Jasmine Wambui
80 Articles
EABL records 38 per cent profit rise to Ksh.11.2 billion
The growth was driven by higher sales volumes, improved pricing, and lower borrowing costs, allowing the brewer to strengthen its balance sheet and declare a higher interim dividend.Net revenue rose by 11 per cent to Ksh.75.5 billion, supported by an 8 per cent increase in sales volumes, improved pr...
Africa's first pensions, asset management data hub launched
The platform was unveiled in Nairobi during the Pan-African Fund Managers Association conference.Africa’s pension and asset management industry oversees billions of dollars in assets, but for years it has operated without a single reliable source of comparable data....
KRA collects Ksh.307B in December exceeding Ksh.285B revenue target
The tax agency also recorded its highest-ever monthly customs collection, driven largely by oil and non-oil import taxes.
Rironi-Mau Summit Road: Tracing the Ksh.184B, 233km stretch to ease decades of congestion
A fast-tracking model is being applied as the government targets 2 years timeline. The 233-kilometre road construction and dualling project is being carried out by two major Chinese concessionaires
Safaricom first bond offer oversubscribed by over 175%
The first tranche was initially sized at Ksh.15 billion, with a green shoe option to raise an additional Ksh.5 billion, in case investor demand exceeded expectations.
Kenya Airways issues profit warning as grounded Dreamliners cut earnings
The airline says the grounding of three Dreamliners, which is about a third of its wide-body fleet, has significantly reduced capacity and passenger numbers, weighing on overall performance.
World Bank revises Kenya’s growth outlook upwards to 4.9%
The latest Kenya Economic Update Report by the World Bank reveals that the country’s economy is performing better than previously expected.The country’s growth outlook for 2025 now stands at 4.9 percent, an upward revision of the Bank’s own projection in May of 4.5 pe...
New digital tool launched to track Kenya’s real-time public debt
IEA says the tool is designed to give the public clearer insight into the country’s finances at a time when transparency is increasingly in question.According to the platform, Kenya’s total debt has surpassed Ksh.12 trillion, split between Ksh.6.58 trillion in domestic borrowing and Ksh.5.5 trillion...
CMA fines audit firm EY Ksh.10M over misrepresentation of 2014 Uchumi financials
The issue dates back to 2014, when Uchumi Supermarkets carried out a rights issue using financial statements prepared with EY as the reporting accountants.A year later, in 2015, the CMA launched an inquiry and found major misrepresentations in those statements.
CMA sanctions former Chase Bank executives over misleading 2015 bond disclosures
CMA sanctioned former Chase Bank Chairperson Zafrullah Khan, former General Manager for Finance Makarios Agumbi, and former General Manager for Corporate Assets James Mwaura, following its inquiry into the bank’s 2015 medium-term note.