Prime News Kenya

Current Business News in Kenya: Banking | Economics

Netflix raises prices as competition increases

Netflix Inc. raised the monthly price of its most popular plan for the first time since early 2019, a move that comes as the streaming service competes with a growing number of cheaper alternatives.

Foreign investors troop back to NSE

Foreign investors rallied back to the Nairobi Securities Exchange (NSE) with yesterday’s turnover increasing by a record 538 per cent on the back of improved investor confidence.

TikTok rejects Microsoft bid at eleventh hour

Microsoft has said that its offer to buy the US operations of hugely popular video-sharing app TikTok has been rejected, paving the way for Oracle to make a last-minute bid.

Jubilee Holdings’ profit flat at Sh1.8b

Jubilee Holdings’ net profit remained flat at Sh1.8 billion for the first six months of 2020 compared to same period last year amid devastating effects of coronavirus pandemic.