Kenya
PC Shipments decline 24.8% YOY in Q3 2015
NAIROBI: The currencies of Kenya, Ethiopia, Tanzania and Uganda are so weak right now that they've impacted the number of...
High lending rates hit demand for credit in Kenya
NAIROBI: High cost of borrowing in Kenya has hit demand for credit, making it go flat in key sectors of...
Kenya’s central bank offers 8 bln shillings into money markets
NAIROBI: Kenya's central bank said on Friday it was offering 8 billion shillings ($78.24 million) into the money markets using...
Kenya increases exports to U.S by 50% under Agoa
NAIROBI: Kenya could increase its exports to the U.S by 50% under the African Growth and Opportunity Act (Agoa). The...
Kenyan troops involve in sugar smuggling: report
NAIROBI: Kenyan troops in Somalia are heavily involved in the smuggling of about 150,000 tons of sugar a year into...
Kenya army involved in $400m sugar smuggling racket: report
NAIROBI: Kenya's army is involved in a $400-million sugar smuggling racket in Somalia that also funds the Al-Qaeda militants it...
Kenya Airways H1 pretax loss narrows slightly to $116.12 mln
NAIROBI: Kenya Airways Ltd's pretax loss for the six months to September narrowed slightly to 11.856 billion shillings ($116.12 million),...
Commercial banks posts 114.2b shillings in pretax profits during Jan-Sep 2015
NAIROBI: Commercial banks made 114.2 billion shillings in pretax profits during the first nine months of this year. The profit...
Barclays bank of Kenya establishes agribusiness unit
NAIROBI: Barclays bank of Kenya has established an agribusiness unit that will exclusively address matters farming. Speaking during the launch...
Kenya Pipeline Company to release oil spill report in 2 weeks
NAIROBI: Residents of Makueni county will have to wait at least a fortnight to know the exact cause of a...
Kenya exports below 10 of 6,300 products into US market
NAIROBI: Kenyan small businesses have been challenged to exploit market access opportunities available under the recently renewed African Growth and...
Kenya Safaricom users spent Sh45.19b talk in last 6 months
NAIROBI: Safaricom users spent Sh45.19 billion talking in the last six months, according to the telecommunication company's half year financial...
IMF lauds Kenya’s Central Bank for stability in local market
NAIROBI: The International Monetary Fund has lauded Kenya’s Central Bank for bringing stability in the local financial market. The fund...
Tata Chemicals reports marginal drop in profit at Rs 254.94 crore in Q2
NAIROBI: Tata Chemicals reported a marginal drop in profit after tax (PAT) at Rs 254.94 crore in the second quarter...
Kenyan shilling declines on loose liquidity in money markets
NAIROBI: Kenya's shilling lost ground against the dollar on Friday, hurt by loosening liquidity in the money markets. At 0800...
Cooperative bank’s profit increases 36.6% to Sh8.62 bln in Kenya
NAIROBI: Cost cutting measures among them managerial job cuts drove up Cooperative Bank Group's nine month net profit to September...
Fake malaria drugs 40% sale in Kenya
NAIROBI: Approximately, 40 per cent of malaria drugs sold in Kenya are counterfeits, a special working group of the National...
Kenya’s Safaricom posts rise 16% to $381.14 mln in EBITDA in April-Sept
NAIROBI: Kenya's Safaricom reported on Thursday that its earnings before interest, taxation, depreciation and amortisation (EBITDA) in the six months...
Kenya’s Safaricom partnerships with banks to transfer of funds
NAIROBI: Safaricom, Kenya’s leading mobile operator, has partnered with a number of banks to enable real-time transfer of funds. The partnership...
Kenya Cytonn Investments expected to growth 4.9% in 2015
NAIROBI: High interest rates and the Kenya shilling's depreciation have damaged growth prospects of the national wealth, a section of...
