Economy

Kakuzi Plc, a listed superfoods producer, faced a challenging trading environment in 2024, resulting in a pre-tax loss of Sh167 million due to adverse weather, currency fluctuations, and geopolitical tensions in the Middle East, the company has announced. Click here to join our WhatsApp Channel In its 2024 financial results, …

Jumia Kenya is intensifying its efforts to incorporate small businesses into the digital economy by organizing a benchmarking tour that provided 30 entrepreneurs with hands-on e-commerce training. Click here to join our WhatsApp Channel The event, held at Jumia’s Nairobi facility, offered valuable insights into e-commerce operations, logistics, and cashless …

MetroTrans EA Limited has issued a notice informing customers and stakeholders that all of its services will be temporarily suspended on Saturday, 22nd March 2025. Click here to join our WhatsApp Channel The suspension is due to a scheduled sensitization program for the company’s drivers, conductors, and staff members, aimed …

Old Mutual Group’s profit after tax surged by 550% to Sh1.3 billion last year, driven by robust performance in its asset management division, underwriting gains from the insurance sector, and returns on invested assets. In 2023, the company reported a net profit of Sh200 million. “Our ongoing strategy is focused …

Safaricom PLC leads Kenya’s mobile broadband market with a significant 63.1% share, as reported by the Communications Authority of Kenya for the period from July to September 2024. Click here to join our WhatsApp Channel Airtel Networks Kenya Ltd. follows with 32.6%, while other providers like Telkom Kenya Ltd. (1.7%), …

The Kenya Pipeline Company (KPC) has announced a profit before tax of Sh10 billion for the financial year ending June 30, 2024, marking a 32% increase from the previous year’s Sh7.6 billion. Click here to join our WhatsApp Channel This growth is attributed to a 15% rise in revenue, from …

By: KNA The Heinrich Boell Foundation has unveiled a report highlighting the alarming state of agricultural soils in Kenya and its critical impacts on food and nutritional security. Click here to join our WhatsApp Channel The Report dubbed “the Soil Atlas—Kenya Edition” has revealed that only 20 per cent of …

The Kenya Railways Corporation has commissioned a technical team to conduct an environmental and social impact assessment in preparation for extending the Standard Gauge Railway (SGR) from Naivasha to Kisumu. As part of the groundwork, the team is evaluating potential environmental and social effects while formulating mitigation strategies in collaboration …

Kenafric Manufacturing Limited (KML) has announced its entry into the East African stationery market following the acquisition of Economic Industries Ltd. Click here to join our WhatsApp Channel The acquisition, which was granted unconditional approval by the Competition Authority of Kenya (CAK), took effect on Tuesday, officially incorporating Economic Industries …

Safaricom has introduced Ziidi, a fresh investment platform integrated with its flagship mobile financial service, M-Pesa, designed to make wealth creation more accessible for its users. Click here to join our WhatsApp Channel This launch coincides with M-Pesa’s 18th anniversary, marking its debut in March 2007. Today, M-Pesa stands as …