On July 26, 2021, the government of Kenya charged Deputy President William Ruto’s running mate Rigathi Gachagua with acquiring more than Ksh.7.3 billion suspected to be proceeds of crime. This was after he spent a weekend in a police cell, but denied all the charges. He was
Deputy President William Ruto has named Rigathi Gachagua his running mate in the run-up to the August 9, 2022, general election. Gachagua is the incumbent Mathira Member of Parliament and was elected on the Jubilee party ticket but shifted to United Democratic Movement (UDA) party under
The Kenyan government has been ordered to make the 605km long Standard Gauge Railway (SGR) contract public to Kenyans. This follows a landmark ruling delivered by High Court in Mombasa. Jubilee administration chaired by President Uhuru Kenyatta contracted China Road and Bridge Corporation (CRBC) in December 2014
Quick loans from Fuliza surged by 43 percent to Ksh.502.6 billion in 12 months to April 2022 from Ksh.351.2 billion. This was supported by 6.9 million Kenyans who enrolled on Fuliza from 5.9 million as of March 2021, a 16.4 percentage point increase. Loan size on Fuliza
The Cabinet meeting chaired by President Uhuru Kenyatta Thursday approved Laikipia County to float its Ksh.1.16 billion infrastructure bond. This comes a month after GCR Ratings gave Laikipia County a stable outlook with improved ratings due to increased revenue collection and reduced pending bills. GCR Ratings upgraded
Kenyans spent Ksh.169.1 billion on betting via M-Pesa in 2021, a 23.8 percent jump from Ksh.136 billion that was spent in the year 2020. This is according to Safaricom’s financial report released May 12 when it recorded a 1.7 percent drop in its net profit to
Equity Bank’s net profit surged by 36 percent to Ksh.11.8 billion in the first quarter of 2022 from Ksh.8.7 billion in quarter one of 2021. This has been catapulted by growth in interest and non-interest income. Net interest income grew 31 percent to Ksh.26.67 billion in line
Safaricom’s mobile money wallet, M-Pesa hit a Ksh.100 billion mark in revenue, to stand out as the telco’s top revenue contributor 15 years after its establishment. M-Pesa was introduced in Kenya on March 6, 2007. According to Safaricom’s 2021 full year financial report released Thursday, M-Pesa revenue
President Uhuru Kenyatta and his deputy William Ruto met on Thursday at State House Nairobi during a Cabinet meeting. "His Excellency President Uhuru Kenyatta is today, at State House, Nairobi, chairing a full Cabinet Meeting during which several matters of national and international importance will be
CCI Global, the largest international contact centre operator in Africa, will open a state-of-the-art office at Tatu City. The gesture will see more than 4,000 jobs created for Kenyans. CCI’s facility will be developed by Gateway Real Estate Africa (GREA), a private development company specialising in turnkey
