Inter-ministerial tiff delays Gigiri diplomatic complex
The tussle between the ministries of Education and Foreign Affairs that has delayed the relocation of Kenya Technical Trainers College
View ArticlePeter Njonjo’s 10-year highs and lows at Twiga Foods
Peter Njonjo last week bowed out of the firm he co-founded a decade ago.
View ArticleKenya fourth-largest borrower of World Bank low-interest loans
The latest borrowing marks the third consecutive year of increased use of this kitty that is open to poor countries across the world.
View ArticleKenya Power customer defaults hit Sh35bn
Kenya Power’s unpaid customer bills shot up by Sh16 billion in the year ended June 2023.
View ArticleSGR January loan payments up Sh14bn on weak shilling
Kenya will spend $536.9 million (Sh84.8 billion) to service the loans, which are paid on semi-annual basis in January and July.
View ArticleSasini raises dividend by half despite 53pc profit drop
Sasini’s net profit fell from a seven-year high of Sh1.17 billion, marking a 53.6 percent decline in a period the management described as “extremely challenging”.
View ArticleKenya’s Africa trade surplus hits Sh121bn
Export earnings record-high levels that signal increased deals on the continent for traders amid President William Ruto’s aggressive diplomatic offensive.
View ArticleNSE best and worst performing stocks of 2023
Uganda’s Umeme Limited topped the bourse as most stocks recorded dismal gains due to poor economy and foreign investor flight
View ArticleState funding pressure as over 200,000 score varsity grades
The number of qualifying candidates, who scored C+ — the minimum entry grade, rose 16 percent to hit 201,133.
View ArticleTreasury raises borrowing target by Sh168 billion
The Treasury now says it plans to borrow Sh886.6 billion during the 2023/24 financial year.
View ArticleShilling falls faster despite CBK rate hike
The shilling’s depreciation against the US dollar has for instance quickened to a mean of 0.16 percent or 16 cents per day.
View ArticleCash-rich firms reap bumper gains from rising interest rates
Analysis of listed firms shows multiple companies hold substantial amounts of cash in hand while also retaining low debt levels.
View ArticleVarsities got Sh241bn in six years in old funding model
Under DUC, institutions were allocated budgets based on the number of undergraduate students admitted and the types of courses they take.
View ArticleWinners and losers from the shilling’s record fall
Earners of pounds saw the largest boost over the period by gaining an extra Sh110,316.40 in local currency terms from depreciation of local currency.
View ArticleJanuary bond rates seen rising past 18pc
The pricing of the tax-free infrastructure bond sold in November is also likely to factor in bid pricing for the January Treasury bond sale.
View ArticleKenya’s economy to grow 5.2pc this year, says World Bank
Net domestic borrowing by the Kenyan government in the fiscal year starting July 2024 is expected to reduce to Sh377.7 billion.
View ArticleAFC directors among defaulters of Sh3bn, auditor says
According to audit report, AFC had issued a total of Sh9.89 billion loans to customers by June 2022, but customers had defaulted on Sh3.06 billion.
View ArticleKenya retains global passport ranking at 67
Kenya was also ranked the most open country globally together with Burundi, Cape Verde Islands, Comoro Islands, Djibouti, Maldives, Mozambique and Rwanda among others.
View ArticleCBK warns of mobile money fraud risk on unverified SIM cards
Financial institutions rely on national identity cards or valid passports to identify customers, mostly in the forex bureaus and money transfer services.
View ArticleNairobi restaurant loses KDC tea contract to rival
KDC awarded Azuri the tender in November following a month-long procurement process, a decision that resulted in Royal Taste Kitchen moving before PPARB for a review.
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