Electricity costs are undeniably a factor that affects the lives of people be it at an industrial or household level. Within the country, there has been a wide-ranging discussion on the electricity sector as to how to reduce the cost of power. With the just concluded elections and a new incoming government, there will be a lot at stake...
tandard Chartered Bank Kenya Limited today releases its results for the six-month period ended 30 June 2022.
Kariuki Ngari, Chief Executive Officer, said:
“We have delivered a strong set of results for the first half of the year with income up 10%. We’ve seen healthy business momentum driving top line growth with double-digit growth in net interest income and strong performance...
The Kenya Medical Supplies Authority (KEMSA) has invested more than Kshs 30 million to facilitate efficient service provision from the Kisumu regional supply chain centre, the Authority's CEO Terry Ramadhani has confirmed.
Speaking when she hosted Homa Bay County Governor-Elect Gladys Wanga in her office today, Ramadhani said the Authority is executing a three-pronged transformation strategy (KEMSA2.0) geared at enhancing...
Listed agribusiness firm Kakuzi PLC has posted a Kshs 494.7 million pretax profit in its half-year results announced today.
Buoyed by increased sales, particularly against the firm's strategic Avocado and Macadamia crops and steadily growing revenues from its market and product diversification efforts, Kakuzi has enjoyed a 60% rise in pretax profits.
Speaking when he confirmed the half-year results, Kakuzi Managing...
PwC Kenya in partnership with the Kenya Bankers Association (“KBA”) have today released the 2021 Total Tax Contribution (“TTC”) study of the Kenya Banking Sector. The TTC study was produced by PwC on behalf of KBA.
PwC’s TTC methodology discloses both the taxes that a company bears, such as corporate tax and Value Added Tax (“VAT”) that it is not able...
Samsung Electronics will be unpacking the latest range of foldable devices on 10th August 2022. The global event is set to announce the most radical technological innovation in the smartphone space as the company gears up for an even larger share of the smartphone market pie. The announcement was made by Samsung Electronics President Mr. T.M. Roh when he invited...
Kasneb haslaunched a new corporate strategic plan to steer its
operations for the next five years that will conform with the changing world of work.
The launch of the 6th Corporate Strategic Plan (2022-2027) that coincides with the as it celebrated
the 53rd anniversary provides robust strategies to facilitate the renewal of Kasneb against a
backdrop of a myriad of disruptions that have...
GroupM, a WPP-Scangroup subsidiary, has released the second wave of Audience Origin data in Kenya, Tanzania, Uganda, Ethiopia, Ghana, Ivory Coast, Cameroon, and Nigeria. The data, which is locally focused, highlights unique consumer attitudes, preferences and behaviours that shape buying decisions.
This follows an announcement of the expansion of the proprietary Audience Origin data service in Africa in response to a growing...
Standard Chartered PLC (the Group) today released its financial results for the first half of the year ending 30 June 2022. See link here
In the Africa and Middle East (AME) region, the Bank recorded USD 1.291 billion dollars income with USD 581 million in operating profits.
AME Region performance highlights:
Broad-based growth across markets, segments, and products
Income up 8 per...
Listed agribusiness firm Kakuzi PLC has commenced the field harvesting and pre-shipment preparation for an inaugural Hass variety avocado consignment to be shipped out to China this weekend.
The field harvesting that kicked off early today is part of the firm's systems trial following the confirmation by government regulatory agencies that China has now provided the greenlight for fresh avocado...
