CBK seen cutting rates in 2024 as global peers signal shift
The Central Bank of Kenya (CBK) is tipped to cut interest rates next year.
View ArticleKRA builds new system for SMEs after e-Tims uproar
Small businesses will only be required to show a record of transactions rather than generate electronic invoices.
View ArticleKenya Power loses 10pc of customers to private plants
Kenya Power has lost up to 10.8 percent of customers after firms dumped the national grid and started own power generation.
View ArticleConsumers start feeling loans pain as banks raise rates
Kenyan banks have started increasing the cost of their shilling-denominated loans.
View ArticleTreasury’s emergency loans at CBK hits record Sh91 bn
Emergency loans the Treasury has tapped directly borrowing from CBK have hit a historical record of Sh91.13 billion.
View ArticleKICC is worth Sh30bn? Fact-checking William Ruto
While defending the step taken by his government to privatise KICC, the President claimed that the centre was making losses.
View ArticleAuditor barred from Sh12.5bn spent on Telkom, bank shares
Nancy Gathungu has said her office was denied access to transaction records of Sh12.5 billion share purchases in Telkom Kenya.
View ArticleMastermind lays off 1,000 after bank takeover
Troubled Mastermind Tobacco (K) Ltd has issued notice of termination of contracts of about 1,000 employees.
View ArticleTough lessons from Safaricom’s Ethiopia entry
Foreign investor interest in Ethiopia's telecoms sector is cooling.
View ArticleKenya Power kicks off Sh28bn EU-funded electrification plan
Kenya Power has completed the evaluation of the tenders that will see it connect 280,000 Kenyans to the grid.
View ArticleState spending without Parliament nod up 134 times
The amount of money that government ministries and agencies (MDAs) have spent without the approval of MPs has shot up 134 times.
View Article10 governors spend nothing on development in first quarter
Ten governors did not spend a single cent on the development of their counties in the three months to September.
View ArticleWhy regulator hit Carrefour with record Sh1.1 billion fine
Carrefour has been slapped with a record Sh1.1 billion fine by the Competition Authority of Kenya.
View ArticleAuditor-General wants mini-budgets subjected to public participation
The Auditor-General has recommended that Treasury table its supplementary budgets for public scrutiny.
View ArticleCoG defends governors in development funding snub
The Council of Governors has defended county bosses who failed to spend anything on the development of their counties.
View ArticleIncrease in cost of loans highest among corporates
The cost of loans to big companies in Kenya rose fastest compared to small enterprises.
View ArticleTreasury lends Kenya Airways Sh16bn without a repayment plan
Treasury funded Kenya Airways to the tune of Sh16.27 billion without a loan agreement or recovery mechanism.
View ArticleRuto man David Mugonyi lands top CA job
David Mugonyi replaces Ezra Chiloba, who stepped down in October.
View Article473km Nairobi- Mombasa Expressway gets approval
The planned 473-kilometre Nairobi-Mombasa Expressway has received first-stage approval for construction.
View ArticleYemen rebel attacks affect East African shippers
The attacks on ships in and near the Red Sea by Yemen's Houthi rebels have affected shipping and oil companies.
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