Nairobi, May 16 -- Co-operative Bank of Kenya has posted a 7.7 percent growth in net profit to Sh6.58 billion in the first three months ended March 2024 on increased income and contained operating cos... Read More
Nairobi, May 11 -- Savings of up to Sh30,000 per month in retirement benefit schemes will be exempted from tax if Parliament passes the proposal that seeks to raise the figure from the current Sh20,00... Read More
Nairobi, May 11 -- Vehicle owners will start paying an annual tax of up to Sh100,000 depending on the value of their cars if Parliament endorses the proposal that looks set to increase motoring costs ... Read More
Nairobi, May 8 -- Diamond Trust Bank (DTB) will pick a CEO for its Kenyan operation for the first time in a new management structure that will leave the group managing director Nasim Devji in charge o... Read More
Nairobi, May 1 -- Marketing and communications firm WPP Scangroup is planning to sell its business in South Africa and wind up several dormant units, coming months after it sold its operations in Nige... Read More
Nairobi, May 1 -- Car & General (C&G) made a net loss of Sh273.6 million in the 15 months ended December 2023, reversing a net income of Sh679.4 million in the 12 months to September 2022. The latest... Read More
Nairobi, April 30 -- TotalEnergies Marketing Kenya has raised its dividend payout by 46.5 percent to Sh1.92 per share totalling Sh336.1 million on increased profit for the financial year ended Decembe... Read More
Nairobi, April 29 -- Directors of troubled Savannah Cement illegally sold the company's apartment in Nairobi for an unspecified amount soon after the firm fell into administration, increasing the expo... Read More
Nairobi, April 29 -- Foreign-owned retail chain Carrefour Kenya posted a 4.3 percent decline in sales to 1.05 billion United Arab Emirates dirham (AED) equivalent to Sh38.5 billion in the financial ye... Read More
Nairobi, April 26 -- SBM Bank Kenya is fighting off a Sh737 million tax penalty from the Kenya Revenue Authority (KRA), which relates to an agency contract the taxman had with the lender when it was t... Read More