Uchumi Supermarkets swung to an loss after tax of 3.2 billion shillings ($31.37 million) for its year ended June from a profit of 491 million shillings in the previous period, it said on Friday.
Kenya's flower farmers are facing tough times ahead as El Nino rains pound several parts of the country, which is set to adversely affect production.
NIC Bank achieved an 8.5 percent rise in pretax profit for the first nine months of this year to 5.146 billion shillings ($50.43 million), the lender said on Wednesday.
Sales of light commercial trucks helped push new vehicle sales in Kenya to 16,711 units in the first 10 months of 2015, 15 percent higher than in the same period last year, the head of the industry's association said on Tuesday.
Hundreds of layoffs at several Indian start-ups have sparked fears the bubble is starting to burst for the country's e-commerce companies, amid claims by analysts that many of them are overvalued.
23 November 2015, 20:30
What is your matatu route number and have you ever wondered who came up with these route numbers?
20 November 2015, 20:31
Nine-Months ended September 2015 group total interest income of 18.54 billion shillings versus 17.02 billion shillings year ago.
20 November 2015, 20:31
Kenya's President Uhuru Kenyatta said that lack of coordination among government agencies fighting corruption was slowing the fight against graft.
20 November 2015, 13:13
Facebook is trying to ease the heartache of breaking up by introducing a new feature to the social network.
19 November 2015, 20:30
A washed-out road in Kenya has blocked the flow of goods from Kenya's Indian Ocean port of Mombasa for a second straight day, officials said on Wednesday, choking the main trade route into East Africa.
19 November 2015, 18:11
The rolling hills in central Kenya where Brian Abu grew up provided a perfect training ground for the 27-year-old to master life's skills including agility, resilience and courage.
18 November 2015, 20:35
East Africa's biggest port of Mombasa will spend 100 million shillings ($980,392.16) to build a new cruise ship terminal aimed at boosting tourism, port management.
18 November 2015, 07:07
Central Bank of Kenya (CBK) has put a moratorium on the licensing of new commercial banks.
17 November 2015, 14:11
Mombasa tourism industry is set to receive a major boost following the arrival of a cruise ship form Seychelles that had over 668 tourist and 300 crew members on board.
17 November 2015, 09:44
Equity Bank has withdrawn a notice it had sent to customers warning them of higher interest rates, saying it had reviewed its decision after yields on government securities tumbled, its chief executive said.
13 November 2015, 17:59
Nigerian billionaire Aliko Dangote typifies the new "African lions" whose business empires are winning a competitive edge over foreign multinationals because of their better grasp of local markets.
13 November 2015, 10:41
Africa’s number 1 hotel booking website, Jovago.com has hit a new milestone by launching the Swahili language version of their website.
12 November 2015, 11:24
Kenya Airways has started implementing a turnaround plan following three-and-a-half years of losses, the chief executive said on Thursday, after the carrier announced a slightly narrower pretax loss for the six months to September.
11 November 2015, 20:37
Kenya's tax authority has launched a campaign to encourage people to report evasion and to crack down on staff misconduct, it said, after media allegations of corruption.
11 November 2015, 17:58
Centum Investment Company reported on Wednesday a 75 percent rise in pre-tax profit at KES 2.246 billion ($22 million) for the six months to September 30.
11 November 2015, 09:58
In response to recent developments in the financial sector, the Central Bank of Kenya board chairman Mohamed Nyaoga is promising a tough supervisory regime in the country’s financial sector.
10 November 2015, 18:31
Local African companies have gained a competitive edge on the continent over their multinational counterparts and are making inroads where overseas players once dominated, says a report.
10 November 2015, 08:34
French telecoms giant Orange said on Monday it had sold its 70 percent stake in Telkom Kenya to UK private investment firm Helios Investment Partners.
10 November 2015, 07:06
The government plans to reform company law in order to allow foreign firms to establish local branches that can own 100 percent, a senior official said on Monday.
09 November 2015, 17:56
LG Electronics' mobile business logs first loss in 6 quarters as smartphone competition bites