Business
Kenya’s inflation at 5-year high of 7.9%
June 30, 2022
Kenya’s inflation at 5-year high of 7.9%
Kenya’s inflation accelerated to a record high in June amid increased costs of food and high fuel prices which have…
KRA announces mass property auction including 194 high-end cars; how to pace bid
June 27, 2022
KRA announces mass property auction including 194 high-end cars; how to pace bid
The Kenya Revenue Authority (KRA) has invited interested bidders for its auctioning exercise scheduled for two days beginning June 28,…
Proparco, IBL Group acquire Ksh.3.7 billion stake in Naivas Supermarket
June 27, 2022
Proparco, IBL Group acquire Ksh.3.7 billion stake in Naivas Supermarket
Naivas Supermarket has sold extra shares worth Ksh.3.7 billion to three new foreign investors in its new expansion strategy. The…
British International Investment to invest up to Ksh.23 billion in African hydropower
June 27, 2022
British International Investment to invest up to Ksh.23 billion in African hydropower
British International Investment, the UK’s development finance institution, is joining Norfund, the Norwegian Investment Fund for developing countries, in its…
HF Group appoints Anne Kimari its Non-Executive Director
June 27, 2022
HF Group appoints Anne Kimari its Non-Executive Director
Anne Kimari has been appointed as an Independent Non-Executive Director of HF Group Board of Directors, w.e.f 24th June 2022.…
Treasury fails to meet June Bond target, raises Ksh.19.6 billion
June 27, 2022
Treasury fails to meet June Bond target, raises Ksh.19.6 billion
The National Treasury failed to meet its June 23, 2022 tap sale of Ksh.25 billion when it managed to raise…
Kenya’s dollar crisis sees forex reserve plummet 1% to Ksh.944 billion
June 27, 2022
Kenya’s dollar crisis sees forex reserve plummet 1% to Ksh.944 billion
Kenya’s usable foreign exchange reserves plummeted to Ksh.944.9 billion in the week ended June 24 amidst outcry by manufacturers and…
Kenya shilling now 0.2 units shy to hit 118 level against Dollar
June 27, 2022
Kenya shilling now 0.2 units shy to hit 118 level against Dollar
Kenya Shilling buckled further against the US Dollar Monday, with only o.25 units shy of hitting the 118 level. Data…
Russia on brink of default as debt deadline looms
June 27, 2022
Russia on brink of default as debt deadline looms
Russia is on the brink of its first debt default since 1998 as the Sunday deadline to make a $100m…
List of websites to be blocked in Kenya over copyright infringement
June 24, 2022
List of websites to be blocked in Kenya over copyright infringement
Internet Service Providers (ISP) in Kenya have been accused of failing on their mandate to comply with the revocation notice…