Business
State opts for short-term bonds as shilling value dips 0.5% against Dollar in under a week
October 6, 2023
State opts for short-term bonds as shilling value dips 0.5% against Dollar in under a week
The Kenya Shilling has continued to shed its value against the US Dollar, having lost 0.58 percent in value for…
Ruto: No permit issuance to wheat, maize importers in Kenya
October 6, 2023
Ruto: No permit issuance to wheat, maize importers in Kenya
The ban on wheat and maize imports into Kenya has been informed by President William Ruto’s aim at protecting local…
Dangote’s net worth down 22% in ten months on rising interest rates
October 5, 2023
Dangote’s net worth down 22% in ten months on rising interest rates
Aliko Dangote’s net worth shrunk by 22 percent in ten months to October in 2023 even though he maintained the…
Oil Prices steady after Settling down more than $5
October 5, 2023
Oil Prices steady after Settling down more than $5
Oil prices were broadly steady on Thursday after the previous session’s big losses, as an uncertain demand outlook held off…
Higher oil spending likely to weaken Saudi’s stronger balance sheet
October 5, 2023
Higher oil spending likely to weaken Saudi’s stronger balance sheet
Rating firm Moody’s now thinks that higher spending that becomes inflexible through oil price cycles may weaken Saudi Arabia’s currently…
Old Mutual Expands Integrated Financial Services Branch Network
October 5, 2023
Old Mutual Expands Integrated Financial Services Branch Network
Old Mutual Kenya has opened its second Integrated Financial Service (IFS) branch in the Central Business District, Kimathi Street, as…
Family Bank to finance 1,000 farmers to boost farm produce
October 5, 2023
Family Bank to finance 1,000 farmers to boost farm produce
Family Bank has entered into a financing deal with 1,000 smallholder maize farmers in Embu County who will access funding…
AA Kenya Announces Restricted Capital Raising in Ongoing Restructuring
October 5, 2023
AA Kenya Announces Restricted Capital Raising in Ongoing Restructuring
AA Kenya PLC (AA Kenya) has announced a Restricted Public Offer (RPO) seeking to raise capital from its shareholders dedicated…
Sub-Saharan Africa workforce to increase to 750 million; what does it mean?
October 4, 2023
Sub-Saharan Africa workforce to increase to 750 million; what does it mean?
According to the World Bank Group, the working population in Sub-Saharan Africa is set to increase to 750 million people.…
Kenya Power to clear electricity connection backlog in 90 days
October 4, 2023
Kenya Power to clear electricity connection backlog in 90 days
Kenya Power is implementing a Rapid Results Initiative (RRI) to fast-track meter installation for new connections across the country. Speaking…