Economy
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Absa Bank Kenya Net Profit up 4% to Ksh.6.2 Billion in Q1 2025
Absa Bank Kenya PLC has reported a 4% growth in net profit to Ksh.6.2 billion for the quarter ending March…
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Trump Postpones 50% Tariffs on EU Goods to July
President Donald Trump has delayed the implementation of a proposed 50% tariff on European Union imports until July 9, 2025.…
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Reason Why Uganda has Cut Military Ties with Germany
Uganda’s military has severed all military cooperation with Germany after it accused Berlin’s ambassador to Kampala of involvement in “subversive…
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Germany Drops TotalEnergies from Sustainability Funds Over Human Rights Concerns in Uganda
Germany’s Union Investment has removed French energy giant TotalEnergies from its sustainability funds and is calling for an independent human…
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Uganda Signs $800 Million 3-yr SGR Deal with Islamic Bank
Uganda has signed a $800 million financing agreement with the Islamic Development Bank to support projects, including a planned railway…
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Kenya Power Cleared to Proceed with Ksh.1.2 Billion Transformer Tender
Kenya Power has been granted the green light to finalize a Ksh.1.2 billion transformer procurement deal, following a ruling by…
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High Court Sets New Date to Hear Petition on IEBC Nominees
The High Court has delayed the hearing of a petition which seeks to stop the vetting and approval of President…
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Why Kenya’s Wealthy Are Moving Away from Lifestyle Assets and Going Local
Kenya’s High Net-Worth Individuals (HNWIs) are refocusing their investment strategies from the traditional lifestyle assets, towards generating revenue and offering…
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Kenya’s Tax Amnesty and Road to Clean Taxpayer Data
By Linda Onyango Kenya’s extended tax amnesty now running through to end of June 2025 presents a critical opportunity for…
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Construction Sector Shrinks to an All-Time Low of 0.7% to Ksh.528 Billion
Kenya’s construction industry shrank to an all-time low of 0.7 percent in 2024, a reversal from the 3.0 percent growth…
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