business
Rubis overtakes TotalEnergies as second largest oil marketer in Kenya
Rubis market share rose to 15.56 percent, while that of TotalEnergies slid to 15.06 percent.
Netflix Forecasts 11% Increase in Revenue to at Least $43 Billion USD
Netflix has exceeded expectations for Q3 2024 and its results have helped to forecast an uptick in revenue next year. Variety reported on the Q3 2024 results that beat analyst forecasts, which saw the streaming giant add 5.1 million paid subscribers to a global number of 282.72 million in the third quarter of 2024. The increase marks a 14% year-over-year growth. According to analyst consensus data provided by LSEG, Wall Street forecasted earnings per share of $5.12 USD on $9.77 billion USD in revenue for the July-September quarter. Netflix's revenue saw an increase of 15% from the same time last year and also reported a free cash flow of $2.2 billion USD. In a letter to its shareholders accompanying the earnings report released earlier this week, Netflix updated investors stating, "Our ads...
JPMorgan snubs Kenya billionaires in Africa plan
America’s biggest bank will focus its wealth management arm on rich clients in South Africa and...
Back to the golden oldies at Alfajiri Bar and Restaurant
What is it about the past that we like to cling to? Why do we call them the good old days when...
Senate votes on whether to uphold or reject DP Gachagua impeachment
DP Gachagua suffering intense chest pains, admitted to Karen Hospital, his counsel Paul Muite...
Senate upholds Deputy President Rigathi Gachagua impeachment
Deputy President Rigathi Gachagua has been impeached two years after taking the oath of office.
Kenya eyes Sh113bn mega IMF loan disbursement
The National Treasury expects to receive a further Sh33 billion before June next year at the...
It is prudent to have an idea which reflects your tolerance to risk
A positive alpha indicates that the investment has outperformed the market index, considering...
Savings in fixed deposit accounts cross Sh2 trillion
Time and savings deposits have grown faster than demand deposits, signalling the growing...
CBK summons bank bosses for not cutting lending rates
The CBK on October 8 lowered its benchmark interest rate by 75 basis points to 12 percent—the...
KCB to offer financial services to Dutch firms
Kenyan and Dutch start-ups operating in the country will be major beneficiaries of the...
Jumia bets on Kenya success to recover from lost markets
The e-commerce giant last made a profit in 2019 and has been making losses for the last four...
