Business
Sanlam narrows profit loss by 13.4% to Ksh.542 million in 2021
May 31, 2022
Sanlam narrows profit loss by 13.4% to Ksh.542 million in 2021
Sanlam Kenya narrowed its profit loss by 13.4 percent to Ksh.542 million for the full year ended December 31, 2021.…
Kenya seeks to raise debt ceiling to Ksh.10 trillion
May 31, 2022
Kenya seeks to raise debt ceiling to Ksh.10 trillion
The National Treasury Cabinet Secretary Ukur Yatani has proposed to raise Kenya’s debt ceiling from the current Ksh.9 trillion to…
Kenya defaulted on loan repayment over Kimwarer, Arror and Itare dams
May 31, 2022
Kenya defaulted on loan repayment over Kimwarer, Arror and Itare dams
A report by the Auditor General Nancy Gathungu shows Kenya defaulted on three loans totaling Ksh.5.1 billion. The loan servicing…
How fish farming in Busia has helped govt’s primary to secondary 100% transition programme
May 31, 2022
How fish farming in Busia has helped govt’s primary to secondary 100% transition programme
Fishery is a major economic activity in Busia, thanks to Lake Victoria which supports a huge population of fish including…
Blow to Putin as EU bans two-thirds of Russia’s oil imports
May 31, 2022
Blow to Putin as EU bans two-thirds of Russia’s oil imports
The European Union agreed on Monday night to phase out dependency on Russian gas, oil and coal said European Commission…
Kenya signs 7 key bilateral agreements with Sierra Leon
May 30, 2022
Kenya signs 7 key bilateral agreements with Sierra Leon
President Uhuru Kenyatta and his visiting Sierra Leonean counterpart Julius Maada Bio on Monday, May 30, 2022, signed seven key…
CBK raises benchmark lending rate to 7.5% over risks to inflation outlook
May 30, 2022
CBK raises benchmark lending rate to 7.5% over risks to inflation outlook
The Central Bank of Kenya (CBK) raised the benchmark lending to 7.5 percent for the first time since July 2015.…
MPs pursue Bill for integrity report “only” from job seekers upon shortlisting
May 30, 2022
MPs pursue Bill for integrity report “only” from job seekers upon shortlisting
Kenya’s Members of Parliament now seek amendments to the law that requires Kenyans seeking jobs to produce integrity report only…
EABL commissions Ksh.885 million micro-brewery in Nairobi’s Ruaraka
May 30, 2022
EABL commissions Ksh.885 million micro-brewery in Nairobi’s Ruaraka
East African Breweries (EABL) has commissioned the construction of a Ksh.885 million microbrewery at Ruaraka, Nairobi which will serve as…
Kenya’s market could lose confidence in forex effectiveness as shilling nears 117 mark
May 30, 2022
Kenya’s market could lose confidence in forex effectiveness as shilling nears 117 mark
The Kenyan Shilling has continued to weaken against US Dollar, with manufacturers raising concerns over the high cost of obtaining…