Year: 2022
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Economy
Kenya now owes China over Ksh.3 billion in delayed payments
Kenya has recently been struggling to repay her debt to Chinese-owned companies. Recent record by Auditor General Nancy Gathungu shows…
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Markets
Kenya shilling hits record low to 114.4 units against dollar
The Kenyan shilling depreciated by 0.2 percent against the US dollar, to start the week at Ksh.114.4, partly attributable to…
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Markets
List of fully approved coffee brokers in Kenya
The Coffee Exchange Regulations were gazetted by the Cabinet Secretary of the National Treasury and Planning on April 3, 2020.…
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Politics
South Africa’s President Ramaphosa says NATO responsible for Ukraine crisis not Russia
South African president, Cyril Ramaphosa says while his government can remain neutral regarding the current conflict between Russia and Ukraine,…
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Economy
IMF approves Ksh.14.5 billion loan to Uganda
The International Monetary Fund is giving Uganda an additional Ksh.14.5 billion as part of an Extended Credit Facility Arrangement. In…
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Corporate
NBK posts Ksh.1.1 billion net profit for full year ended December
National Bank of Kenya (NBK) has posted Ksh.1.1 billion net profit for the full-year ended December 31, 2021. The surge…
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Corporate
Centum Real Estate appoints Kenneth Mbae as new MD
Centum Real Estate Limited (Centum RE) has appointed Kenneth Mbae as Managing Director effective March 17, 2022. Prior to this…
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Corporate
Ruai garbage power plant to cost over Ksh.20 billion
Kenya Electricity Generating Company, (KenGen) and Nairobi Metropolitan Service (NMS) have settled on building Ruai garbage power plant which will…
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Economy
All boda riders to acquire digital plates in new directive
Governor Ann Kananu has announced biometric plates with outstanding colour codes for all Nairobi Boda Boda riders. This directive follows…
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Economy
Kenya secures Ksh.86 billion from World Bank on conditions
Kenya has received a new Ksh.86 billion loan from the World Bank to help the country recover from coronavirus ravages.…
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