business
Kendi’s lessons from 20 years of building firms
Carolyne Kendi, the chief marketing officer at Absa Bank Kenya is currently surfing a giant...
Deported Rubis Kenya CEO returns after Ruto’s victory
Deported Rubis Energy Kenya CEO Jean-Christian Bergeron made a quiet return to Kenya.
Absa to pay record dividend after profit rises to Sh14.6 billion
Absa Bank Kenya has posted a 34.2 percent net profit growth to Sh14.6 billion in 2022.
Kenya renegotiates Arror, Kimwarer Sh19bn defaulted Italian loans
Kenya and Italy have agreed to renegotiate the loan that Nairobi took to construct the Arror...
Rolls-Royce appoints John Kelly as new Africa boss
John will assume group-wide leadership and representation for the Group’s Civil Aerospace...
UK firm to acquire 31pc stake in Lake Turkana Wind Power
Lake Turkana Wind Power says it is seeking regulatory approvals to be allowed to sell the stake...
America’s rate hike threat pushes NSE to 6-year low
Investor wealth at Nairobi Securities Exchange (NSE) on Monday plunged to a six-year low.
StanChart profit hits record Sh12.1 billion
Standard Chartered Bank Kenya has recorded a 34 percent jump in full year net profit for 2022...
Defer new water tariffs to ease consumer burden
Kenya’s ageing water and sanitation infrastructure could certainly do with some upgrades and...
Oil marketers to pay for fuel imports in Kenyan shilling as shortage looms
Local oil companies will pay for oil imported on credit through a government-to-government deal...
Sean “Diddy” Combs Reportedly Vying for Majority Stake in BET
Sean "Diddy" Combs has joined the competition for a majority stake in BET Media Group, alongside industry titans Tyler Perry and Byron Allen, according to Variety.The news comes after reports stated that Paramount Global was looking to sell the entertainment entity. Combs, a record executive and multi-hyphenate entrepreneur, is "exploring the opportunity to purchase BET as a part of his strategy to build a Black-owned global media powerhouse," according to sources close to the music maven via the outlet.Per additional sources, Combs is not yet in talks with Paramount regarding the deal, nor are any of the aforementioned candidates looking for a majority stake in the entertainment conglomerate. Notably, Combs boasts a longstanding relationship with Paramount Global, having worked on three i...
When size doesn’t matter in the financial statement disclosures
Disclosures within the financial statements are described as material if omitting or misstating...
