- Sluggish credit demand is squeezing banks' net interest income as shrinking loan books force lenders to auction assets like vehicles and homes to recoup losses.
- Investors flooded Kenya’s August infrastructure bond sale, offering a record Sh323 billion as they chased attractive tax-free returns amid falling interest rates.
- The marginal drop signals an attempt by the State to quell public outrage sparked by the aggressive increase last month, as Kenyans brace for tougher living costs.
- Africa may not boast the largest economies or deepest pockets, but it has what many regions lack: energy, youth, abundance, and innovation. While the rest of the world gets older and runs out of...
- This puts the bursary fund under tough scrutiny just when it is due to legally end its operations in June next year after it was declared unconstitutional.
- Kenya’s incidence of acute food insecurity surpasses the regional average that stood at 24.5 percent and the global average that was recorded at 10.3 percent.
- By the end of 2024, Caring International was among the seven companies awarded multi-year NESP contracts to supply high-end medical machines to county referral hospitals under a fee-for-service...
- The genesis of the legal dispute is that in 2024, the KRA undertook a tax audit of the company accounts for the years 2022 to 2024, and came up with a tax assessment of Sh962.7 million.
- As critical risks drive the growing need for insurance, and insurers adapt to meet demands of an increasingly risk-conscious society, Kenya’s insurance penetration remains disappointingly low...
- MCAs have been relying on allocations by respective governors through budgets led by county treasuries, which have often triggered disputes between county assemblies and executives.
- The deal will offer 65 percent of the state-owned energy logistics monopoly to the public, aiming to raise Sh100 billion ($1.15 billion) and value it at about Sh154 billion.
- By the end of the year, the CBK expects the current account deficit to climb slightly to 1.5 percent of GDP, or $2.07 billion (Sh267.5 billion), from 1.3 percent or $1.55 billion (Sh200.3...
- On average, the farmers now slaughter 35 camels a day, and extract oil from the camel’s bone marrow and hump, a product that has proved to be a game changer.
- One of the main reasons for low homeownership is the lack of accessible and affordable mortgages. A World Bank report indicates that less than one in 10 Kenyans can afford a mortgage.
- In Kenya, illicit trade in tax-evaded cigarettes and alcoholic beverages, drains government coffers and undermines legitimate industry revenues, impacting the livelihoods of thousands of Kenyans.
- Apple without Jobs still breathes innovation because he coded his philosophy into the culture. Great founders achieve this not by clinging to control, but by institutionalising their values.
- Principal Secretary for Public Investments and Assets Management, Cyrell Odede, directed all procurement officers to comply with the system, warning that non-compliance would attract legal...
- For now, foreign businesses can be more confident about their ability to seek justice in Kenya, but should continue to monitor legal developments closely.
