News Archives - Page 24 of 25

KCB Group’s Stunning 86% Profit Surge Reflects Resilience Amid Economic...

KCB Group Plc, East Africa’s largest commercial bank, has reported an impressive 86% increase in profit after tax, reaching KShs....

BY waceke
August 21, 2024
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News

Central Bank’s Banknotes Procurement Crisis: How Kenya Averted a Looming...

In a revealing report submitted to Parliament on August 21, 2024, the Central Bank of Kenya (CBK) disclosed the severity...

BY waceke
August 21, 2024
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News

Treasury CS John Mbadi Pushes KRA to Embrace Technology for...

In a bid to boost Kenya’s revenue collection, Cabinet Secretary for the National Treasury and Economic Planning, Hon. John Mbadi,...

BY waceke
August 20, 2024
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Finance & Investment News

Equity Market Sees Mixed Performance as Large-Cap Stocks Lead Gains

Kenya’s equity market experienced a mixed performance this past week, with large-cap stocks driving the gains, while some others lagged...

BY waceke
August 19, 2024
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Industry News News

Kenya Airways Reports First Profit Since 2013, Signaling a Major...

Kenya Airways PLC has achieved a significant milestone in its journey toward profitability, reporting its first profit after tax since...

BY waceke
August 19, 2024
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Economy News

Kenyan Shilling Holds Steady as Forex Reserves Remain Robust

The Kenyan Shilling remained stable against major international currencies in the week ending August 18, 2024, trading at KSh 129.20...

BY waceke
August 17, 2024
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Economy News

Treasury Bonds Oversubscribed by 252% as Investors Seek Safe Havens

Kenya’s Treasury bonds have attracted overwhelming interest from investors, with the latest auction recording a 252.6% subscription rate. The re-opened...

BY waceke
August 17, 2024
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Economy News

Kenya’s Remittance Inflows Surge by 9.6% – A Lifeline for...

Kenya’s remittance inflows hit a new high in July 2024, reaching USD 414.3 million, a 9.6% increase from the USD...

BY waceke
August 17, 2024
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News

Kenya Airports Brace for Potential Strike as Workers Issue Notice

The Kenya Airports Authority (KAA) has announced that it has received a seven-day strike notice from the Kenya Aviation Workers...

BY waceke
August 16, 2024
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News

Chinese Firm’s Billion-Shilling Tax Evasion Scheme Exposed in Kenya

In a significant development, investigations have uncovered how China Communications Construction Company Ltd, a prominent Chinese firm, fraudulently evaded taxes...