CBK Cuts Central Bank Rate to 11.25% to Support Economic Growth
The Central Bank of Kenya (CBK) reduces the Central Bank Rate (CBR) from 12% to 11.25% in response to stable inflation and a stead...
Business
December 5, 2024
Tullow Oil CEO Rahul Dhir to Step Down in 2025 After Leading Strategic Turnaround
Tullow Oil CEO Rahul Dhir will step down in 2025 after a successful tenure marked by a $1.1 billion cash flow boost and debt reduc...
Business News
December 5, 2024
M-Pesa Reaches 34 Million Subscribers: Revolutionizing Financial Services in Africa
Discover how M-Pesa, Safaricom's mobile money service, hit 34 million subscribers in November 2024. Learn about its innovative fin...
Business
December 4, 2024
Savannah Clinker Withdraws Bamburi Cement Acquisition Amid Controversy
Savannah Clinker Limited has withdrawn its bid to acquire Bamburi Cement following approval by the Capital Markets Authority (CMA)...
Business
December 3, 2024
Safaricom Revamps 5G for Business to Empower SMEs with Faster Internet
Safaricom has enhanced its 5G for Business service to provide SMEs with faster and more reliable internet connectivity, catering t...
Business
December 2, 2024
KTN Unveils Unified Brand: Merging KTN Home and KTN News
Standard Media Group’s Kenya Television Network (KTN) has announced the merger of its two flagship brands, KTN Home and KTN ...
Business
December 2, 2024
I&M Bank Reduces Interest Rates by 0.75% to Support Economic Growth
I&M Bank has announced a 0.75% reduction in its interest rates, following the Central Bank of Kenya’s (CBK) decision to ...
Business
August 19, 2024
NSSF Leverages Technology to Process Benefits Within 24 Hours
The National Social Security Fund (NSSF) in Kenya has implemented advanced digital solutions to process retirement benefits within...
Business News
August 9, 2024
State Issues Warning to Sugar ‘Cartels’ Hindering Sector Growth with Court Cases
Agriculture Principal Secretary Paul Rono has urged sugar cartels in Kenya to halt their legal battles, which are stalling sector ...
Business News
August 6, 2024
Mobius Motors Ceases Operations in Kenya
Mobius Motors is set to cease its operations in Kenya after shareholders voted for liquidation. A creditors' meeting is scheduled ...
Business
July 31, 2024
Ruto Pledges Reforms for Kenya Power and Other State Enterprises
President William Ruto has announced major reforms for Kenya Power and other state enterprises to enhance governance and operation...
Business News
July 29, 2024
Farmers Rejoice as Sony Sugar Settles Ksh306 Million Historic Debt
Sony Sugar clears Ksh306 million in historical debts to farmers, including a government contribution of Ksh181 million and additio...
Business News
July 26, 2024
IMF: Africa’s Growth Potential Remains Strong Despite Challenges
The IMF highlights Africa's strong growth potential despite facing significant economic challenges such as inflation and climate c...
Business News
July 11, 2024
Tanzanian Company Set to Purchase Bamburi Cement for Sh23 Billion
Discover how Amsons Group plans to acquire Bamburi Cement, a major move in East African investment, signaling growth in the region...
Business
July 10, 2024
Licensing Delays and Regulatory Gaps Impact Mining Sector
Discover the challenges facing Kenya's mining sector, including regulatory hurdles in permit issuance and concerns over discrimina...
Business News
July 10, 2024
Mudavadi: 19 Memorandums of Understanding in Progress with Gulf Nations
Prime Cabinet Secretary Musalia Mudavadi announces that Kenya is negotiating 19 MoUs with Gulf countries, with advanced discussion...
Business News
July 9, 2024
Public Weighs In on Road Levy Increase as State Defends Decision
Kenya Roads Board (KRB) proposes increasing the Road Maintenance Levy on petrol and diesel from Sh18 to Sh25 per litre to fund roa...
Business
July 8, 2024
Value of Imported Used Clothes Rises to Sh28 Billion
Kenyan traders spent nearly Sh28 billion on importing second-hand clothes, reflecting a growing preference for used attire despite...
Business News
July 4, 2024
Financial losses from protests against the Finance Bill amounted to Ksh3 billion
Discover how the Nairobi business community faced significant losses due to vandalism and looting in the CBD amid recent protests....
Business Politics
June 7, 2024
Kenya to Use Part of $1.2 Billion World Bank Loan to Settle Eurobond Maturing in June 2024
The Kenyan government will use part of a $1.2 billion Development Policy Operations loan from the World Bank to settle the remaini...
