ARM’s net losses widened 2.3 times to Sh6.5 billion in the year ended December on the back of lower sales and thinner profit margins.
The Nairobi Securities Exchange-listed firm had made a net loss of Sh2.8 billion the previous year.
The cement manufacturer’s sales declined 32 per cent to Sh8.6 billion amid vicious price wars in the Tanzanian market where the...
ubilee Holdings has announced a total dividend payout of Sh9 per share for the 72.5 million shares issued for the year ending December 2017.
The insurance company, which announced a pre-tax profit of Sh5.16 billion during the period, will pay a total of Sh652 million in dividends compared to Sh560 million in 2016.
Jubilee Holdings Group Chairman, Nizar Juma, says the...
KALRO (Kenya Agricultural & Livestock Research Organisation) has launched 14 agribusiness apps to help farmers make informed choices even as they undertake their agribusiness ventures.
Launched during the just-concluded East Africa Farmers Digital conference, KALRO’s ICT Director Boniface Akuku said the organisation has realised most farmers run their projects without expert knowledge. To address that problem, the research body...
Written by Reuben Kimani, CEO, Username Investment Limited.
Over three million Kenyans live in diaspora, by August 2017 their remittance stood at Kshs 166.4 billion according to data from Central Bank of Kenya. Generally, its considered that this population is well-educated with the majority living in Europe and the US. The remittance was only made through formal channels such as...
Regional retailer Tusker Mattresses, has opened the doors to its 64th branch at the new Diamond Plaza II Shopping complex in Nairobi’s Parklands area.
The opening of the Kshs 150 million supermarket further confirms the retailer’s commitment to furthering the regional formal retail growth.
Speaking at the opening of the new Tuskys Diamond Plaza Supermarket, Tusker Mattresses Group...
Kenya is automatically qualified to the Sevens World Cup to be held in 2018 in San Francisco (USA)
NAIROBI, Kenya, May 28, 2018/ -- The Rugby Africa Women’s Sevens tournament which was held in Gaborone, Botswana saw the ladies defeat the next door neighbours Uganda Cranes 29-7 in the #AfricaWomens7s final.
The winner of “Africa Women’s Sevens” is the 2018 African...
The ever improving feature set of the truly revolutionary Ecobank Mobile App, which has now been downloaded by more than 5 million people, took the prize for Innovation in Banking
LOME, Togo, May 28, 2018/ -- Ecobank (www.Ecobank.com) has won two major awards at the African Banker’s prestigious ceremony held at the Paradise Hotel in Busan, South Korea. The bank...
Presentations on investment opportunities available in the Export Processing Zone and Tanzania Investment Centre were made followed by site visits to an agro-processing and electronic cards company in the zone
PRETORIA, South Africa, May 28, 2018/ -- A week-long Trade and Investment Mission to Kenya and Tanzania organised by Department of Trade and Industry (the dti) has yielded good leads...
‘Safaricom Twaweza Live’ experience to positively impact customers and community’
Nairobi, Kenya – Safaricom (NSE: SCOM) held its first Mega concert dubbed Twaweza Live in Eldoret at the Eldoret Sports Club. This was the culmination of a 10 day activation in the Rift region that saw Safaricom engage with customers and do CSI activities.
Kenyan artistes that lined up performances include,...
‘Safaricom Twaweza Live’ experience to positively impact customers and community’
Nairobi, Kenya – Safaricom (NSE: SCOM) held its first Mega concert dubbed Twaweza Live in Eldoret at the Eldoret Sports Club. This was the culmination of a 10 day activation in the Rift region that saw Safaricom engage with customers and do CSI activities.
Kenyan artistes that lined up performances include,...
