Business
Govt to slash M-Pesa transaction rates
March 22, 2022
Govt to slash M-Pesa transaction rates
Safaricom’s gigantic revenue record is likely to be tampered with, considering the government’s proposal to slash M-Pesa transaction rates.National Cabinet…
Treasury to release financial year 2022/23 budget in April
March 22, 2022
Treasury to release financial year 2022/23 budget in April
The National Treasury has set April 7, 2022, as the date for the 2022 budget statement presentation.Treasury Cabinet Secretary Ukur…
Ride hailing app Bolt revises price upwards over fuel costs
March 21, 2022
Ride hailing app Bolt revises price upwards over fuel costs
Bolt Kenya has increased its tariffs by four percent following the increase in fuel costs.Under the new rates, bolt riders…
Kenya now owes China over Ksh.3 billion in delayed payments
March 21, 2022
Kenya now owes China over Ksh.3 billion in delayed payments
Kenya has recently been struggling to repay her debt to Chinese-owned companies.Recent record by Auditor General Nancy Gathungu shows the…
Kenya shilling hits record low to 114.4 units against dollar
March 21, 2022
Kenya shilling hits record low to 114.4 units against dollar
The Kenyan shilling depreciated by 0.2 percent against the US dollar, to start the week at Ksh.114.4, partly attributable to…
List of fully approved coffee brokers in Kenya
March 21, 2022
List of fully approved coffee brokers in Kenya
The Coffee Exchange Regulations were gazetted by the Cabinet Secretary of the National Treasury and Planning on April 3, 2020.The…
IMF approves Ksh.14.5 billion loan to Uganda
March 18, 2022
IMF approves Ksh.14.5 billion loan to Uganda
The International Monetary Fund is giving Uganda an additional Ksh.14.5 billion as part of an Extended Credit Facility Arrangement.In June…
NBK posts Ksh.1.1 billion net profit for full year ended December
March 18, 2022
NBK posts Ksh.1.1 billion net profit for full year ended December
National Bank of Kenya (NBK) has posted Ksh.1.1 billion net profit for the full-year ended December 31, 2021.The surge has…
Centum Real Estate appoints Kenneth Mbae as new MD
March 18, 2022
Centum Real Estate appoints Kenneth Mbae as new MD
Centum Real Estate Limited (Centum RE) has appointed Kenneth Mbae as Managing Director effective March 17, 2022.Prior to this appointment,…
Ruai garbage power plant to cost over Ksh.20 billion
March 18, 2022
Ruai garbage power plant to cost over Ksh.20 billion
Kenya Electricity Generating Company, (KenGen) and Nairobi Metropolitan Service (NMS) have settled on building Ruai garbage power plant which will…