business
Britam freezes dividend for third year as profit rises to Sh1.69bn
Britam Holdings has posted a Sh1.69 billion net profit for 2022 on reduced costs, marking a...
How TotalEnergies dodged a bullet in Kenyan oil search
French oil company TotalEnergies dodged a bullet in its quest to find commercially viable oil...
Equity, KCB pile pressure on Safaricom in profitability race
Equity Group has narrowed the profit gap with Safaricom to the smallest in eight years.
Kofia za vito: Lamu’s Sh45,000 hat for the civilised
The art of making jewelled hats, commonly known as kofia za vito, dates back over 200 years ago...
Rising water levels in dams raise hopes of end to dry taps in Nairobi
Residents of Nairobi county are set to experience more regular water supplies due to rising...
Storm in NSSF tea cup as tender to restart
The Public Procurement Administrative Review Board (PPARB) has ordered NSSF to restart afresh...
Equity net profit rises 15pc to record Sh46bn
Equity Group's net profit growth has deepened its position as the most profitable lender in the...
KQ marks a decade in losses, eyes profit next year
Kenya Airways (KQ) has reported its tenth consecutive loss after it completed a decade in the...
New law forces gamblers to save with every bet placed
The government will slash a chunk of the billions staked every year from punters and channel...
Elon Musk Values Twitter at $20 Billion USD
Over the weekend, Elon Musk identified to his Twitter employee in a company email that the value of the social media platform has dropped significantly since he acquired it for $44 billion USD. The email was viewed by the New York Times, which reported that employees were sent a "new stock compensation program." In the same email, Musk warned employees that Twitter is currently still in a "precarious financial position" and even justified the "radical changes" made at the company, which included the cost-cutting and mass layoffs were all necessary to avoid going bankrupt and to streamline operations. He wrote that despite all this, "Twitter is being reshaped rapidly." However, since Musk took over, Twitter's value has rapidly declined to less than 50% of what it was worth when he acquired ...
KFS eyes Sh3.5 billion from trees as harvesting resumes
The Kenya Forest Service (KFS) targets to earn Sh3.5 billion this year when commercial...
Mail services firm raises charges 33pc
MPost —a service that turns mobile phones into formal postal addresses— has increased annual...
