Business
Kenya’s economy grew by 7.5% in 2021 from 0.3% contraction in 2020; KNBS
May 5, 2022
Kenya’s economy grew by 7.5% in 2021 from 0.3% contraction in 2020; KNBS
Kenya’s economy rebounded to 7.5 percent in 2021 from a 0.3 contraction that was registered in 2020 when coronavirus hit…
Quick Mart, Wasoko among little known nine billion worth companies in Kenya; see full list
May 5, 2022
Quick Mart, Wasoko among little known nine billion worth companies in Kenya; see full list
Kenya is the third country with nine billion worth, yet fastest growing companies in Africa according to latest report by…
DCI summons Chinese contractors for frustrating President Kenyatta’s Ksh.1.3 billion Nyanza project
May 5, 2022
DCI summons Chinese contractors for frustrating President Kenyatta’s Ksh.1.3 billion Nyanza project
Two Chinese construction firms undertaking national government water flagship projects have been ordered to appear before the Directorate of Criminal…
Two Indomie products flagged for posing danger to human health
May 4, 2022
Two Indomie products flagged for posing danger to human health
Food Safety Authority of Egypt (FSA) ordered two products of Indomie to be recalled from the market for being unfit…
EU to halt Russian crude oil imports in fresh sanctions
May 4, 2022
EU to halt Russian crude oil imports in fresh sanctions
The European Union (EU) will phase out Russian crude oil imports over the next six months. EU President Ursula Von…
Sanlam, Allianz merge to form largest Pan-African entity in a Ksh.243.7 billion deal
May 4, 2022
Sanlam, Allianz merge to form largest Pan-African entity in a Ksh.243.7 billion deal
Sanlam Group (South African based) and Germany’s Allianz have joined forces in a Ksh.243.7 billion deal to merge their current…
KBC risks shutdown over Ksh.10 billion pension fund owed to employees
May 4, 2022
KBC risks shutdown over Ksh.10 billion pension fund owed to employees
State-owned broadcaster, Kenya Broadcasting Corporation (KBC) risks being shut down after the High Court ordered it to remit Ksh.10 billion…
Lobby group challenges govt to formulate policies to encourage rice farming
May 4, 2022
Lobby group challenges govt to formulate policies to encourage rice farming
International Rice Research Institute (IRRI) has urged the government to empower policies that will allow local rice farmers to earn…
Xiaomi smartphones on spot over Ksh.83.9 billion fake business deals
May 3, 2022
Xiaomi smartphones on spot over Ksh.83.9 billion fake business deals
India has seized Ksh.83.9 billion ($725 million) from Chinese smartphone maker Xiaomi’s local bank accounts, accusing the tech firm of…
NSSF buys extra 11 million shares from KCB Bank worth Ksh.440.5 million
May 3, 2022
NSSF buys extra 11 million shares from KCB Bank worth Ksh.440.5 million
The government-owned National Social Securities Fund (NSSF) has purchased an additional 11.7 million shares from Kenya Commercial Bank (KCB) valued…