Business
Kenya Secures $485 Million from South Korea for Konza Digital Media City
June 4, 2024
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
June 4, 2024
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
June 3, 2024
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
June 3, 2024
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
June 3, 2024
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
May 31, 2024
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
May 31, 2024
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
May 30, 2024
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
May 29, 2024
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
May 29, 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…