Business
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…
Explained: How Finance Bill, 2024 Will Hurt Kenyan Manufacturers
May 29, 2024
Explained: How Finance Bill, 2024 Will Hurt Kenyan Manufacturers
The Kenya Association of Manufacturers (KAM) presented its feedback on the Finance Bill, 2024 to the National Assembly Committee on…
Family Bank Profit up 24.3% to Ksh.1.3 Billion in Q1 2024
May 28, 2024
Family Bank Profit up 24.3% to Ksh.1.3 Billion in Q1 2024
Family Bank Group has posted a Ksh.1.3 billion Profit Before Tax for the period ended March 31, 2024, representing a…
NBK Asset Base Up 4% as Profit Soars to Record Ksh.535 Million
May 27, 2024
NBK Asset Base Up 4% as Profit Soars to Record Ksh.535 Million
The National Bank of Kenya (NBK) saw its asset base grow by 4% to Ksh.157 billion following the news of…
Ruto Signs Africa’s Largest $180MN Student Hostels Deal With U.S
May 24, 2024
Ruto Signs Africa’s Largest $180MN Student Hostels Deal With U.S
Acorn Holdings Limited – Africa’s largest developer of Purpose-Built Students Accommodation (PBSA)- has today signed a USD 180 million (Ksh.23.6…
United Bank of Africa Allocates Ksh.37.5 Billion to Boost Kenyan SMEs
May 24, 2024
United Bank of Africa Allocates Ksh.37.5 Billion to Boost Kenyan SMEs
United Bank of Africa (UBA) has committed Ksh.37.5 billion ($285 million) to its Kenyan subsidiary, UBA Bank Kenya, to support…