Business
What it Means as Parliament Okays Pensions (Amendment) Bill, 2022
August 7, 2024
What it Means as Parliament Okays Pensions (Amendment) Bill, 2022
The National Assembly has passed the Pensions (Amendment) Bill, 2022, aimed at expediting the processing and payment of pensions. The…
Kenya’s Central Bank Cuts Benchmark Interest Rate in Four Years
August 7, 2024
Kenya’s Central Bank Cuts Benchmark Interest Rate in Four Years
The Central Bank of Kenya (CBK) has cut its benchmark interest rate for the first time in over four years.…
Investors Flock Seychelles, Mauritius Over Favourable Investment Terms
August 7, 2024
Investors Flock Seychelles, Mauritius Over Favourable Investment Terms
Seychelles and Mauritius have emerged as the top investment destinations in Africa, outperforming the continent in terms of economic performance,…
CBK Makes Changes to Currency Banknotes
August 7, 2024
CBK Makes Changes to Currency Banknotes
The Central Bank of Kenya (CBK) has announced changes to the Kenyan currency banknotes, in line with its mandate to…
Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘
August 7, 2024
Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘
Fitch Ratings has downgraded Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’, while maintaining a Stable Outlook.…
Mobius Motors to Cease Operations in Kenya Following Shareholders’ Decision
August 6, 2024
Mobius Motors to Cease Operations in Kenya Following Shareholders’ Decision
Kenyan vehicle manufacturer Mobius Motors is set to close its operations in Kenya after shareholders approved a plan to place…
St. Patrick’s Secondary School Ofafa and Maringo Ward Communities Gain Access to Clean Water Through KPC Foundation Initiative
August 6, 2024
St. Patrick’s Secondary School Ofafa and Maringo Ward Communities Gain Access to Clean Water Through KPC Foundation Initiative
St. Patrick’s Secondary School Ofafa students and the neighboring Maringo Ward communities now have access to clean and safe water,…
Bank of England Cuts Interest Rates to 5% for First Time Since 2020
August 1, 2024
Bank of England Cuts Interest Rates to 5% for First Time Since 2020
The Bank of England (BOE) has lowered interest rates for the first time since early 2020, a move seen as…
Adani Reports 115% Surge in Quarterly Profit Amidst Business Expansion
August 1, 2024
Adani Reports 115% Surge in Quarterly Profit Amidst Business Expansion
Adani Enterprises Ltd., led by billionaire Gautam Adani, reported a 115% increase in quarterly profit, driven by growth in its…
NSE Inaugurates Islamic Linzi Sukuk Bond
August 1, 2024
NSE Inaugurates Islamic Linzi Sukuk Bond
The Nairobi Securities Exchange (NSE) has officially launched the Linzi Sukuk bond on its unquoted securities platform. The event, held…