KPLC Records Huge Profit Margins Despite Increased Operational Costs
Kenya Power and Lighting Company has reported a profit of Ksh 319 million for the half-year period ending December 2023,…
Category: Business
Kenyans Face Increased Deductions As Contributions Kick Off In July 2024
In a significant development for healthcare in Kenya, citizens will commence contributing to the Social Health Insurance Fund (SHIF) starting…
Spenomatic Kenya Suffers Yet Another Blow As Court Upholds The PPARB Decision On EAPC Ltd Tender
By The Weekly Vision Team Barely a month after the Public Procurement Administrative Board cancelled a multi-million-dollar tender awarded to…
Rot At Gusii Mwalimu Sacco Exposed In Court Over Attempt To Swindle Insurance Company
‘It was the complainant’s case that the money withdrawn from her account was Ksh. 8,000. It is thus not clear…
New Draft Rules By CBK Bring Strict Oversight And Stiffer Penalties Against Banks
The Central Bank of Kenya (CBK) is flexing its regulatory muscle with a robust set of draft rules aimed at…
Kenya Power Exceeded Customer Connections In 2023
In the six months leading up to December 2023, Kenya Power made significant strides in its energy distribution, with geothermal…
I&M Bank & Mastercard Sued At The East Africa Court Of Justice For Unlawful Imprisonment Of 150 Customers
It is claimed that on or around January 2023, the Rwanda Investigation Bureau (RBI), an investigation organ of the Rwandan…
Kenya’s Debt Surged To Ksh. 11.1 Trillion In 2023
Kenya’s debt burden soared to KSh 11,139.7 billion by December 31, 2023, marking a substantial increase of KSh 1,930.9 billion…
Judges Order Lloyd Masika To Pay Stanbic Bank Ltd. Ksh. 44m Over Misleading Valuation Report
By The Weekly Vision Team The once highly respected property management firm Lloyd Masika Limited has been caught flat-footed after…
Frank Mwiti To Lead Nairobi Securities Exchange As CEO
Frank Mwiti is set to assume the role of CEO at the Nairobi Securities Exchange (NSE), succeeding Geoffrey Odundo, whose…