Business

Kenya Secures $485 Million from South Korea for Konza Digital Media City

Kenya Secures $485 Million from South Korea for Konza Digital Media City

Kenya has secured $485 million (Ksh.63 billion) in concessional funding from South Korea’s – Korea Exim Bank and part of…
South Korea Pledges $24 Billion in Aid for Africa at Mega Summit

South Korea Pledges $24 Billion in Aid for Africa at Mega Summit

South Korea has announced a $10 billion aid package for Africa over the next six years, a deal which will…
Absa Pledges 10% in Lending in Green Projects for Africa’s Climate Transition

Absa Pledges 10% in Lending in Green Projects for Africa’s Climate Transition

Absa Bank has committed to expanding its lending to green projects and dedicating a minimum of 10 percent of its…
Kenya Re Dividends Up 50% on Strong Financial Performance

Kenya Re Dividends Up 50% on Strong Financial Performance

The board of Kenya Reinsurance Corporation (Kenya Re) has reported a 50% increase in dividend per share to Ksh.0.3 in…
Job Creation Top of Agenda As Ruto Tours South Korea

Job Creation Top of Agenda As Ruto Tours South Korea

Deputy President Rigathi Gachagua and other leaders bid farewell to President William Rutoas he departed for the Korea-Africa Summit in…
Shilling Ends May at 2.2% High Against Dollar to 130 Units

Shilling Ends May at 2.2% High Against Dollar to 130 Units

The Kenya Shilling has demonstrated resilience once again against the U.S. dollar and is retailing at 2.2% higher in the…
Treasury Seeks Ksh.60 Billion from Domestic Market with Reopened Treasury Bond

Treasury Seeks Ksh.60 Billion from Domestic Market with Reopened Treasury Bond

The Central Bank of Kenya (CBK) is in search of funds to support the current budget and has floated a…
Africa’s GDP Shrunk to 3.1% in 2023, says AfDB

Africa’s GDP Shrunk to 3.1% in 2023, says AfDB

Africa’s economic growth experienced a decline in 2023, as reported by the African Development Bank (AfDB) in its African Economic…
Ugandan Farmers Rip Big as Coffee Prices Continue Surging Globally

Ugandan Farmers Rip Big as Coffee Prices Continue Surging Globally

Ugandan coffee farmers are reaping the rewards of a surge in global coffee prices, with exports soaring in recent months.…
Car Batteries to Cost Ksh.9,000 More in Finance Bill 2024

Car Batteries to Cost Ksh.9,000 More in Finance Bill 2024

Kenyan motorists are staring at a possible surge in accessory prices, heralded by some proposals in the Finance Bill, 2024…
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