- Foreign exchange reserves are largely tapped for government payments such as servicing external debts and essential government imports such as medicines.
- With a tumultuous past many months, the excitement seemed to have faded and as Ruto tries to steer the ship through troubled waters, disquiet looms within.
- Many tenants in and around the city find themselves in a predicament where they are forced to live in improper housing units that might even compromise their safety due to poor workmanship.
- CBK has warned of fines of up to Sh20 million for not disclosing true owners of financial institutions. Banks are among outfits providing convenient conduits through which money flows.
- The latest audit report indicates that 687 staff have been hired to positions created without authorisation or seconded to posts above the approved headcount.
- KRC also expects to move from an operating loss of Sh2.4 billion in the 2022/2023 financial year to an operating profit of Ksh. 9.09 billion in 2027/28 financial year.
- Agriculture Cabinet Secretary Mithuka Linturi has announced that the government will distribute 1.8 billion pyrethrum seedlings to farmers across the country.
- Cabinet Secretary Mithika Linturi said the equipment is significant in realising the government's vision of improving grain value chains and achieving 100 percent food security.
- A fortnight ago, the government rolled out the process of leasing the mills to bidders who will take over the mills' office buildings, machinery and nucleus farms for 20 years.
- Absa Bank Kenya will provide mortgages with terms of up to 25 years for existing and prospective investors seeking to buy housing units at Pazuri in Vipingo.
- Kenya plans to commission its first plant by 2035 with a site already identified at the Coast. Agencies mandated to spearhead the programme seek collaboration with other sector players.
- Official says Tea Board of Kenya met on January 26 and approved the factory's license. New satellite factory projected to ease congestion at the main milling plant.
- The Ministry of Agriculture has announced plans to increase rice production from 674,000 acres to 1 million to reduce importation, which stands at 80 per cent.
- The UN Economic Commission for Africa has stated that the Group of 77 countries plus China serves as a significant platform for developing nations to ensure their collective voices are heard.
- Ruto said the Executive alone cannot achieve its ambitious plan of creating jobs through the Affordable Housing Programme, digital jobs and export of labour.
- Spiro has established an assembling plant in Mombasa and is now a leading provider of electric two-wheelers in Africa, with a presence in Kenya, Benin, Togo, Rwanda, and Uganda.
- EABL says multiple excise tax increases in Kenya and inflation have exacerbated consumer prices and have particularly impacted price-sensitive consumers.
- Kuramo Capital has applied to Comesa for approval to raise its stake to 74 per cent. Equity investor last year injected Sh3.2 billion to help firm avoid defaulting on bond.
- Prices of goods and services continue to rise as local unit falls against dollar. Economists say government must take measures to assure investors of currency stability.
- Some of the gaps in data are how unsecured loans have crowded out mortgages and the lack of affordability classifications in loans from Saccos advanced for housing purposes.
- This follows another outage on Monday, leaving millions of users stranded. An operator found in breach risks a fine of up to 0.2 per cent of its revenues, which could run into hundreds of millions.
- Putting up a home has become more expensive in the last one year as new data showed prices of metal doors and windows increased the most over the period.
- Kiritiri market is the largest in Mbeere South, and traders said the bank will make it easy for them to deposit huge sums of money from the sale of farm produce.
- Kenya has been elected to chair the United Nations World Tourism Organisation (UNWTO) Committee on Tourism and Competitiveness, solidifying its position as a leader in the global tourism industry.
- Earlier this month, four fishermen were seriously injured at Ras Kiamboni on the Kenya Somalia border when a fishing boat christened FV Paradise caught fire after a petrol jerrycan exploded.
- The Moi International Airport (MIA) is the first airport in the country that the government has opened up to international flights in a bid to push up tourism.
- AfDB and the UK have announced that Kenya's Transmission Network Improvement Project had been selected as a beneficiary project under the Room to Run Sovereign transaction (R2RS).
- Kampala, which has in recent months threatened to shift to Dar port, had transit market share of 62.4 percent last year. South Sudan comes second commanding a market share of 16.7 percent.
- COTU Secretary General Francis Atwoli asked the Ministry of Finance and the Central Bank to craft ways of stabilising the shilling to save Kenyans from harsh economic times.
- Chelugui said the government would ensure seamless transfer of devolved functions as enshrined in the Constitution to ensure uninterrupted service delivery.
- IMF is cautioning the government on better management of the subsidies and their complete overhaul by March this year as part of its stringent conditions for release of its billions.
- The partnership seeking to bring about transformative change is in line with collaborative efforts to tackle the dual challenges of youth unemployment and digital exclusion.
- We cannot, after all, talk about real financial inclusion if someone can access a business loan but still has to approach informal lenders to pay for their child's school uniforms and stationery.
- Business has been good since he started the business after starting out hawking roasted peanuts in different parts of Nairobi, where he averaged 5kg a week.
