Ksh395m boost to Kenya Vehicle Manufacturers
Kenya Vehicle Manufacturers (KVM) has secured $3 million in equity funding from CFAO Group, a key player in the mobility industry owned by Toyota Tsusho Corporation. The funding will be used
Read on
Business & Finance
Kenya Airways records an operating profit of Sh10.5 billion in full year results
Kenya Airways’ ongoing recovery and turnaround initiatives have resulted in the airline recording an operating profit of Sh10.5 billion for the year ended December 31, 2023 compared to an operating
Read on
Banking sector on a steady growth rate in Mombasa
The banking sector is shaping up progressively in Mombasa with the entry of new franchises sprouting across the Port City. This is a testament to the sustained investor confidence the Port City
Read on
Harsh economic conditions in 2023 caused surge in defaulter rate among many Saccos
Many Savings and Credit Cooperative Societies (Saccos) in the country witnessed a high default rate in 2023 owing to harsh economic conditions. The rate of bad loans went up since a
Read on
Programme to boost SMES in training, linkages and financial access launched
Over 1500 Small and Medium Enterprises (SMEs) from across the country are set to receive a boost in financial literacy training, market linkages, business networking and financial access through a
Read on