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Kenya Power Profit Falls 18.7% to Sh24.5 Billion on Reduced Tariffs

Kenya Power profit after tax for the financial year 2024-25 declined by 18.7 per cent to Sh24.5 billion, impacted by lower electricity tariffs, reduced foreign exchange recoveries and higher finance costs linked to currency stabilisation. This is down from the Sh30.1 billion recorded in the...

CIC Insurance Group Opens Offshore Investment Opportunities for Kenyans

CIC Insurance Group has unveiled the CIC Global Balanced Special Fund, a USD-denominated balanced collective investment scheme, marking its entry into the global investment scene. The product gives Kenyan investors access to a diverse portfolio of both domestic and offshore asset investments. The Fund is...

MMTC Champions Health Equity and Investment at 80th UN General Assembly in New York

Mwale Medical and Technology City (MMTC) team participated in a series of high-level side events promoting health equity, sustainable development, and strategic investment on the sidelines of the 80th United Nations General Assembly (UNGA) in New York. The MMTC delegation, led by its visionary founder...

Kenya Airways Falls Back Into Losses With Sh12.15 Billion Half-Year Deficit

Kenya Airways (KQ) has returned to losses, posting a net loss of Sh12.15 billion for the half year ended June 30, compared to a net profit of Sh513 million in the same period last year. The national carrier attributed the downturn to aircraft shortages, with...

Weekly mortgage applications pop on stock sell-off

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Apartment vacancies rise for first time in 6 years

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