Month: January 2023
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Markets
Coffee regulator to on-board five CMA-licensed brokers, finally
The Capital Markets Authority (CMA) licensed coffee brokers will now be on-boarded by the coffee regulator in Kenya, ending a…
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Economy
Global recession threat to see growth down 1.7% in 2023 – World Bank
The global economy is projected to grow by 1.7% in 2023 and 2.7% in 2024, the World Bank has said.…
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Economy
Parastatals presiding over Ksh.1.1 trillion stalled projects, says Treasury
The National Treasury is now charming offensive against State Owned Enterprises (SOEs), better known as parastatals over their continued reliance…
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Corporate
Cytonn sues MP over defamation as it counts millions in losses
Cytonn Investments Management PLC has run to court over defamatory remarks made against it, as it continues to count millions…
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Economy
MPs retreat in Mombasa hit snag over CDF
A Parliamentary retreat in Mombasa by Members of Parliament hit a snag Monday in what was seen as a protest…
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News
US hedge fund Citadel makes Ksh.1.9 trillion profit, largest in record
Citadel made a record $US16 billion (Ksh.1.9 trillion trillion) in profit for clients last year, the biggest dollar gains by…
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Markets
State seeking Ksh.10 billion for budget support in Bond Market
The Kenyan government is seeking to raise an additional Ksh.10 billion for the budgetary support in the financial year 2022/23.…
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Sport
Lucky Kenyan scoops smart TV after bidding with Ksh.5 on Bids Afi
A lucky Kenyan walked away with a smart TV after bidding with Ksh.5 bob on Bids Safi. Grace, who could…
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Economy
Microsoft announces cut of 10,000 jobs
Microsoft announced that it is cutting 10,000 jobs, less than 5 percent of its total workforce. The cuts were “in…
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Economy
List of economic activities set for Ksh.39 billion Dongo Kundu SEZ project in Mombasa
The Kenya Kwanza government has laid downs strategy to start construction work at the Dongo Kundu Special Economic Zone in…
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