Business

National Bank posts Ksh.828 million net profit for FY 2022

National Bank posts Ksh.828 million net profit for FY 2022

National Bank of Kenya has posted a profit after tax of Ksh.828 million for the financial year ending December 31,…
Kenya, Italy agree to remove non-tariff barriers for trade, investment

Kenya, Italy agree to remove non-tariff barriers for trade, investment

Both Kenya and Italy have agreed to negotiate on the avoidance of a double-taxation agreement that will usher in higher…
Court throws out lawsuit against Ksh.648.5bn oil project linking Tanzania, Uganda

Court throws out lawsuit against Ksh.648.5bn oil project linking Tanzania, Uganda

A court in France has thrown out a lawsuit filed against TotalEnergies by two French and four Ugandan groups over…
Kenya faces Ksh.259.3 billion debt maturity in June as yields on Eurobond record mixed performance

Kenya faces Ksh.259.3 billion debt maturity in June as yields on Eurobond record mixed performance

The yields on Eurobonds recorded a mixed performance in the week ended March 10, when performance on the 12-year Eurobond…
List of Ruto’s latest appointees to various parastatals

List of Ruto’s latest appointees to various parastatals

President William Ruto has made new appointments in various parastatals. They include the President’s trusted personnel who will help him…
Kenya could be heading the Zimbabwean way over currency crisis

Kenya could be heading the Zimbabwean way over currency crisis

Kenya is facing the worst currency crisis, a scenario last witnessed in 2012 even as the Central Bank of Kenya…
National Bank launches product to empower women in business

National Bank launches product to empower women in business

The National Bank of Kenya (NBK) has launched a new product in the market aimed at empowering women entrepreneurs in…
UN boss Guterres faults wealthy nations for causing debt distress on Africans and must pay

UN boss Guterres faults wealthy nations for causing debt distress on Africans and must pay

The United Nations (UN) has faulted the developed economies around the world for causing debt distress in 25 Least Developed…
Moody’s reaffirms ATI A3 rating with a positive outlook

Moody’s reaffirms ATI A3 rating with a positive outlook

Moody’s Investors Service (“Moody’s”) has affirmed the A3 insurance financial strength rating (IFSR) of the African Trade Insurance Agency (ATI)…
Bumpy ride for importers as Kenya’s Forex reserves drop below EAC’s threshold

Bumpy ride for importers as Kenya’s Forex reserves drop below EAC’s threshold

Kenya’s Foreign Exchange Reserves dipped to its lowest starting March, falling below the East African Community’s (EAC) statutory threshold of…
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