PCK Signs A Deal With Swift Lab- A Kenyan Drone Firm

Posted on :Friday , 22nd October 2021

Under the 3-year agreement, Swift Lab Limited, a Kenyan cargo drone company will manufacture and operate drones that can travel up to 70km and carry a payload of up to 4kg.

“We want to invest in the production of drones, it is not only our obligation as government to invest in Kenyan technology, but we are also keen on clawing back our market position as the courier and. . .

Britam Half-Year Net Earnings Rise to KSh 376.3 Million

Posted on :Wednesday , 29th September 2021

Britam Holdings Plc recorded a net profit of KSh 376.3 Million at the close of the 6 months ended on 30th June 2021 compared to a loss of KSh 1.6 Billion in the 1st half of last year.

The Group also posted a pre-tax profit of KSh 647 Million at the end of 30th June 2021 compared to a pre-tax loss of KSh 2.3 Billion in H1, 2020.

The Group's investment income. . .

NCBA's Half Year Profit Climbs 77% to KSh4.7 Billion

Posted on :Wednesday , 29th September 2021

NCBA has reported a 77 per cent increase in its half year net profit to KSh4.7 billion compared to KSh2.6 billion posted in the same period in 2020, due to increased lending activity.

The bank's total interest income, which is the primary source of revenue, climbed by 9 per cent to KSh22.5 billion at the end of the half-year period from KSh20.7 billion in the same period last. . .

Kenya's External Trade Hits KSh1.4 Trillion in H1 2021

Posted on :Wednesday , 29th September 2021

Kenya's external trade value hit KSh1.4 trillion in H1 2021, a 24.3 per cent increase from KSh1.094 trillion in H1 2020. The rise in external trade is attributed to a rebound in global and macro-economic conditions as the world re-emerges from COVID-19 related disruptions.

Imports into the country rose by 27.7 per cent to hit KSh991.5 billion, while exports rose by 16.3 per c. . .

Kenya, UK To Use Blockchain Tech To Free Up Trade Logistics

Posted on :Friday , 30th July 2021

An initiative to free up 2 way trade between the Kenya and UK was launched in London on 19th July 2021.

This was through the signing of a Memorandum of Understanding (MoU) between the Institute of Export and International Trade and TradeMark East Africa at the Kenya High Commission in London.

The Memorandum of Understanding provides a framework for collabor. . .