Business
Bitcoin has no future as payment network, says FTX owner Bankman
May 16, 2022
Bitcoin has no future as payment network, says FTX owner Bankman
Cryptocurrency exchange FTX’s founder has said that bitcoin has no future as a payments network and criticized the digital currency…
Kenya looks outside EAC for maize import as flour price hits Ksh.149 per 2kg
May 16, 2022
Kenya looks outside EAC for maize import as flour price hits Ksh.149 per 2kg
The Kenyan government now says it will import maize in bulk to cushion Kenyans from the rising price of maize…
Elon Musk puts Ksh.5 trillion Twitter purchase deal on hold over fake accounts
May 16, 2022
Elon Musk puts Ksh.5 trillion Twitter purchase deal on hold over fake accounts
Elon Musk’s Ksh.5 trillion Twitter purchase deal has been put on hold over existing fake accounts as the trillionaire waits…
KRA denies increase of taxes on cooking gas
May 13, 2022
KRA denies increase of taxes on cooking gas
Kenya Revenue Authority (KRA) on Friday denied an increase in taxes on Liquid Petroleum Gas (LPG).Some media houses had reported…
Court orders Uhuru to make Ksh.477 billion SGR contract with China public to Kenyans
May 13, 2022
Court orders Uhuru to make Ksh.477 billion SGR contract with China public to Kenyans
The Kenyan government has been ordered to make the 605km long Standard Gauge Railway (SGR) contract public to Kenyans.This follows…
Kenyans borrowed Ksh.151.4 billion from Fuliza in 2021
May 13, 2022
Kenyans borrowed Ksh.151.4 billion from Fuliza in 2021
Quick loans from Fuliza surged by 43 percent to Ksh.502.6 billion in 12 months to April 2022 from Ksh.351.2 billion.This…
Laikipia County to float Ksh.1.16 billion bond after Cabinet nod
May 13, 2022
Laikipia County to float Ksh.1.16 billion bond after Cabinet nod
The Cabinet meeting chaired by President Uhuru Kenyatta Thursday approved Laikipia County to float its Ksh.1.16 billion infrastructure bond.This comes…
Kenyans spent Ksh.169.1 billion on betting via M-Pesa in 2021
May 13, 2022
Kenyans spent Ksh.169.1 billion on betting via M-Pesa in 2021
Kenyans spent Ksh.169.1 billion on betting via M-Pesa in 2021, a 23.8 percent jump from Ksh.136 billion that was spent…
Equity Bank Q1 net profit up 36% to Ksh.11.8 billion
May 12, 2022
Equity Bank Q1 net profit up 36% to Ksh.11.8 billion
Equity Bank’s net profit surged by 36 percent to Ksh.11.8 billion in the first quarter of 2022 from Ksh.8.7 billion…
M-Pesa revenue hits record Ksh.100 billion mark 15 years on
May 12, 2022
M-Pesa revenue hits record Ksh.100 billion mark 15 years on
Safaricom’s mobile money wallet, M-Pesa hit a Ksh.100 billion mark in revenue, to stand out as the telco’s top revenue…