Author: Herald Aloo

KP inflates bills by Sh6b in revenue recovery plan

Reading Time: 3 minutes Kenya Power passed some Sh6.07 billion illegal charges to consumers in fuel cost fees in the period ending June 2023 […]

Companies lay off 70,000 on high cost of doing business

Reading Time: 2 minutes Employers have laid off more than 70,000 workers in the past year as the rising cost of doing business hit […]

Pressure on firms as State raises dividend projection

Reading Time: 2 minutes The government has revised upwards the projected income from its investment in various State-affiliated companies in the current 2023/24 fiscal […]

Subsidiaries prop NCBA to Sh14.6b profit

Reading Time: 2 minutes NCBA Group posted a 14.4 per cent increase in net profit in the third quarter of the fiscal year ending […]

East African CEOs bullish about business prospects

Reading Time: 2 minutes Most East African chief executives are cautiously optimistic about the growth prospects of their companies over the next three years. […]

Safaricom resists call rate cuts as price war looms

Reading Time: 2 minutes Safaricom, Kenya’s biggest telco, is fretful that the proposed further slashing of Mobile Termination Rates (MTR) by 89.7 per cent […]

What family businesses in East Africa need to survive

Reading Time: 2 minutes The level of governance within family-owned businesses (FBs) in East African countries like Kenya still falls below global standards, explaining […]

Flutterwave starts search for Central Bank permit after end of court battles

Reading Time: 2 minutes Nigeria-based fintech unicorn, Flutterwave has started the process of securing a Payment Services Provider license in Kenya to bolster its […]