PREMIUM Portland cement auctions land to pay Sh2.5bn salary arrears The use of land to settle salary arrears follows a 2016 court ruling in favour of contract workers hired by the firm.
PREMIUM Inside manufacturers’ wish list to revive limping sector They say the sector’s growth potential remains stifled by a bad business environment.
Drivers hit as taxi-hailing firm Bolt transfers VAT obligation to them Bolt says it has absorbed the VAT obligation over the past 15 months on behalf of the drivers.
Britam net profit up 53pc to record Sh5bn The earnings mark the fourth straight year of profit growth.
PREMIUM You can’t resign, court tells Cytonn boss Patricia Njeri Wanjama Justice Helene Namisi says the exit of Ms Wanjama was an attempt to escape liability.
PREMIUM Revealed: State’s plan to save struggling Posta Posta will help deliver passports and targets up to Sh300 million from the venture.
Absa declares record Sh9.5bn dividend as profit rises 27pc Absa Bank Kenya net profit for the full year to December stood at Sh20.87 billion.
StanChart to pay record Sh14bn final dividend as profit soars The bank’s 45 percent growth in net profit was largely driven by higher income.
PREMIUM Old Mutual allowed to sell iconic tower amid row with tycoon Kibe Kibe claims that Old Mutual has defrauded him of his investment.
PREMIUM Farmers’ shock at Sh3bn Mumias tax arrears Cane farmers are questioning Mr Rao's operations that led to failure to remit taxes.
Private firms in longest growth streak in 3 years Stanbic Kenya Purchasing Managers Index steady at above 50 positive outlook.
PREMIUM Sacco provisions for Kuscco scandal losses hit Sh1.8bn...and rising Forensic audit reveals irregularities including cooked accounts and theft by executives.
Kenya Pipeline ordered to pay Sh200m for Taita Taveta farms oil spill KPC to compensate the 270 residents of two villages in Taita Taveta over the 2016 spillage.
PREMIUM Safaricom faces class action suit in agent commissions row Goodweek Inter-Services Ltd says the telco introduced unrealistic targets to block merchants from earning commissions.
Unga Group makes first profit in two-and-a-half years The big drivers in the profitability was reduced cost of sales and lower finance expenses.
PREMIUM Metropolitan Sacco now insolvent, declares State Despite the insolvency, the state is unlikely to wind up the Sacco.
Kenya Airways suspends flights to Mauritius KQ cites deteriorating weather conditions due to an approaching tropical cyclone.
PREMIUM Setback for Mumias Sugar in row with KRA Sugar miller's receiver manager fails in bid to challenge the demand from KRA.
Win for Fidelity Bank shareholders in Sh2.5bn claim dispute with SBM Court declines to stop the case against SBM Holdings.
BAT profit drops 19pc on strong shilling The company had posted a net profit of Sh5.5 billion a year earlier.
PREMIUM Small firms seek hybrid oil import system to curb losses Kenya has since April 2023 been importing fuel through a government-to-government deal with Gulf oil firms.
PREMIUM Rai vs Sarrai: Bitter sugar war breaks out at Mumias Serrai Group is currently running the sugar milling plant under a 20-year lease.
PREMIUM Mumias woes: Politics, cane shortages and cheap imports make miller bitter Mumias Sugar's trouble began when it was privatised through listing at the Nairobi Stock Exchange in 2001.
Kenya Power system losses at new high on ageing grid Firm struggles to plug leaks that deny it millions of shillings in potential revenue.
PREMIUM Mobile money transactions rebound to hit Sh8.7 trillion The popularity of mobile money remains on the rise driven by increased and better network coverage by telcos.
PREMIUM KCB fails in bid to set aside Sh436m tax demand The Tax Appeals Tribunal sides with KRA in its assessment of the taxes.
Coast sugarcane farmers oppose exclusion from bonus The initiative, designed to support farmers, is limited to publicly-owned sugar companies.
CMC Motors closes down, to retrench employees Firm cites market challenges and rising operational costs for move.
Court stops Ruto appointee from taking reins at Portland Cement Petitioner argues his appointment is shrouded in mystery.
