The Emirates Group Thursday posted an AED 2.5 billion (US$ 670 million) profit for the financial year ending 31 March 2017, down 70% from last year’s record profit.
The Group’s revenue reached AED 94.7 billion (US$ 25.8 billion), an…
The installation of the rooftop solar panels is part of a strategy to position The Hub Karen Mall, as Africa's premier green shopping destination.
According to Azalea Holdings Director, Philippe Cauviere, the solar farm project will…
Financial service provider, SBM Holdings Ltd (SBM Group) has today announced the completion of the acquisition of Fidelity Commercial Bank in Kenya through its subsidiary SBM Africa Holdings Ltd, marking its entry into continental Africa.…
The rural roll-out of scalable solar power in Kenya is set to accelerate with the announcement today of an innovative USD550k financing arrangement. Finance platform Lendable has secured USD550K debt financing for Raj Ushanga House (RUH),…
Online Shopping Mall, Kilimall, has joined the Kenya Government initiative dubbed “Buy Kenya, Build Kenya.” The government initiative encourages Kenyan manufacturers to sell their fashion items in Kenya at affordable prices, in a bid to…
Nakumatt supermarkets said Monday it would slash costs by at least Sh1.5billion annually in a restructuring that could mean more job cuts and store closings.
Through its business restructuring phase, the regional retailer said the plan…
Non-bank financial services firm, Sanlam Kenya has shrugged off fears pre-election jitters may impact negatively on its business three months to the General Election.
In a statement to its shareholders, published in the Nairobi…
Equity Bank has once again emerged as the top Overall Bank at the Think Business Banking Awards 2017, stamping its authority as a market leader in the financial space in Kenya and the East African Region.
The lender scooped a total of 19…
The Africa’s chief executives are buoyant that their companies will perform better for the remainder of the year, despite current economic and socio-political uncertainty, expressing optimism about the growth potential of the continent.…
NIC Bank has recorded a flat profit before tax of Sh1.37 billion for the first quarter of 2017 compared to Sh1.40 billion it reported a year earlier, this despite posting 5 per cent growth in pre-tax to close the quarter at Sh1.3 billion.…
