Business
What the law says on borrowing among counties
August 11, 2023
What the law says on borrowing among counties
Article 212 of the constitution of Kenya states that a county government may borrow, but gives approving conditions among them…
Kenya unfairly paying Ksh.160 billion more on interests in sovereign bonds – report
August 11, 2023
Kenya unfairly paying Ksh.160 billion more on interests in sovereign bonds – report
The accelerated issuance of foreign currency-denominated debt has led to an increasing pace of sovereign credit rating assessments by the…
Saudi Aramco’s profit down 38% to Ksh.4.3 trillion in Q2
August 10, 2023
Saudi Aramco’s profit down 38% to Ksh.4.3 trillion in Q2
Oil firm Saudi Aramco announced its profits of Ksh.4.3 trillion (US$30.08 billion) for the second quarter, a sharp fall from…
Shelter Afrique roots for green buildings at Zambia stakeholders training
August 9, 2023
Shelter Afrique roots for green buildings at Zambia stakeholders training
Pan African housing development financier, Shelter Afrique, has implored stakeholders in the built environment to put more emphasis on addressing…
Explained: Milestones Michael Joseph, late Collymore achieved at Safaricom
August 9, 2023
Explained: Milestones Michael Joseph, late Collymore achieved at Safaricom
Safaricom remembered Michael Joseph together with the late Bob Collymore for their tremendous achievement.Safaricom’s Board said both executives oversaw the…
Why Michael Joseph has quit Safaricom as Board chair
August 9, 2023
Why Michael Joseph has quit Safaricom as Board chair
Michael Joseph has stepped down from Safaricom effective August 1, 2023, to focus on other ventures, according to a letter…
China’s foreign trade up 0.4% to Ksh.4,677 trillion in first seven months
August 8, 2023
China’s foreign trade up 0.4% to Ksh.4,677 trillion in first seven months
China’s total imports and exports expanded 0.4 percent year on year to Ksh.4,677 (23.55 trillion yuan) in the first seven…
AU-led APRM downplays Moody’s comments on Kenya’s Eurobond buyback plan
August 8, 2023
AU-led APRM downplays Moody’s comments on Kenya’s Eurobond buyback plan
Moody’s Credit Rating Agency has received a backlash from the African Union-led African Peer Review Mechanism (APRM) concerning its comments…
Kenya’s inflation down to 7.3% in 14 months to July
July 31, 2023
Kenya’s inflation down to 7.3% in 14 months to July
Kenya’s year-on-year inflation fell to 7.3 percent in July from 7.9 percent in June.The Kenya National Bureau of Statistics (KNBS)…
Russia-Africa Summit: African presidents secure Ksh.427.4 billion for food security
July 31, 2023
Russia-Africa Summit: African presidents secure Ksh.427.4 billion for food security
The African Export-Import Bank (Afreximbank) has laid plan to support African economies to boost trade and investment.The plan includes a…