Money customers to deposit and withdraw cash across Naivas branches countrywide. The deal is part of Airtel Money’s proactive strategy to expand its agent footprint and…

4 months ago

BUSINESS

Family Bank posts Sh3.2b profit before tax in third quarter of 2024

Family Bank Group’s profit before tax for the nine months of 2024 grew by 8 per cent to Sh3.26 billion, up from Sh 3.02 billion in the same period last year thanks to a significant increase in income across various…

4 months ago

BUSINESS

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…

4 months ago

BUSINESS

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…

4 months ago

BUSINESS

Johnnie Walker’s Blue Party Lights up Kisumu Yacht Club

Johnnie Walker Blue Label reaffirmed its leadership in the premium whisky market with an exclusive Blue Party held at the Kisumu Yacht Club Saturday, November 16. The invite-only event brought together more than 200 guests from the Western region’s business…

4 months ago

BUSINESS

PZ Cussons vying for Kenya’s billion shilling skincare market

PZ Cussons East Africa has launched a Sh100 million transformation program aimed at the growing luxury skincare industry. Speaking during the announcement of its latest Venus strategy for the skincare category, PZ Cussons’ Managing Director Sekar Ramamoorthy said the initiative…

4 months ago

BUSINESS

Equity Bank lowers its lending rate to promote economic growth

Equity Bank Kenya in a push to further financial inclusion and economic growth, has revised its interest rates from 17.83 per cent to 17.39 per cent thanks to the recent move by the Central Bank of Kenya (CBK) to cut the…

4 months ago

BUSINESS

COP29: Uganda Development Bank hosts ‘high-level meeting’ on climate finance

The Uganda Development Bank (UDB) has convened a high-level meeting with key stakeholders on the sidelines of the 29th Conference of the Parties (COP 29) to foster partnerships aimed at mitigating climate change in Africa and integrating climate considerations into…

4 months ago

BUSINESS

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BUSINESS - Page 5

Italian wine’s event returns to Nairobi

Capwell adds locally grown rice to its range of products

Absa, International Trade Centre to give women entrepreneurs access to financing

Asset firm secures CMA License for REIT Management in Kenya

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

Airtel expands agent network, inks deal with Naivas Supermarket

Family Bank posts Sh3.2b profit before tax in third quarter of 2024

KCB Group reports a Sh48.5 billion net profit

KPC Kisumu depot to increase its volume space

Johnnie Walker’s Blue Party Lights up Kisumu Yacht Club

PZ Cussons vying for Kenya’s billion shilling skincare market

Equity Bank lowers its lending rate to promote economic growth

COP29: Uganda Development Bank hosts ‘high-level meeting’ on climate finance

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