A worker at affordable housing units under construction at Pangani Redevelopment Site. FILE PHOTO | NMG The ongoing pandemic has been quite a gut punch for everyone, not only in the industry. After the World Health Organisation (WHO) declared the Covid-19 outbreak a pandemic almost two years ago, governments worldwide imposed unprecedented lockdown measures that […]
Kenya Commercial Bank branch in Gikomba Market in Nairobi on Thursday, November 12, 2020. PHOTO | DENNIS ONSONGO | NMG KCB Bank has set up a Sh800 million fund to finance revival of small businesses and cooperatives in Nakuru County hit by the Covid-19 pandemic. The kitty set up in partnership with the Nakuru County […]
While Africa is responsible for less than five percent of carbon emissions, it is most vulnerable to climate instability. It is laudable that the Kenyan regulators have taken the lead and issued guidance on ESG and climate risk management. Equity Bank, via its Foundation, is helping learning institutions switch away from traditional wood fuel to […]
A Jambojet plane at the Kisumu International Airport. PHOTO | FILE | NMG The airline, a subsidiary of Kenya Airways (KQ), said on Tuesday that cargo operations starting in the second week of February will target regional routes such as Goma in the Eastern Democratic Republic of Congo. Jambojet, which has been in operations since […]
Kenya Airways and South African Airlines signed a Strategic Partnership Framework in South Africa last November, in a move that will see the two carriers eventually form a Pan-African carrier. PHOTO | FILE | NMG Troubled Kenya Airways says it is fast-tracking negotiations to launch common initiatives with South African Airways (SAA) with which it […]
Guests follow proceedings during the launch of a pension product by an insurance firm in Nairobi. FILE PHOTO | NMG Liberty Kenya Holdings has issued a profit warning for the year ended December 2021, citing the impact of the Covid-19 pandemic. The Nairobi Securities Exchange-listed firm said its profit for the year is likely to […]
East African Breweries Limited Managing Director Jane Karuku. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP The brewer attributed the 23 percent growth to investment behind brands and innovation in the route to market in response to consumer behaviour shifts. EABL has also reported a 51 percent increase in physical asset acquisition in support of […]
Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG Equity Group has received a licence to operate a life insurance business in Kenya as the company seeks growth and diversification in the financial services industry. The Insurance Regulatory […]
Tycoon Jaswant Rai. FILE PHOTO | NMG Billionaire Jaswant Rai lost a bid to lease ailing Mumias Sugar Company on account of his dominance in the sugar sector, the receiver manager has said. In his defence on why he awarded the lucrative tender to Uganda’s Sarrai Group, KCB’s receiver-manager Ponangipalli Rao says in court documents […]
An Emirates Airlines plane. The UAE has lifted a ban on entry of travellers from Kenya and Tanzania. PHOTO | FILE | NMG Travellers from Kenya and Tanzania will be allowed entry into Dubai from Saturday after the United Arabs Emirates (UAE) lifted a ban it had imposed on all inbound and transit passenger flights […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.