- Kenya is considering the possibility of easing regulations on cryptocurrencies, marking a notable change in the country's approach to digital assets.
- The lenders are taking a cue from increasing debt security sales amid concerns that the resulting higher interest rates on bank loans could lower consumer demand for fresh borrowings.
- Loss of electricity during the transmission and distribution process has increased to 23 per cent due to factors such as high rates of theft by customers and tender wars.
- MSMEs have been positioned by players in the banking sector as the reliable pathway for financial institutions to drive and achieve their sustainability agenda.
- Kenya's largest banks have allocated a total of Sh60 billion for loan losses so far in the past nine months due to concerns about a slowdown in the country's economy.
- Local community offered 15 per cent of shares through the Kipsigis Highlands Multipurpose Cooperative Society. Saosa tea extraction facility will remain under Finlay's ownership.
- Over 29 million tonnes of cargo recorded between January and October on improved efficiency. KPA managing director attributes the performance largely to infrastructure development.
- IMO is set to conduct elections for its 40-member council on December 1 at its headquarters in London. The elections will cover categories A, B and C, comprising 40 members of the council.
- Experts have called for close cooperation between countries in Africa to prevent the likelihood of criminals using nuclear and radioactive material to cause harm.
- New rules require business entities to seek KRA assistance within 24 hours if the ETR systems malfunction. Move highlights State's suspicion that some traders may attempt to evade taxes.
- Tourism stakeholders have raised safety concerns after colleagues sustained injuries following an attack at the Pinewood Beach Resort and Spa in Diani Kwale County.
- Charles Khacheso Washika, the Director of ICT and Innovation at the Cooperative Bank of Kenya, has been named the Chief Information Officer of the Year 2023.
- Standard Investment Bank (SIB) has unveiled a Shariah-compliant investment banking division dubbed SIB Najah, and the division's flagship product, MansaX Shariah.
- United Bank for Africa (UBA), Nigeria's pan-African bank, has announced its plans to expand its lending operations in Kenya, the largest economy in East Africa
- United Bank for Africa (UBA), Nigeria's pan-African bank, has announced its plans to expand its lending operations in Kenya, the largest economy in East Africa
- Prominent tour operators and media representatives from India are in Kenya for a tourism convention under the Outbound Tour Operators Association of India.
- Employers say business costs are becoming unmanageable and could result in closures. Crown Paints and WPP Scangroup caution investors of a possible drop in full-year profit.
- Last year, the company lowered its carbon emissions by 3.2 per cent and achieved a 5.5 per cent increase in the use of alternative fuels in its operations.
- Amount owed to the Spanish company threatens to mar diplomatic relations. Taxpayer stands to lose Sh229 million over failure to discharge President's directive.
- Tier one lenders NCBA Group, Absa Bank Kenya, I&M and StanChart grew their third-quarter profits even as concerns mounted on the outlook of the economy in the remainder of the year.
- Over the past decade, the number of passengers carried worldwide grew at an average annual rate of around seven per cent, putting the total at over four billion passengers per year.
- Court has dismissed a case filed by Telecom Kenya Ltd, questioning the CA's failure to give it the green light to connect Kenya to a high-speed undersea cable from China.
- The creation of a Super Energy Service Company within the firm is being financed by the African Development Bank. It is part of the reforms introduced by the Kenya Kwanza administration.
- There exists a myriad of opportunities in Kenya in the affordable housing space and if some interventions are made, the market can be expanded to cover the low and middle-income.
- KPC cautions that Tanzania is becoming a cheaper route for transit fuel in the region. Kenyans to pay more if the firm loses its 51 per cent revenue from neighbouring countries.
- The Buxton housing project not only addresses the critical need for affordable housing but also contributes to the empowerment and upliftment of the Buxton community
- Fossil fuels, including coal, oil, and gas are a major driver of the cost of living crisis, which is stretching billions of household budgets to near breaking point.
- The reforms have seen some players miss the licenses they have been getting automatically. The reforms aim to have the farmer play his/her role in the coffee value chain.
- Transport Cabinet Secretary Kipchumba Murkomen has told the Senate that the government is working towards settling the Sh150 billion pending bills owed to contractors.
- Agency says owners have 30 days to pay the requisite taxes or lose their cargo. Taxman has been aggressively pursuing tax evaders as it seeks to meet revenue targets.
- Participants at the second Global Media Congress discuss the way forward in a fast-evolving world amid news consumers changing habits and emerging new technologies.
- By diversifying savings and investment strategies with money market funds, you can take a proactive step toward financial resilience and stability in an ever-changing economic landscape.
- With no tangible benefit, workers took a 4 per cent pay cut. Employers too have taken a hit, forced to contribute a like amount. These punitive measures should not go unquestioned.
- Kenya, like many emerging economies, has had a fair share of economic ups and downs. Inflation rates have soared, the cost of living has escalated, and the shilling is depreciating.