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DTB profit jumps to Sh6.4bn on higher revenue and cost control

Nairobi, Aug. 19 -- Diamond Trust Bank Kenya Limited (DTB) posted a Sh6.4 billion net profit in the half-year to June, on the back of strong revenue growth and tighter control of operating costs. The... Read More


Nairobi Water warns Tata Magadi shutdown could upset operations

Nairobi, Aug. 19 -- The Nairobi City Water and Sewerage Company (NWSC) has warned that the suspension of Tata Chemicals Magadi's operations could disrupt water treatment in the capital. The utility f... Read More


Mutual investment to define US, EAC relations

Nairobi, Aug. 19 -- Over the years, I have built, deepened and deployed capital while working to strengthen confidence in our markets. That experience has given me a clear view of what mutual prosperi... Read More


Timely pension remittance key to securing retirement benefits

Nairobi, Aug. 19 -- Increased pension scheme membership, now standing at about 7.71 million Kenyan workers, is a commendable achievement. Employees contribute to pension schemes with a promise that wh... Read More


Failed burden of proof costs EPZ firm Sh390m tax fight

Nairobi, Aug. 19 -- The Tax Appeals Tribunal has upheld a Sh389.8 million tax claim against a warehouse and transport firm, Transfleet (EPZ) Limited, after it failed to prove it objected to the demand... Read More


Court opens fresh battle over Meja's six-year term as PSC chair

Nairobi, Aug. 19 -- The High Court has opened a fresh Constitutional battle over whether a sitting member of the Public Service Commission (PSC) can become chairperson of the same commission without b... Read More


Kenya's Sh12bn condemned fuel shipped to DRC, South Sudan

Nairobi, Aug. 19 -- Kenyan oil marketers shipped out 48.12 million litres of the condemned petrol to the Demoratic Republic of Congo (DRC) and South Sudan, offering a trail on the movement of the cont... Read More


Absa's minority investors reject Sh24bn share offer

Nairobi, Aug. 19 -- More than 64,000 minority shareholders of Absa Kenya snubbed an offer from the lender's top shareholder to buy part of their shares, scuttling the bid by the South African parent t... Read More


NSE firms start paying juicy Sh75bn dividends

Nairobi, Aug. 18 -- Shareholders of companies listed on the Nairobi Securities Exchange (NSE) will bank Sh74.95 billion from dividends in the weeks to October, reaping from a surge in share prices. T... Read More


Global firms block Kenya cash transfers in dirty money fears

Nairobi, Aug. 18 -- Two more global cross-border payment platforms have stopped receiving and sending cash to Kenya amid increased anti-money laundering scrutiny across nations. US firm Sendwave and ... Read More