In order to increase its capital, Stanbic Holdings received a $30 million (Sh4.1 billion) subordinate loan from Standard Bank, the parent company based in South Africa....
A firm owned by the late billionaire Naushad Merali’s family has agreed to minimise its losses in the Nairobi Securities Exchange-listed company by selling its 35%...
Cherotich Rutto, like most small-scale farmers in Kenya, toiled for nearly a decade to produce fresh food only to receive meagre returns. If she was lucky,...
Mobility company Bolt today opened a driver engagement centre in Nairobi that will address motorists’ concerns. The facility, which is located in Westlands, will be accessed...
CEO Moezz Mir of SBM Bank Kenya is one of the top African bankers contesting for the prestigious African Banker of the Year award, which is...
Procuring firms are required to adhere to the laws and regulations that govern the procurement process by the Public Procurement Regulatory Authority (PPRA). The regulator said...
In order to increase transparency and accountability in the use of public resources, the National Treasury has closed four transaction accounts and moved funds for government...
The International Finance Corporation (IFC) will acquire less than a 10% stake in Safaricom Ethiopia as part of a $257 million (Sh35.3 billion) cash injection split...
The National Treasury and Kenya Revenue Authority (KRA) have been at odds over tax enforcement and procedures for the past five years, and the dispute has...
A little more than a year ago, Safaricom’s entry into Ethiopia seemed risky given the country’s two-year civil war, funding limitations, and hazy prospects for obtaining...