The Energy Regulatory Commission (ERC) is reviewing the Energy (liquefied petroleum gas) Regulations 2009, to not only set prices for cooking gas refilling by oil marketing companies, but also to determine how much the various types of gas cylinders should cost. ERC plans to…

Was April an economically friendly month for you? Well, we are set to find out, any time today, when Kenya National Bureau of Statistics (KNBS) announces April’s Consumer Price Index (CPI). Inflation rate currently stands at 15.61% down from 16.69% in February.

The rains that have rocked Nairobi and other parts of the country in recent days can be looked as both a blessing and a curse. Consumer comfort depends a great deal on the amount of rainfall this country receives through the year. Food production and electricity generation in Kenya…

As regional retailer, Nakumatt Holdings, steps up its market development plans, the retail chain is now all set to open the doors to Kenya’s largest multi-media store. In line with its strategic focus to provide lifestyle enhancing products and services, Nakumatt Holdings will in coming days open the door to…

The promotional offer dubbed Hola that Telkom Kenya has been running is now going to be a permanent tariff. The service gives consumers a flat rate of Shs 10 for both voice and data in a day within the network. Telkom has been running the offer for a month and…

Gainers Price        Change Crown Berger Limited 27.50 8.91% Athi River Mining 185.00 2.78% Total Kenya Limited 16.50 2.48% Sameer Africa 4.60 2.22% Unga Group Limited 10.40 1.96 Losers Price        Change British-American Investments 4.80 6.80% Standard Group Limited 21.00 6.67% KenGen Limited 8.00 4.76% Kenya Commercial Bank Limited 22.25 3.26%…

KCB Group Q1 profits up 37% to 2.43 billion

Equity Bank has reported a profit after tax of KES 2,322,787,000 for the first quarter of 2012. This is KES 5.871 billion less than they reported for a similar period last year. Loans and advances rose by 30% to KES 112,853,305,000 as compared to the loans advanced during the same…

NIC Bank Group has announced a 38 per cent increase in profit after tax for the first quarter of 2012, to hit Sh723 million. Managing director James Macharia attributes the increase in profit to growth in loan advances and an increase in non-funded income. Over a…

Kenya Power has said that the power outages witnessed in most parts of the country have bee caused by trees falling on power lines due to strong winds and heavy rains. There were earlier claims that the power outages were stage managed by company employees who wanted…