Business
CBK Raises Weekly Treasury Bill Target to Sh28 Billion as Borrowing Needs Grow
51 minutes ago
CBK Raises Weekly Treasury Bill Target to Sh28 Billion as Borrowing Needs Grow
The Central Bank of Kenya (CBK) has increased its weekly Treasury bill borrowing target from Ksh.24 billion to Ksh.28 billion,…
Angola Secures $900 Million From China for New Port Terminal
21 hours ago
Angola Secures $900 Million From China for New Port Terminal
Angola has secured a $900 million (about Ksh.116 billion) private investment to build and operate a new port terminal at…
Nedbank Secures 79% Shareholder Support to Acquire NCBA Group
1 day ago
Nedbank Secures 79% Shareholder Support to Acquire NCBA Group
South Africa’s Nedbank has secured overwhelming shareholder support for its planned acquisition of a 66% stake in Kenya’s NCBA Group.…
European Bank Forays into Senegal With €15 Million in Trade Finance Deal
1 day ago
European Bank Forays into Senegal With €15 Million in Trade Finance Deal
The European Bank for Reconstruction and Development (EBRD) has made a foray into Senegal, after the board approved a trade…
Building Wealth in Uncertain Markets
1 day ago
Building Wealth in Uncertain Markets
By David Macharia The financial world is experiencing significant volatility driven by global supply chain disruptions that continue to affect…
Finance Act 2026 Gives Digital Lenders Tax Relief, but Industry Says More Reforms Are Needed
1 week ago
Finance Act 2026 Gives Digital Lenders Tax Relief, but Industry Says More Reforms Are Needed
Kenya’s digital lending industry has welcomed several tax reforms introduced under the Finance Act 2026, saying the changes will help…
Banks Pull Back on Lending to State Corporations as Treasury Tightens Borrowing Rules
1 week ago
Banks Pull Back on Lending to State Corporations as Treasury Tightens Borrowing Rules
Commercial banks are becoming increasingly cautious about lending to Kenya’s State corporations, with new data showing a sharp decline in…
Tanzanian Billionaire Aziz Flies to Uganda as Talks Begin Over Nation Media Shutdown
3 weeks ago
Tanzanian Billionaire Aziz Flies to Uganda as Talks Begin Over Nation Media Shutdown
Tanzanian billionaire Rostam Aziz has stepped in personally to help resolve the crisis that has brought Nation Media Group’s (NMG)…
Central Bank of Nigeria Revokes 47 Licenses of Microfinance Banks
3 weeks ago
Central Bank of Nigeria Revokes 47 Licenses of Microfinance Banks
The Central Bank of Nigeria (CBN) went on a volley Wednesday when it revoked licenses belonging to microfinance banks in…
Court Tightens Rules on Redundancies in Judgement Favouring Employees
3 weeks ago
Court Tightens Rules on Redundancies in Judgement Favouring Employees
A new court ruling could make it significantly harder for companies in Kenya to lay off employees, raising the threshold…