Business
CAK Cracks Down on Hidden Bank Charges, Demands Transparency
February 13, 2025
CAK Cracks Down on Hidden Bank Charges, Demands Transparency
The Competition Authority of Kenya (CAK) is taking a firm stance against hidden bank charges, demanding greater transparency in lending…
KBA Challenges Kenyan Businesses to Leverage Slashed Rates for Growth
February 13, 2025
KBA Challenges Kenyan Businesses to Leverage Slashed Rates for Growth
Kenyan businesses have been challenged to leverage current lower interest rates and engage actively with banks to access credit, even…
Metropol Hosts Banks, MFBs to Discuss Effective ECL Implementation for Better Loan Pricing
February 13, 2025
Metropol Hosts Banks, MFBs to Discuss Effective ECL Implementation for Better Loan Pricing
The financial sector is witnessing a significant shift in how banks and microfinance banks (MFBs) assess credit risk, driven by…
Report Shows 75% of Kenyans Believe Economy Has Worsened
February 12, 2025
Report Shows 75% of Kenyans Believe Economy Has Worsened
Recent findings from the Old Mutual Financial Services Monitor show that Kenyans are increasingly uncertain about the economy. Confidence has…
Absa Bank Invests Ksh.60 Million in the 2025 Magical Kenya Open
February 11, 2025
Absa Bank Invests Ksh.60 Million in the 2025 Magical Kenya Open
Absa Bank Kenya PLC has committed Ksh.60 million to sponsor the 2025 Magical Kenya Open (MKO). This sponsorship reinforces their…
Kenya’s GDP Slows Down in H2 2024 to 4.7%
February 11, 2025
Kenya’s GDP Slows Down in H2 2024 to 4.7%
Kenya’s economy slowed down in the second half of 2024, with GDP growth dropping to 4.7% from 5.6% in 2023,…
Win for Busia SMEs as County Disburses Ksh.111 Million for Affordable Credit
February 11, 2025
Win for Busia SMEs as County Disburses Ksh.111 Million for Affordable Credit
Busia County has disbursed Ksh.111 million to promote the growth of cooperatives and Small and Micro-Enterprises (SMEs). The funds will…
Kenya Ranked 121 Among Most Corrupt Countries Globally
February 11, 2025
Kenya Ranked 121 Among Most Corrupt Countries Globally
In 2024, the Sub-Saharan African region once again registered the lowest average score on the Corruption Perceptions Index (CPI), at…
Kenya’s Hotel Sector Expands on Surging Tourism, New Report Shows
February 10, 2025
Kenya’s Hotel Sector Expands on Surging Tourism, New Report Shows
Kenya’s hospitality sector saw a significant expansion in 2024, with the supply of new hotel rooms more than doubling alongside…
List of Top 10 Employers in Kenya in 2025
February 7, 2025
List of Top 10 Employers in Kenya in 2025
The Top Employer Institute has announced the best employers in Kenya for 2025, with Coca-Cola leading the list. The recognition…