PRIME Value of East Africa deal book dips 35pc on investor jitters In terms of the number of deals, venture capital led at 25, followed by mergers and acquisitions at 12, private equity (PE) at 10, and DFI at nine.
New car sales fall 13.5pc on costly loans, taxes Demand for new vehicles fell 13.51 percent in the first five months of the year.
Private sector activity defies floods to grow at fastest pace in 20 months Private sector activity in Kenya defied ravaging floods to grow at the fastest pace.
PRIME East African Cables to sell assets to support operations East African Cables is targeting to unlock Sh350 million from the sale of its non-operating assets.
DTB first quarter profit up 8.6pc Unaudited results released Tuesday showed net earnings for the group grew from Sh2.42 billion that had been posted in the same quarter a year earlier.
PRIME Bid for CBK to control hire-purchase costs CBK could soon control borrowing costs in hire-purchase deals in fresh proposals that would expand the banking regulator's mandate.
M-Pesa deposits fall Sh10bn in six months At Sh263.3 billion in deposits, Safaricom is one of the largest players in the financial services market.
PRIME Diaspora remittances jump to Sh210 billion in four months Money sent home by Kenyans living and working abroad grew 23.1 percent during the first four months of this year.
PRIME Online shoppers splash Sh87.3bn on electronics, fashion products Electronics and fashion products have continued to dominate the highest expenditure categories of consumer goods bought by Kenyans.
How Kenya’s affluent plan to spend bonus earnings High-income Kenyans plan to spend the bulk of bonus earnings on buying property or reinvesting in their businesses.
UK announces Sh1.1 billion for green projects in Kenya Britain has extended Sh1.1 billion to Kenya to help 10 counties access green finance for funding eco-projects.
Costly locally assembled phones dim digital access goals Locally assembled smartphones are retailing at highs of up to Sh10,559 and could rise further to Sh11,500.
Residents demand royalties share as Base closes shop Residents of Kwale have renewed their call for the government to release mineral royalties to those affected by Base Titanium's mining operations.
Billionaire Baloobhai expands his Absa stake with 5.8 million shares Billionaire investor Baloobhai Patel purchased an additional 5.8 million shares in Absa Bank Kenya.
Second-hand clothes imports from China rise 86pc The quantity of second-hand clothes imported from China jumped by 86.2 per cent in the first quarter of this year.
Jubilee launches premium cover for expatriates, high net-worth clients Jubilee Insurance has unveiled a premium health cover targeting expatriates and high net-worth individuals.
Kenya, Uganda turn to cross-cultural tourism to boost numbers, revenue Kenya and Uganda are banking on cross-cultural tourism to help boost tourism visitor numbers and revenue
Kenyan agribusiness SMEs set for MasterCard funding SMEs in the Kenyan agriculture sector are among firms from 20 African countries selected to compete for up to $2.5 million (Sh327 million) in grants.
Banks to get capital relief on partially guaranteed loans The Treasury is seeking changes that will allow banks to make lesser provisions for defaults on partially guaranteed loans MSMEs take.
South Sudan clarifies new $350 levy on goods imports The Mombasa Monitoring Station-National Revenue Authority of South Sudan has clarified that only exporters and importers will be required to comply with the payment of Sh46,000 levy.
Kenya set for Sh131 billion new IMF financing June Kenya is set for Sh131 billion in new financing from the IMF in June.
CBK raises Sh45 billion from reopened five, 10-year bonds CBK has mopped Sh45.8 billion from the recently reopened five-year and 10-year bonds.
World Bank cuts expected Kenya financing by Sh39bn New funding to be approved on April 30 in a revised World Bank plan.
Cargo transport crisis as trucks stay grounded over container height rule Several trucks are stuck in different yards in Mombasa.
Nairobi targets Wakulima, Muthurwa markets in revenue push Wakulima and Muthurwa control close to two-thirds of market activities within Nairobi.