Business
CAK Approves Acquisition of Kenya Bottling Company by Crown Beverages
January 9, 2024
CAK Approves Acquisition of Kenya Bottling Company by Crown Beverages
The Competition Authority of Kenya (CAK) has unconditionally approved the purchase of all issued shares of Kenya Bottling Company Limited…
Bitcoin Regains Confidence at $47,000 on Speculative ETF Approval
January 9, 2024
Bitcoin Regains Confidence at $47,000 on Speculative ETF Approval
For the first time since April 2022, Bitcoin has surpassed the $47,000 mark. This surge comes as U.S. regulators appear…
Ruto Rescinds Appointment of Uhuru’s Board Members at Kenya Railways
January 9, 2024
Ruto Rescinds Appointment of Uhuru’s Board Members at Kenya Railways
President William Ruto has rescinded the appointments of four board members of the Kenya Railways Corporation.According to a special gazette…
What It Means After Kenya Failed to Honour Promised $300 Million Buyback
January 9, 2024
What It Means After Kenya Failed to Honour Promised $300 Million Buyback
The risk associated with Kenya’s first Eurobond, which is due later this year, has increased due to the country’s inability…
Oil Prices Dip as Saudi Arabia Slashes Selling Price
January 8, 2024
Oil Prices Dip as Saudi Arabia Slashes Selling Price
Oil prices were on a downward trend Monday morning following Saudi Arabia’s decision to reduce the prices it charges its…
Kenyan Shilling Declines by 0.6% in the Year’s Initial Week
January 8, 2024
Kenyan Shilling Declines by 0.6% in the Year’s Initial Week
During the first week of the year, the Kenyan Shilling saw a 0.6% fall in value against the US Dollar,…
Twiga Foods Founder Peter Njonjo Exits Board After Quiting as CEO
January 5, 2024
Twiga Foods Founder Peter Njonjo Exits Board After Quiting as CEO
Peter Njonjo, the founder and former CEO of Twiga Foods, has left the board of directors of the company, a…
Kenya’s Trade Deficit Falls to Ksh.379 Billion on Export Earnings
January 3, 2024
Kenya’s Trade Deficit Falls to Ksh.379 Billion on Export Earnings
Kenya’s trade deficit, the gap between the value of its exports and imports, narrowed by 12.5 percent in the third…
Why Kenya Won’t Be Visa-Free as Directed by President Ruto
January 2, 2024
Why Kenya Won’t Be Visa-Free as Directed by President Ruto
The Kenyan authorities said on Tuesday, January 2, that they were delaying President William Ruto’s order on Visa-free access to…
How Kenya Shilling Value Affected Nairobi Expressway Toll Fee Uptick
January 2, 2024
How Kenya Shilling Value Affected Nairobi Expressway Toll Fee Uptick
Transport CS Kipchumba Murkomen has clarified a contract that was signed by the former President Uhuru Kenyatta’s government that has…