Loan defaults up 26 percent to Sh634bn
The stock of bad loans held by Kenyan banks grew 26 percent in the one year to October 2023.
View ArticleArgyle Grand Hotel: Is this the smartest 5-star hotel in town?
The rain is coming down in buckets as we make our way to the Argyle Grand Hotel on Mombasa Road.
View ArticleShilling in rare upturn, records biggest gain in three years
The Kenya shilling on Tuesday gained at the fastest pace in three years against the US dollar.
View ArticleBidco Africa parts ways with three top executives
Gerald Mahinda, John K'Otieno and Baker Magunda have left less than two years after joining the firm from UK multinational Diageo.
View ArticleEABL cuts dividend as profit drops 22pc
EABL’s dividend has been trending down since the year ended June 2022 when it made a peak distribution of Sh11 per share.
View ArticleTullow plans Sh1.6bn annual spending on Kenya oil project
Tullow Oil plans to retain its annual spending on Kenya’s oil project at Sh1.6 billion.
View ArticleDirectline shocks PSVs with cashless fares
All public service vehicles (PSVs) insured by Directline Assurance will have to switch to cashless fare platforms.
View ArticleIMF in new tax onslaught on rich Kenyans, large investors
Kenya’s tax-to-GDP ratio has been on a downward trajectory after the country implemented policies that have ended up narrowing the tax base.
View ArticleBOSS TALK: Joshua Oigara on winning with customers as loan defaults rise
Joshua Oigara spoke to the Business Daily about his journey at Stanbic, what worked for the bank in 2023.
View ArticleNairobi collects more revenue than 30 counties combined
Nairobi County continues to dominate its peers in revenue generation, collecting 22 percent of the own revenues.
View ArticleGerman coffee firm exits after chaotic reforms
Bungled government-backed reforms in the coffee sector continue to disrupt the industry.
View ArticleRuto remains undettered as court stops housing levy
Court of Appeal rules that public interest tilts in favour of not granting the order or the suspension sought by the government.
View ArticleBIKO INTERVIEW: Nivi Sharma on leading in the shadow of greatness
My mom and dad fought about that because my dad gave away my school fees to help someone who lacked.
View ArticleDon't deduct housing levy, FKE tells employers
The Federation of Kenya Employers says it will continue to monitor developments on the housing levy matter.
View ArticleHow weak shilling hit EABL profit
The scarcity of locally sourced inputs increased the brewer’s cost of sales by 21 percent to Sh37 billion.
View ArticlePenalties for illegal State actions breach Sh126bn
Historical court awards against State ministries, departments and agencies climbed to an estimated Sh126.20 billion.
View ArticleUK fights higher Kenyan taxes on its whiskies, car parts
UK has made an official complaint over the higher import duty Kenya charged on some of its products.
View ArticleKenya-made phones to be 30pc cheaper
Smartphones assembled at the Safaricom factory in Athi River will be up to 30 percent cheaper than imported ones.
View ArticlePrivate insurers to process SHIF claims
Insurers and claims settling agents will be the link between hospitals and the Social Health Authority.
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