Markets
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E.A Cables in talks to restructure its current loans after liquidation suit
Cable Manufacture East African Cables has announced that it is in the process of restructuring nearly a fifth of its…
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SBM Bank files petition to liquidate E.A Cables over Ksh285m loan
Listed electrical cables manufacturer, East African Cables risks closing its business after SBM Bank (Kenya) filed a petition in the…
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CBK signals commercial banks to lower lending rates
Hope for cheaper loans to Kenyans received a further boost on Monday when Central Bank of Kenya’s (CBK) Monetary Policy…
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Kenya lists its first green bond on the London stock exchange
Kenya’s first-ever green bond was listed on the London Stock Exchange, becoming the first Kenyan shilling bond to be listed…
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Diaspora remittance for December increased to Ksh25 bn
Monthly diaspora remittance inflows to Kenya increased to 25 billion shillings in December 2019 up from nearly Ksh22 billion in…
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Toyota recalls 696,000 vehicles over fuel pumps fault
Toyota has raised an alarm over a fault in fuel pump in its vehicles that were manufactured the year 2018/19.…
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Earnings from tourism sector up 3.9 pc to KSh.163.5 billion.
Kenya’s earnings from tourism rose by 3.9 percent last year to Ksh163.56 billion shillings, due to a slight increase in…
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Reasons behind Nakumatt downfall; retailer administrator Peter Kahi speaks [video]
Local retailer Nakumatt Supermarket ceased operations on Tuesday, January 7, 2020, after creditors approved the sale of assets to clear…
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Kenya leads in mobile money transactions in Sub-Saharan Africa
The World Bank has ranked Kenya as a country with the highest user of Mobile Money Transactions in Sub-Saharan Africa.…
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KTDA tea prices rise marginally in last auction of 2019
Various types of tea being sorted at Gitugi Tea
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