Business
What you need to know about central banks raising benchmark lending rates
June 16, 2022
What you need to know about central banks raising benchmark lending rates
Central Banks in both developed and emerging economies are raising their benchmark lending rates amidst the high cost of living…
Govt allocates Ksh.100 billion for fuel subsidy in next fiscal year
June 16, 2022
Govt allocates Ksh.100 billion for fuel subsidy in next fiscal year
The Kenyan Government has allocated Ksh.100 billion for fuel subsidy in the next fiscal year starting July 1, 2022, to…
Nakuru approves Land Management Bill to tame land disputes, illegal allotments
June 16, 2022
Nakuru approves Land Management Bill to tame land disputes, illegal allotments
Nakuru County Assembly has approved new legislation meant to regularise land ownership and development in order to forestall land disputes,…
EABC, AHERI partner to transform East African economy
June 16, 2022
EABC, AHERI partner to transform East African economy
The East African Business Council (EABC) has partnered with the Africa Higher Education Research Institute (AHERI) in a move meant…
Bank of England raises interest rate to 1.25%
June 16, 2022
Bank of England raises interest rate to 1.25%
The Bank of England (BoE), the central bank of the United Kingdom, on Thursday, raised its benchmark interest rate by…
U.S. Fed raises benchmark rate by 0.75, biggest hike since 1994
June 16, 2022
U.S. Fed raises benchmark rate by 0.75, biggest hike since 1994
The United States Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing…
Kenya’s Ksh.32 billion new container terminal 2 welcomes first ship
June 16, 2022
Kenya’s Ksh.32 billion new container terminal 2 welcomes first ship
Kenya’s Ksh.32 billion Container Terminal 2 welcomed its first ship with 2,704 twenty–foot equivalent units (TEUS). The 26-metre-long vessel, CMA…
How Kenyan youth have benefited from Ksh.15 billion WB-funded Kenya Youth project
June 16, 2022
How Kenyan youth have benefited from Ksh.15 billion WB-funded Kenya Youth project
The Ksh.15 billion Kenya Youth Employment and Opportunities Project (KYEOP) has trained and placed 66,000 youths into employment opportunities. KYEOP…
Nigeria pays additional Ksh.838.7 million stake in Shelter Afrique to trail Kenya as major shareholder
June 16, 2022
Nigeria pays additional Ksh.838.7 million stake in Shelter Afrique to trail Kenya as major shareholder
Pan-Africa housing development financier, Shelter Afrique has received an additional Ksh.838.7 million capital subscription from the Federal Government of Nigeria.…
Diesel, Petrol prices up by Ksh.9 per litre in June review
June 14, 2022
Diesel, Petrol prices up by Ksh.9 per litre in June review
Kenyan motorists will dig deeper into their pockets for the next 30 days following a newly revised pump price by…