Business

Why Kenya is Added to Dirty Money List But Uganda Dropped

Why Kenya is Added to Dirty Money List But Uganda Dropped

Kenya has been added onto the “gray list” by the Financial Action Task Force (FAFT) once again. This means Kenya…
BlackRock Buys 12.5% Stake in 310MW L. Turkana Wind Plant

BlackRock Buys 12.5% Stake in 310MW L. Turkana Wind Plant

Vestas has completed the divestiture of its 12.5% stake in the Lake Turkana wind project to the Climate Finance Partnership…
Kenya Shilling Ends Week 1% Down Against US Dollar

Kenya Shilling Ends Week 1% Down Against US Dollar

The US Dollar is gradually regaining its glory in the local market, ending the week at 1% against the Kenya…
Kenya to Price its Samurai Bond at 1%

Kenya to Price its Samurai Bond at 1%

Kenya plans to price it’s $500 million Samurai Bond at an attractive rate of between 1% and 2%. The move…
Kenya Signs Deal With Ethiopia in 7 Strategic Areas

Kenya Signs Deal With Ethiopia in 7 Strategic Areas

Kenya and Ethiopia have signed deals in seven areas in a strategic framework agreement. The deals were signed during the…
East Africa to Lead Africa’s Growth Despite Challenges

East Africa to Lead Africa’s Growth Despite Challenges

East Africa’s economy is expected to reach 5.1 percent and 5.7 percent in 2024 and 2025, respectively – according to…
Safaricom Cuts Dividends to Shareholders by 5.1%

Safaricom Cuts Dividends to Shareholders by 5.1%

Safaricom has cut its dividend payout to shareholders to Ksh.0.55 per ordinary share. This represents a 5.1% decrease from the…
Ruto Dealt Another Blow in Supreme Court Ruling on NSSF

Ruto Dealt Another Blow in Supreme Court Ruling on NSSF

The Supreme Court has overturned the Court of Appeal’s orders on the controversial National Social Security Fund (NSSF) scheme. The…
Equity Bank Increases Cost of Loan to 18.24%

Equity Bank Increases Cost of Loan to 18.24%

Equity Bank has become the first bank in Kenya to adjust its lending rate to all its clients in Kenya.…
Meet Frank Mwiti, Man Replacing Odundo as CEO of NSE

Meet Frank Mwiti, Man Replacing Odundo as CEO of NSE

The Nairobi Securities Exchange (NSE) Board has named Frank Mwiti as the incoming Chief Executive Officer (CEO), effective from May…
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