Business

Kenya Power  has returned the worst performance in a decade as profits fell 63.7 per cent to Sh1.92 billion, denying investors any dividend amid another poor run on the...

The top 10 shareholders in troubled fashion retail chain Deacons East Africa have lost Sh1.2 billion in paper wealth since the firm’s July 2016 listing at the Nairobi...

Isaac Mwige, the chief executive of UBA Kenya, has left the bank after four years on the job, the local subsidiary of Lagos-based lender UBA Plc said Wednesday, Local...

Mastermind Tobacco is playing games with courts in order not to pay huge taxes that they owe the taxman. The Kenya revenue has in many occasions failed to hit tax...

A recent report by Credit Info has revealed shocking details on Kenya’s borrowing culture. According to the report, over 16 percent of Kenyans borrowed from...

Dear Nyakundi,   Mr. Ibrahim Bugaighis has been replaced as CEO of Libya Oil Africa Operations.   Please see attached article and referenced email below.   Libya...

The capital markets regulator has called out five public listed companies for operating below the required capital and liquidity limits, demanding that they submit...

On Wednesday evening, the financially struggling Kenya 15s side finally flew out to France where they are meant to battle it out in the 2019 Rugby World Cup...

On Friday morning Kenyan shoppers were engaged in a cat and mouse game with online store Jumia during the previously advertised Black Friday flash sale. Jumia intends to...

On 28th October this year, Kenya Airways made the much hyped 16 hour inaugural direct flight to New York. The flight dabbed #KQNBONYC received intense publicity online...

Impulse Promotions Limited, a shell company we exposed on this site back in 2016, has now been accused of witholding payments for three months despite workers having...

Hi Cyprian, I am an employee of Kansai Plascon Kenya Limited, formerly known as Sadolin Paints that was acquired by new owners from South Africa. Since ownership was...

On Friday evening, a video of a middle-aged woman complaining of her stressful marriage was doing rounds online. The woman who said she was married to a Kenyan banker...

Recent revelations that the KICC was designed to resemble a donkey’s penis excited Kenyans on social media and KICC was trending for many days but recent...

At least 12 companies risk being delisted from the Nairobi Securities Exchange due to poor performance and corporate governance challenges. According to the...

  The cost of mobile phone services, including payments, is set to rise following the assent to the Finance Bill by President Uhuru Kenyatta last month. That is...

Payment vouchers for Sh15.2 billion spent on President Uhuru Kenyatta’s flagship free laptops programme cannot be traced, Auditor-General Edward Ouko has said in a...

The Kenya Airports Authority (KAA) is on the spot over Sh413.5 million it paid consultants and law firms, and ground-breaking for the terminated Greenfield Terminal at...

East African Portland Cement Company (EAPCC) says it has factored in its financial statements in the Sh1.4 billion it owes workers but declined to give a timeline for...

Troubled Uchumi Supermarkets  is banking on court protection to fend off multiple creditors who are scrambling to dispose of its assets to recover debts. The retail...

The Treasury spent Sh57 out of every Sh100 it collected in July and August to service debt, underlining the burden of mounting government borrowing on taxpayers. Debt...

Residents of Gatuanyaga in Kiambu County have now accused Governor Ferdinand Waititu of entering into an agreement with Del-monte without consulting them. The residents...

Kenya is among the top four countries in the world where super-rich populations are growing fastest, a study by Wealth-X has revealed. The World Ultra Wealth Report 2018...

  (Reuters) – Tesla and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company’s chairman but...

  SAO PAULO (Reuters) – Petróleo Brasileiro SA (PETR4.SA) will pay an $853.2 million fine to settle U.S. criminal charges the Brazilian state-run oil company...

Kenya Revenue Authority (KRA) has written to commercial banks seeking payment of millions from the accounts of companies it accuses of involvement in a massive tax...

President Uhuru Kenyatta will accumulate nearly Sh2.13 trillion more in public debt by the time his final term ends in August 2022, Treasury projections show, signalling...

Dalbit Petroleum’s Humphrey Kariuki. Dalbit Petroleum, a company associated with billionaire Humphrey Kariuki has won a Sh 796m deal to fuel United...