Business
U.K, France direct investment in Africa hit a record Ksh.14.6 trillion
June 10, 2022
U.K, France direct investment in Africa hit a record Ksh.14.6 trillion
Foreign Direct Investment (FDI) to Africa surged to a record in 2021 with the United Kingdom (U.K) and France standing…
Kenya drops Ksh.124 billion Eurobond for syndicated loan
June 10, 2022
Kenya drops Ksh.124 billion Eurobond for syndicated loan
Kenya has cancelled the planned Ksh.124.3 billion Eurobond which was set for July and is instead going for a syndicated…
Kenyan MPs award themselves Ksh.5.8 million send-off package each after August poll
June 9, 2022
Kenyan MPs award themselves Ksh.5.8 million send-off package each after August poll
Kenya’s lawmakers, drawn from both the Senate and the National Assembly have hurriedly awarded themselves a hefty send-off package as…
Debt servicing to take up 66% of Kenyans’ Ksh.1.7 trillion in taxes
June 9, 2022
Debt servicing to take up 66% of Kenyans’ Ksh.1.7 trillion in taxes
Kenya’s public debt has ballooned to Ksh.8.4 trillion record high as President Uhuru Kenyatta prepares to vacate office in August,…
KNCCI, KDC partner to accelerate credit flow to SMEs
June 9, 2022
KNCCI, KDC partner to accelerate credit flow to SMEs
The Kenya Development Corporation (KDC) and the Kenya National Chamber of Commerce and Industry (KNCCI) have entered into a strategic…
Kenya Power to save Ksh.1 billion annually from World Bank’s funded Live Line Laboratory
June 9, 2022
Kenya Power to save Ksh.1 billion annually from World Bank’s funded Live Line Laboratory
Kenya Power has launched a Ksh.340 million live line laboratory which will see Kenyans saved from perennial power cuts due…
EU releases Ksh.50 million for 300 groundnut farmers in Busia, Siaya
June 9, 2022
EU releases Ksh.50 million for 300 groundnut farmers in Busia, Siaya
Groundnut farmers from three counties are set to benefit from a Ksh.50 million European Union (EU) support programme, that will…
Kenya raises Ksh.73.7 billion in June Infrastructure Bond
June 9, 2022
Kenya raises Ksh.73.7 billion in June Infrastructure Bond
Kenya’s National Treasury managed to raise Ksh.73.7 billion in its June Infrastructure Bond issue.The Bond whose auction expired on June…
CBK goes after M-Pesa App over its hefty transactions
June 9, 2022
CBK goes after M-Pesa App over its hefty transactions
The Central Bank of Kenya (CBK) now seeks powers to regulate the fastest-growing Super Applications, better known as Super Apps…
Kenya shilling buckles for 12th time to 117 units against U.S Dollar
June 8, 2022
Kenya shilling buckles for 12th time to 117 units against U.S Dollar
Kenya’s shilling weakened against the dollar for the 12th consecutive month in June as the dampening global economic outlook accelerated…