Business
East Africa to Lead Africa’s Growth Despite Challenges
February 22, 2024
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%
February 22, 2024
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
February 21, 2024
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%
February 21, 2024
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
February 20, 2024
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…
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…