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Naivas opens 67th store at Nakumatt Lifestyle’s former location

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.

23 Nov, 2020
News

Absa Bank nine month profit falls by 66 per cent

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.

18 Nov, 2020
News

SportPesa faces Sh30bn money laundering probe

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.

16 Nov, 2020
News

SafeBoda to exit the Kenyan market on November 27

Boda Boda hailing company SafeBoda has announced its exit from the Kenyan market effective from November 27, 2020.

16 Nov, 2020
News

Java House Asks Staff to Resign As It Commences Massive Layoffs

Coffee house chain Java has given its employees two weeks to resign as it starts cutting down its workforce through a voluntary exit programme.

13 Nov, 2020
News

Equity Group’s 14 percent profit decrease attributed to Covid-19

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.

12 Nov, 2020
News

Safaricom Posts 6 Percent Decline in Half Year Earnings at Kes 33.0 Billion

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.

10 Nov, 2020
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