Naivas Supermarkets on Tuesday opened its 67th store at Hazina Towers in a space previously occupied by Nakumatt Lifestyle, in a mall at the heart of Nairobi city on Monrovia Street.
Absa Bank Kenya PLC has reported a 66.1 per cent profit wipe out in nine months to September to Ksh.1.9 billion from Ksh.5.6 billion last year.
A State agency charged with tracking illicit money is investigating SportPesa for possible money laundering in the wake of claims the sports betting firm wired $278 million (Sh30 billion) from its local accounts to offshore banks.
Coffee house chain Java has given its employees two weeks to resign as it starts cutting down its workforce through a voluntary exit programme.
Equity Group posted a 14.5 percent decline in net earnings in the nine months ended September on the back of increased provisions for coronavirus-related defaults.
Safaricom PLC has reported a reduced Kes.33 billion half year profit representing a six percent slide in earnings from Kes.35.2 billion last year making this the company’s first profit slide in the mid-year review since 2012.