Jamii Bora Bank Limited (JBBL), Kenya Power and Lighting Company (KPLC), and Rapid Communications signed an agreement that will enable the JBBL to give loans to power connection applicants.
Strathmore Business School and Safaricom launched the inaugural Journalism Fellowship Program to give business journalists an opportunity to train alongside Kenya’s leading business lecturers and some of top leading news-makers in the region.
The diamond trade faces a growing challenge from the production of synthetic diamonds, with World Diamond Council, jewellers and diamond miners stressing that a jewel mined at great expense, and often with great risk, is infinitely more valuable than one made by man.
The Kenya Commercial Bank (KCB) has set aside a revolving fund of KES 1 billion to fund livestock farmers in arid and semi-arid areas across the country to help commercialize the sector through its KCB Foundation dubbed Mifugo ni Biashara.
Kenya Commercial Bank has announced a KES17,1 billion, representing a 16 percent increase from the corresponding period in 2013.
31 July 2014, 18:10
Kenya's inflation crept up to 7.67 percent in the year to July from 7.39 percent in the previous month, the statistics office said on Thursday.
31 July 2014, 18:53
Mohanlal Devraj Karania left school at age 15 to build Kapa Oil Refineries Ltd.
31 July 2014, 11:29
Hotelier TPS Eastern Africa reported first-half 2014 pretax profit down by almost three quarters, saying the Kenyan tourist business had been hurt by a spate of militant attacks and travel warnings by several Western nations.
31 July 2014, 08:31
Kenya Commercial Bank (KCB) reported a 16 percent rise in first half 2014 pretax profit to 11.67 billion shillings ($133 million).
31 July 2014, 07:30
Equity Bank could be on course for a record year after first-half pre-tax profits rose 21 percent due to an expanding loan book and an improved performance from subsidiaries in nearby countries.
30 July 2014, 21:45
Banks buoyed stocks while the shilling was little changed on Wednesday, with traders expecting inflation data due on Thursday to have little impact on the local currency.
30 July 2014, 18:43
Container traffic through Kenya's biggest port grew by 12.8 percent in the first six months of the year after new cargo handling infrastructure was built.
30 July 2014, 11:59
A group of girls aged from eight to 20 years plan to sue British Airways over sexual abuse by First Officer Simon Wood who carried out the alleged crimes during stopovers in Kenya, Uganda and Tanzania.
30 July 2014, 10:27
Tullow Oil, the independent oil and gas exploration and production group, reported success of its projects in Kenya.
30 July 2014, 10:27
Equity Bank posted on Wednesday a 21 percent rise in pretax profit to 10.82 billion shillings ($123.38 million) in first half of 2014, driven by growth in its loan book.
30 July 2014, 07:53
PZ Cussons Plc, maker of Imperial Leather soap, posted a higher full-year profit after cost cuts scrubbed out the effect of a strong pound and periodic disruptions to sales in Nigeria, its largest market.
29 July 2014, 16:52
The highest price for top-grade Kenyan tea rose at this week's sale to $4.00 per kg from $3.94 per kg last week, Tea Brokers East Africa said.
29 July 2014, 10:51
A US investor is suing Barclays and current and former bosses over losses suffered after New York's attorney general accused the bank of lying to customers.
28 July 2014, 22:35
The Kenyan shilling edged down on Monday, under pressure from importers buying dollars to meet their end-month obligations, market participants said.
28 July 2014, 20:46
Canadian explorer Africa Oil Corp. and its partner Tullow Oil are likely to bring in a third partner to help develop their oil discoveries in northern Kenya.
28 July 2014, 18:48
A leading Kenyan hotel chain has disputed official figures for tourist arrivals, saying violent attacks by militants have scared away far more tourists than the authorities admit.
28 July 2014, 15:23
Online retailer Jumia, a would-be African Amazon set up by German venture capital firm Rocket Internet, is expanding into three new markets - Uganda, Ghana and Cameroon, the company said.
28 July 2014, 12:57
The government will borrow 60 billion shilling ($684.54 million) from the African Development Bank (AfDB), to help more than double electricity connections to 70 percent of the population in five years, the energy minister said.
28 July 2014, 09:17
Safaricom has been ordered to open up its M-Pesa platform after Airtel Kenya filed a petition, accusing Safaricom of unfair competition.
28 July 2014, 10:43
The banking sector has witnessed increased financial inclusion following the introduction of agent banking that has ensured more people have increased contact with banking facilities.