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Business news highlights

TopUp Mama looking to solve sourcing challenges for restaurants

Tech Crunch | by Annie Njanja Stock-outs, unpredictable prices of farm produce and a lack of working capital are among the challenges that plague small...

Cost of making calls to regional countries rise

Business Daily | by John Mutua The average cost of making calls from Kenya to other African countries increased by up to Sh5 per minute...

Threat of high gas prices in KRA standoff with truckers over tax

Business Daily | by John Mutua The snarl-up of trucks carrying cooking gas at the Namanga border looks to continue after the taxman said it...
safaricom plc

Higher taxes, Ethiopia entry cut Safaricom’s profit to Sh67b

The Standard | by Frankline Sunday Mobile service provider Safaricom has recorded Sh67.5b in after-tax profit for the financial year ended March 2022, with earnings from M-Pesa...

M-Pesa’s total transactions value hits Sh30 trillion mark

People Daily | by Noel Wandera Kenyans have a penchant for requesting that any M-Pesa money sent to them should have extra money for withdrawal...

Manufacturers protest new KRA fuel, beer tax powers

Business Daily | by Constant Munda Manufacturers want the proposed powers to exempt excisable goods like fuel, beer and bottled water from annual price raises...
equity bank group holdings

Equity’s quarter one net profit on income climbs 36pc to Sh11.8b

The Standard | by Patrick Alushula Equity Group’s net profit for the first quarter of the year has risen by 36 per cent to Sh11.86...
safaricom house

Safaricom employs 300 in preparation for starting operations in Ethiopia

The Standard | by Macharia Kamau Safaricom is readying to start its operations in Ethiopia this year. The firm said that Safaricom Telecommunications Ethiopia had covered much...