Serviced apartments in Kenya overtake traditional hotels in popularity surge
Serviced apartments in Kenya, particularly in Nairobi, are steadily gaining ground over traditional hotels as the preferred choice for travelers....
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Meta achieves 35.4% increase in net income, driven by AI innovations
On Wednesday 30th August 2024, U.S. social media powerhouse Meta Platforms, Inc. announced improved financial results for the third quarter ending...
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Multiple Hauliers faces insolvency proceedings as creditors prepare for key meeting
Multiple Hauliers (E.A) Limited, one of Kenya’s logistics firms, has been placed under administration following a High Court ruling, as...
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CAK greenlights Ramco Inc.’s sole ownership of Ramco Plexus
The Competition Authority of Kenya (CAK) has granted unconditional approval for the proposed acquisition of sole control of Ramco Plexus...
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KenGen boosts profits by 35%, proposes higher dividend for 2024
Kenya Electricity Generating Company PLC (KenGen) has reported a strong operational and financial performance for the fiscal year ending June...
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Access Bank wins Kenya antitrust nod for NBK deal with jobs guarantee
Access Bank’s acquisition of National Bank of Kenya (NBK) has received conditional approval from the Competition Authority of Kenya (CAK),...
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Airtel launches enhanced data bundles ahead of festive season
Airtel Kenya has unveiled its latest “Data ImeData Campaign,” aimed at giving customers up to 50% more data at the...
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Kenya Power posts KES 30 billion profit, driven by revenue growth
Kenya Power and Lighting Company PLC has reported a significant improvement in financial performance for the year ended June 30,...
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Kenyan oil retailer pursues 8-year competition exemption for Rubis deal
The National Oil Corporation (NOC) and Rubis Energy Kenya PLC have requested an exemption from the Competition Authority of Kenya...
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NSE expands derivatives market with new options contracts
The Nairobi Securities Exchange (NSE) has announced plans to launch options derivatives trading on NEXT, its derivatives market, following approval...
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