business
Trader sues courier, Gulf Bank for lost title deeds
A businessman has sued Gulf African Bank and a courier service demanding more than Sh50 million.
UK StanChart invests Sh413m in Kenyan e-commerce units
British lender Standard Chartered Plc has pumped in capital worth Sh413 million in two Kenyan...
Sh41bn varsity funding request rejected
The government has turned down Sh41.6 billion in funding requests from Public universities and...
Four Kenyan nurses lose US licences in FBI probe
Four Kenyans are among 10 individuals whose licences have been revoked by the Washington...
Warner Bros. Discovery Reports $2.1 Billion USD Loss in Q4 2022
Warner Bros. Discovery is still working out the aftermath of the merger. In Q4 of 2022, the company reported a net loss of $2.1 billion USD due to a decline in revenues from ad sales. The company has incurred sunk costs of nearly $1.2 billion USD for its restructuring expenses, as well as writing down $1.85 billion USD in assets. Due to declining ad sales of 14%, revenue fell 9% even after the company worked towards increasing HBO Max and Discovery+ streamers. CEO David Zaslav said in a statement, "We're seeing strong momentum across the enterprise." He adds that they they "have repositioned our businesses to take full advantage of the many opportunities ahead."Warner Bros. Discovery appears to face greater declines in its main TV network businesses, including a 6% revenue fall to about $5...
Airtel follows Jamii, Safaricom in e-SIM roll out
Airtel is promising “endless possibilities” with the technology that allows as many as five...
Jubille in Sh40m drive to promote education access
Jubilee Insurance has allocated Sh40 million to support 168 students to access high school...
KRA chief Githii Mburu quits, board names Rispah Simiyu in acting role
Githii Mburu has occupied the KRA top seat since July 2019.
Equity CEO to head Nairobi Commonwealth-backed trade body
Equity Group CEO James Mwangi has been picked to head The Commonwealth Enterprise and...
Why organisations need investors to get passionate about their vision
Last week, Safaricom PLC hosted its inaugural hybrid investors day under the theme, “driving...
Exams and education purpose
Exams excite Kenyans. And recent release of the Kenya Certificate of Secondary Education (KCSE)...
Consumers, debt pain as shilling breaks Sh126-mark on dollar
The shilling hit a new all-time low against the greenback after breaking below the...
