Asian stocks were mixed on Monday as inflation fears and concerns about low economic growth weighed on markets. Investors will be looking to the release on Wednesday of notes from the latest Federal Reserve committee meeting for clues on further rate hikes by the U.S. central
Inflation in Kenya for the month of May jumped to 7.1 percent from 6.4 percent in April pointing out the high cost of living among Kenyans. In a report by the Kenya National Bureau of Statistics (KNBS), the 7.1 percent inflation was due to the high
Kenya’s national carrier Kenya Airways (KQ) has adopted a cashless mode of payment at its two major airports. Both Moi International Airport (Mombasa) and the Kisumu International Airport (KIA) will start receiving payments via credit cards or M-Pesa effective June 1, 2022. “The implementation of a cashless
Sanlam Kenya narrowed its profit loss by 13.4 percent to Ksh.542 million for the full year ended December 31, 2021. The Nairobi Securities Exchange (NSE)-listed company has its profit loss at Ksh.626 for the full year ended December 2020. Sanlam attributed the performance to a challenging
The National Treasury Cabinet Secretary Ukur Yatani has proposed to raise Kenya’s debt ceiling from the current Ksh.9 trillion to Ksh.10 trillion. In a gazette notice published on May 26, CS Yatani said that “pursuant to the provision of section 50 (2) of Public Finance Management
A Monkeypox disease worry among humanity has taken shape and is spreading in communities and countries where it never existed. Experts now advise that abstinence from sex will therefore prevent the spread of the disease which has infected 257 people worldwide, according to the World Health
A report by the Auditor General Nancy Gathungu shows Kenya defaulted on three loans totaling Ksh.5.1 billion. The loan servicing was meant to construct Arror, Kimwarer and Itare dams. A report for the year ended June 30, 201 reveals that Kenya defaulted on servicing Ksh.5.1 billion for
Fishery is a major economic activity in Busia, thanks to Lake Victoria which supports a huge population of fish including Nile Perch, Tilapia and Omena. Busia also introduced emerging alternative fish culture techniques, such as aquaculture that include open water Cage culture, Land-based ponds/aquaculture parks and
Drinking a cup of coffee every day may just lower the risk of early death. This is based on a publication by the Annals of Internal Medicine. The groundbreaking study, however, had the scientists caution that the finding may not be down to the brew itself. According
The European Union agreed on Monday night to phase out dependency on Russian gas, oil and coal said European Commission President Ursula von der Leyen. The ban will immediately cover more than two-thirds of oil imports from Russia. Von der Leyen said the ban will "effectively cut
