Business

CBK retains benchmark lending rate at 7%

CBK retains benchmark lending rate at 7%

The Central Bank of Kenya (CBK) has retained the Central Bank Rate (CBR) at 7 percent on the account that…
Massive losses as the Evergreen ship starts to move in Suez Canal

Massive losses as the Evergreen ship starts to move in Suez Canal

A huge container ship that has been wedged in the Suez Canal for almost a week started to move on…
Huduma Centres scale down operations due to COVID-19

Huduma Centres scale down operations due to COVID-19

Huduma Centres across the country have revised their operational hours following a Presidential address on Friday, March 26 to help…
Equity Bank reports 11% drop in net profit to Ksh.20.1 billion.

Equity Bank reports 11% drop in net profit to Ksh.20.1 billion.

Equity Bank reported an 11 percent drop in net profit for the year 2020 to Ksh.20.1 billion. The profit dip…
More than 750,000 candidates are sitting KCSE test

More than 750,000 candidates are sitting KCSE test

More than 750,000 candidates are sitting the Kenya Certificate of Secondary Education (KCSE) examination that has kicked off countrywide. The…
KEPSA proposes new containment measures to curb spread of COVID-19

KEPSA proposes new containment measures to curb spread of COVID-19

The Kenya Private Sector Alliance (KEPSA) now wants President Uhuru Kenyatta to institute additional stringent measures in order to contain…
Sanlam slumps into Ksh.78 million after-tax loss

Sanlam slumps into Ksh.78 million after-tax loss

Sanlam Kenya closed the year 2020 on a Ksh.78 million after-tax loss, due to increased claims and lower investment returns,…
Safaricom launches 5G network in Kenya

Safaricom launches 5G network in Kenya

Safaricom is set to launch Kenya’s first fifth-generation (5G) mobile internet services targeting major urban centres. The service will be…
Kenyan shilling firms slightly against U.S

Kenyan shilling firms slightly against U.S

The Kenyan shilling has strengthened marginally against the U.S Dollar, even as traders forecast a depreciation of the shilling due…
KAM urges government to harmonize laws to drive competitiveness

KAM urges government to harmonize laws to drive competitiveness

Manufacturers in Kenya now want the government to harmonize laws, policies and regulations, at the national and county levels, to…
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