Business

Kenya Shilling deeps 1.8% year-to-date on continued debt accumulation

Kenya Shilling deeps 1.8% year-to-date on continued debt accumulation

The Kenyan shilling has recorded a Year-to-date depreciation of 1.8 percent against the US Dollar due to continued pressure against…
National Bank enters deal with Mombasa for health, Wash project financing

National Bank enters deal with Mombasa for health, Wash project financing

The National Bank of Kenya (NBK) entered into a deal with the County government of Mombasa to provide financing for…
Energy transition, investment and regulations dominate talks at Mining Indaba 2023

Energy transition, investment and regulations dominate talks at Mining Indaba 2023

As Africa progresses towards its net zero emissions targets, it needs to transition from a fossil fuel-based energy system to…
President Ruto arrives in Addis Ababa, Ethiopia

President Ruto arrives in Addis Ababa, Ethiopia

President William Ruto arrives in Addis Ababa, Ethiopia, for bilateral talks with Prime Minister Abiy Ahmed and the launch of…
CAS positions created lawfully – court rules

CAS positions created lawfully – court rules

The Employment and Labour Relations Court has thrown out a case challenging the provision of the Chief Administrative Secretary (CAS)…
President Ruto officially opens AAR Hospital – Kiambu Road

President Ruto officially opens AAR Hospital – Kiambu Road

The Government will refine and repackage incentives to attract more healthcare providers in the country. President William Samoei Ruto said…
Kenya defaults on Ksh.57.7 billion KQ loan

Kenya defaults on Ksh.57.7 billion KQ loan

Kenya has been issued a default notice over failure to repay Ksh.57.7 billion. The notice was issued by the United…
U.S. to sell 26 million barrels of crude oil from reserve

U.S. to sell 26 million barrels of crude oil from reserve

The United States is selling 26 million barrels of crude oil from the Strategic Petroleum Reserve, a release that had…
NBK Appoints George Odhiambo as Managing Director

NBK Appoints George Odhiambo as Managing Director

The National Bank of Kenya (NBK) Board of Directors has appointed George Odhiambo as the Managing Director. The position was…
Kenya’s Forex Reserves slump to a 9-month low of Ksh.869.4 billion

Kenya’s Forex Reserves slump to a 9-month low of Ksh.869.4 billion

Kenya’s Foreign Exchange Reserves (Forex Reserves) plummeted to a 9-month low as the shilling continues to weaken against the US…
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