Plans by wealthy Kenyans for bonuses in 2024 favours savings over spending
High-income Kenyans plan to spend the bulk of bonus earnings on buying property or reinvesting in their businesses.
Source: theeastafrican.co.ke
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TPS in record profit, no dividend payout
TPS Eastern Africa, the operator of Serena Hotels, has posted a Sh870.87 million net profit.
Source: theeastafrican.co.ke
Safaricom boost as Ethiopia slashes termination charges
Safaricom's subsidiary in Ethiopia has been handed a boost after the country’s telecommunications regulator cut MTR by a quarter.
Balcha Reba Safaricom Telecommunications Ethiopia Ethio Telecom Ethiopian Communications Authority Safaricom Telecommunications Ethiopia Plc Ethio Telecom
Source: theeastafrican.co.ke
Uganda Lato milk processor to take over Kenyan firm
Uganda’s milk processing firm behind the Lato brand has received approval to acquire a Kenyan milk company.
Competition Authority Of Kenya Kenya Development Corporation Highland Creamers Food Pearl Dairy Farms Committee Responsible For Initial Determinations Comesa Competition Commission
Source: theeastafrican.co.ke
Telkom billions trail fades on multi-country barriers
Kenya’s probe into Sh6.09 billion transactions hit a dead end after investigators were denied access to accounts beyond Mauritius.
United Kingdom Nancy Gathungu Auditor General Nancy Gathungu Infrastructure Corporation Of Africa United Arab Emirates Patrick Alushula
Source: nation.africa
Insurers owe policyholders Sh39bn in delayed payments
Policyholders’ claims, also known as non-liability claims, have surged by a third from Sh29.73 billion.
Jubilee Health Takaful Insurance Of Africa Invesco Assurance Corporate Insurance General Kenya Orient Takaful Insurance
Source: nation.africa
Mauritian company buys stake in Kenya beverage firm
Phoenix Beverages Limited (PBL) has received approval to acquire a 28.15 percent stake in a local firm.
United States Phoenix Beverages Limited Competition Authority Of Kenya Savannah Brands Company Africa Originals Competition Authority
Source: theeastafrican.co.ke
Kenyans under probe over Sh86bn 'illicit' transactions
Kenyan investigative agencies flagged and investigated more than Sh86 billion generated from suspected illicit activities.
Criminal Investigations Financial Intelligence Unit Financial Reporting Centre Directorate Of Criminal Investigations Patrick Alushula Economic Crimes
Source: nation.africa
Airtel Africa to build data hub in Kenya after Nigeria project
Airtel Africa plans to build a data centre in Nairobi.
Source: theeastafrican.co.ke
CBK in major operation to stop aggressive dollar bids
CBK is holding private meetings with banks to try to persuade them against aggressive quotes of the dollar.
Business Daily Dr Thugge Aggressive Dollar Bids Dollar Bids Kamau Thugge Monetary Policy Committtee Monetary Policy Committee Meeting
Source: nation.africa