The Kenya Sugar Board has made well its intentions to revive the decade long stalled Busia Sugar Factory in Busia County. The sugar board has pre-qualified three companies who have applied for construction of the long awaited factory. Upon completion, the sugar factory is expected…
Independent oil marketers have raised concerns that wholesalers are supplying fuel to them at high prices despite the Energy Regulatory Commission announcing a price reduction last Saturday. This is threatening to create a shortage of fuel especially in regions serviced by independent fuel dealers countrywide,…
Housing Finance has reported a net profit of KES 250.3 million in the second quarter of the period ending June 30th. The 3.5% growth from the previous years’ same period results where the company posted KES 41.8 million is the slowest growth since 2008 when the mortgage lender’s half-year net profit…
Kenya Electricity Transmission Company (Ketraco) has applied to Energy Regulatory Commission for a licence to transmit and supply electrical energy in bulk throughout the country through its transmission lines. This open access power transmission system is part of the Government’s plan to lower electricity…
Co-operative Bank of Kenya has joined other lenders on the market to reduce their base lending rate. Co-op Bank has announced it will reduce its base lending rates by 1.5%, the same margin Central Bank of Kenya reduced it base lending rate…
Internet and IT Solutions Provider AccessKenya Group has now connected 400 commercial buildings on its expanding metropolitan Fibre Network in Nairobi and Mombasa. This follows an expansion plan initiated at the onset of the year to meet rising demand for fibre connectivity among its corporate…
Prime Bank has has announced that it will be reducing its base lending rate by 1.5% to 22.5% from August this year. This follows Central Bank of Kenya‘s Monetary Policy Committee decision earlier this month to reduce the Central Bank’s…
Kenyan motorists and kerosene consumers can sigh with relief after the Energy Regulatory Commission (ERC) announced price cuts on petrol, diesel and kerosene in its monthly fuel price reviews on Saturday. This is the biggest margin the regulator has reduced fuel prices since it started…
Finance management, at personal level is the headache of many people. If one has an income, they think of how to better manage it, if they do not have they look for it, either by generating or borrowing. Here are a few interesting tips from Personal…
Barely a month after marketers slashed milk prices citing stabilized supply by processors, milk prices have increased again. A half litre packet of milk which a month ago was going for between Ksh 33 and Ksh 40 now retails for up to Ksh 45. Milk prices in June reduced from…