Business Daily

2024 - 1 - 8

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Kenya joins consortium to develop battery systems for renewable ... (Business Daily)

The Battery Energy Storage Systems (BESS) Consortium will lead the world in developing battery storage solutions to tap renewable energy.

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Investor jitters drive T-bill rates past 16 percent (Business Daily)

All the three short term papers closed above 16 percent, with the return on the 91-day T-bill closing at 16.0589 percent.

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CMA sets sights on investment cash deductions through payslips (Business Daily)

Power IO, a mobile application developed by Frictionless Enterprises, was on Thursday added to the list of capital markets products.

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Parliament in fresh push for power purchase office (Business Daily)

The parliamentary Departmental Committee on Energy wants the Energy ministry to establish an IPP Office within three years.

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Motorcycle imports drop 77pc on higher prices, fuelling costs (Business Daily)

Motorcycle imports fell the sharpest last year as higher import costs resulted in a general decline in goods ordered from overseas.

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SGR January loan payments up Sh14bn on weak shilling (Business Daily)

Kenya will spend $536.9 million (Sh84.8 billion) to service the loans, which are paid on semi-annual basis in January and July.

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Jubilee-Allianz Kenya appoints insider as new principal officer (Business Daily)

Sylvester Nzioka to head of the business in Kenya, succeeding Adja Samb who has led the insurer since July 2021.

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Sasini raises dividend by half despite 53pc profit drop (Business Daily)

Sasini's net profit fell from a seven-year high of Sh1.17 billion, marking a 53.6 percent decline in a period the management described as โ€œextremely ...

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Kenya Power customer defaults hit Sh35bn (Business Daily)

Kenya Power's unpaid customer bills shot up by Sh16 billion in the year ended June 2023.

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Treasury raises borrowing target by Sh168 billion (Business Daily)

The Treasury now says it plans to borrow Sh886.6 billion during the 2023/24 financial year.

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KQ suffers passenger data breach in cyber attack (Business Daily)

The cyber attack led to unauthorised access to police investigation reports, phone numbers, email addresses and passports.

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Private companies' beneficial owners search fee at Sh600 (Business Daily)

Kenyans will pay Sh600 to search for beneficial owners of private companies in the latest effort by the government to increase revenue collection.

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Mauritian firm cleared to buy Kenya Bottling Company (Business Daily)

CAK has approved the unconditional acquisition of the entire issued share capital of Kenya Bottling Company Limited.

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Cash-rich firms reap bumper gains from rising interest rates (Business Daily)

Analysis of listed firms shows multiple companies hold substantial amounts of cash in hand while also retaining low debt levels.

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