Business
KNCCI, KDC partner to accelerate credit flow to SMEs
June 9, 2022
KNCCI, KDC partner to accelerate credit flow to SMEs
The Kenya Development Corporation (KDC) and the Kenya National Chamber of Commerce and Industry (KNCCI) have entered into a strategic…
Kenya Power to save Ksh.1 billion annually from World Bank’s funded Live Line Laboratory
June 9, 2022
Kenya Power to save Ksh.1 billion annually from World Bank’s funded Live Line Laboratory
Kenya Power has launched a Ksh.340 million live line laboratory which will see Kenyans saved from perennial power cuts due…
EU releases Ksh.50 million for 300 groundnut farmers in Busia, Siaya
June 9, 2022
EU releases Ksh.50 million for 300 groundnut farmers in Busia, Siaya
Groundnut farmers from three counties are set to benefit from a Ksh.50 million European Union (EU) support programme, that will…
Kenya raises Ksh.73.7 billion in June Infrastructure Bond
June 9, 2022
Kenya raises Ksh.73.7 billion in June Infrastructure Bond
Kenya’s National Treasury managed to raise Ksh.73.7 billion in its June Infrastructure Bond issue. The Bond whose auction expired on…
CBK goes after M-Pesa App over its hefty transactions
June 9, 2022
CBK goes after M-Pesa App over its hefty transactions
The Central Bank of Kenya (CBK) now seeks powers to regulate the fastest-growing Super Applications, better known as Super Apps…
Kenya shilling buckles for 12th time to 117 units against U.S Dollar
June 8, 2022
Kenya shilling buckles for 12th time to 117 units against U.S Dollar
Kenya’s shilling weakened against the dollar for the 12th consecutive month in June as the dampening global economic outlook accelerated…
Road accidents have claimed 1,968 lives in six months
June 8, 2022
Road accidents have claimed 1,968 lives in six months
New statistics show that 1968 Kenyans dies in road accidents since January this year. According to the National Transport and…
Court freezes over Ksh.115 million belonging to Kenyan woman in money laundering fight
June 8, 2022
Court freezes over Ksh.115 million belonging to Kenyan woman in money laundering fight
Anti-Corruption Court froze Ksh.115 million wired from Mauritius to a Kenyan woman in an intensified fight against money laundering. A…
World Bank revises Kenya’s economic growth to 5.5% in 2022
June 7, 2022
World Bank revises Kenya’s economic growth to 5.5% in 2022
The World Bank estimates Kenya’s economy to grow by 5.5 percent this year, an upward revision from December estimates of…
Kenyan MPs agree to raise debt ceiling to Ksh.10 trillion
June 7, 2022
Kenyan MPs agree to raise debt ceiling to Ksh.10 trillion
Kenya’s Members of Parliament voted to raise the current debt ceiling from Ksh.9 trillion to Ksh.10 trillion. This gives the…