Business
MPs Return to House to Debate Housing Levy
February 20, 2024
MPs Return to House to Debate Housing Levy
Kenyan lawmakers reconvened in the National Assembly to discuss the contentious Housing Levy, supported by recent amendments in the Housing…
Niger Misses $22 Million Payments on its Domestic Debt
February 20, 2024
Niger Misses $22 Million Payments on its Domestic Debt
Niger is facing payment difficulties on its domestic debt due to sanctions imposed following last year’s coup. The Nigerien authorities…
Kenyan Lawyers to Start Reporting Clients on Suspicious Money Sources
February 20, 2024
Kenyan Lawyers to Start Reporting Clients on Suspicious Money Sources
Starting in March, lawyers in Kenya will start reporting suspicious money transactions to the Financial Reporting Centre (FRC) to combat…
US Dollar Loses 11% in Value Against Shilling Under a Month
February 20, 2024
US Dollar Loses 11% in Value Against Shilling Under a Month
The US Dollar recently experienced a shift in trajectory, challenging its dominance over the Kenyan Shilling. For months, there was…
Kenya Set to Receive Ksh.1.5 billion from World Bank
February 19, 2024
Kenya Set to Receive Ksh.1.5 billion from World Bank
Before June this year, Kenya would have received between $1 billion to $1.5 billion from the World Bank. The funds…
Equity Group, Absa Among Top Gainers in past week
February 19, 2024
Equity Group, Absa Among Top Gainers in past week
Equity Group’s stock surged by 1.3% for the past week, making it second among the top gainers on the Nairobi…
How Bamburi Cement Plans to Save Ksh.400 Million Annually
February 16, 2024
How Bamburi Cement Plans to Save Ksh.400 Million Annually
Bamburi Cement expects to save Ksh.400 million every year after completing its two solar plants in Nairobi and Mombasa. Bamburi…
National Treasury Advice to Traders as Kenya Shilling Rallies
February 15, 2024
National Treasury Advice to Traders as Kenya Shilling Rallies
National Treasury Principal Secretary Chris Kiptoo has urged traders to “resume business as usual” as US Dollar lose grip against…
CBK Taps Ksh.240.9 Billion From February Bond
February 15, 2024
CBK Taps Ksh.240.9 Billion From February Bond
The Central Bank of Kenya’s (CBK) Ksh.70 billion infrastructure Bond auction has been oversubscribed, with a performance rate of 412%.…
Another Court Blow to Ruto Over Sugar Millers Privatisation
February 15, 2024
Another Court Blow to Ruto Over Sugar Millers Privatisation
High Court in Nairobi issued a ruling temporarily stopping the sale of four sugar milling companies. Justice Chacha Mwita put…