The impending second phase exercise by the government on Mau eviction seems to have put Deputy President William Ruto in a catch 22 situation, not knowing whether to support the government's decision or defend the squatters since they all hail from his stronghold where he
The Kenya Revenue Authority (KRA) on Friday destroyed illicit excisable products with a market value of over Sh1.5 billion, in Stoni Athi, Kajiado County The products were seized from various traders in Nairobi and its environs, and for a while, have been in circulation, contravening regulations as provided
Kenya’s stock of expensive loans rose to 36 percent of the total debt, even as cheap loans from multilateral institutions like World Bank declined from 45 percent to 30 percent three years back. Today, Kenya’s debt to China stands at Ksh650 billion after President Uhuru Kenyatta went
Kenya’s telco giant Safaricom has been noted to dominate all listed companies at Nairobi Securities Exchange (NSE) with a new peak after its market valuation exceeded 50 percent of the Ksh2.2 trillion stock market. By close of Thursday, August 29, Safaricom traded at Ksh1.3 trillion, indicating
A Scottish judge refused to block Boris Johnson’s plan to suspend Parliament, dealing a blow to lawmakers who argued that there isn’t enough time to thwart a no-deal Brexit, Bloomberg News reports. Judge Raymond Doherty in Edinburgh held off granting an emergency injunction against the prime minister’s plan saying
National Bank of Kenya (NBK) has recorded a Ksh150 million half year net profit for the year ending June 30, attributed to the savings on interest expenses, with key revenue streams remaining flat The lender’s savings from interest expenses were about Sh300 million, attributable to a reduction
Shuttle-hailing firm SWVL has announced plans to invest Ksh1.5 billion ($15 million) into Kenyan transport operations. The start-up will enable riders to hail shuttles operating on fixed routes and timings from their mobile phones. SWVL Co-Founder and CEO, Mostafa Kandil, made the announcement in a press
Nairobi businessman Francis Mburu has filed a fresh suit demanding Ksh.36 billion for Ruaraka land compensation claiming that the state took it from him. Through his companies Afrison Export Import Limited and Huelands Limited, the business tycoon sued the Nairobi City County, National Land Commission (NLC) and the Attorney General. He
Barclays Bank of Kenya has reported a profit after tax of Sh3.9 billion for the period ended 30th June 2019, a 2.6 per cent growth compared to a similar period last year. The narrow growth in net profit from Ksh.3.8 billion in 2018 is attributable to additional investments under
Chairman of Council of Governors and Kakamega County Governor Wycliffe Oparanya has announced that all Counties in the country will be shut down on September 16. His resolution comes in the wake of impasse over Division of Revenue to the Counties, a matter that has elicited debate among legislature
