Maudhui House

Safaricom has posted Kes 33.1 billion net profit after tax for the half year, a six per cent decline from Kes.35.6 billion last year on zero rating of M-Pesa transactions since March this year. Read also: KCB on the brink to become the first Kes 1 trillion local bank Mpesa revenue declined 14.5 per cent to Kes35.9 billion from kes42 billion...

What does a world without cigarettes look like? This question is currently at the heart of debate by scientists, public health experts and sociologists from across the world in tandem with changing public attitudes towards smoking. Part of the answer is coming from cigarette companies that have over years invested billions of dollars into research and development for alternative products reducing the risk to...

Stanbic Holdings has replaced Kenya Airways (KQ) as part of the elite club companies that make up the benchmark Nairobi Securities Exchange 20 share index. KQ which is being nationalized has also been replaced by Jubilee Holdings as part of the NSE 25 index The two indices are made up of top-performing companies selected based on a weighted market performance during...

Kenyans are working more hours for lesser pay after firms used the coronavirus pandemic to cut workers’ pay and have not readjusted them as the country re-opens. The Covid19 tracker, a survey by Financial Sector Deepening shows that Kenyan are currently working a 40 hour week and making Kes 3,200. Read also Kenyans turn to casual labour amid...

If all 29 tier two and tier three banks met outside Kencom house and were let into KCB's iconic building, they will fit right into the bank with all their assets in tow. Kenya’s smaller 29 banks have an average asset size of Kes1 trillion combined, yet KCB Bank alone has an asset size of Kes953 billion. The biggest lender in...

Have you noticed an increase in wash women around your neighbourhood or an extra hand of a porter offering to carry your goods after shopping? That may be a former teacher, barber or welder or she might have been working in bars or the hotels sector. Data from Financial Sector Deepening (FSD) shows that casual jobs jumped to 20 per cent...