Business
KRA shuts down Keroche Breweries with over 400 staff affected
June 14, 2022
KRA shuts down Keroche Breweries with over 400 staff affected
Kenya’s local brewing company Keroche has been caught on the receiving end once again in a renewed tax dispute with…
Top five wealthiest people lost Ksh.40.5 trillion on Monday over inflation fears
June 14, 2022
Top five wealthiest people lost Ksh.40.5 trillion on Monday over inflation fears
The top five wealthiest men on the planet lost a whooping Ksh.40.5 trillion on Monday alone on the backdrop of…
Peter Kioko replaces Russo as National Bank managing director in interim capacity
June 13, 2022
Peter Kioko replaces Russo as National Bank managing director in interim capacity
National Bank of Kenya (NBK) Board has appointed Peter Kioko as the Managing Director in an interim capacity, effective June…
Bitcoin tumbles 9% to Ksh.2.7 million
June 13, 2022
Bitcoin tumbles 9% to Ksh.2.7 million
The price of Bitcoin tumbled 9 percent to Ksh.2.7 million (US$.24,000) last figures last seen in December 2020. Some crypto…
Major crypto lender freezes withdrawals as markets tumble
June 13, 2022
Major crypto lender freezes withdrawals as markets tumble
Major U.S. cryptocurrency lending company Celsius Network on Monday froze withdrawals because of “extreme market conditions,” in the latest sign…
U.S. inflation rises to 8.6% year on year in May
June 13, 2022
U.S. inflation rises to 8.6% year on year in May
The U.S. Labor Department on Friday reported that the consumer price index rose to 8.6% in May from the same…
Report: Over one million children acutely malnourished in Kenya
June 13, 2022
Report: Over one million children acutely malnourished in Kenya
Close to one million children aged 6-59 months are acutely malnourished according to the National Drought Management Authority (NDMA) in…
South Africa’s oldest private airline, Comair, permanently grounded
June 13, 2022
South Africa’s oldest private airline, Comair, permanently grounded
Comair, South Africa’s oldest private airline, will stop operations permanently after its bankruptcy protection lawyers filed an application to liquidate…
Tanzania signs Ksh.3.5 trillion natural gas project with Shell for export
June 13, 2022
Tanzania signs Ksh.3.5 trillion natural gas project with Shell for export
Tanzania has signed a framework agreement with Norway’s Equinor and Britain’s Shell for the construction of a Ksh.3.5 trillion project…
U.S steps up efforts to deter Russia’s invasion of Ukraine as world stares at food crisis in years
June 10, 2022
U.S steps up efforts to deter Russia’s invasion of Ukraine as world stares at food crisis in years
The United States is stepping up efforts to deter Russia’s invasion of Ukrane three months on, a situation that has…