Business

31 May 2022 - House team wants country to look for economic growth opportunities from a wider perspective given the debilitating effects of the current conflict between the pair and hit on export and imports

31 May 2022 - The East African Breweries Plc (EABL) has commissioned the construction of a Sh1billion microbrewery that will serve as an innovation centre for alcoholic and

31 May 2022 - As per the 2021 World Economic Forum Global Risk report, “147 governments have defaulted on debts since 1960”.

31 May 2022 - Because its employees are disengaged, the business may come to a halt.

31 May 2022 - With a Sh846 billion deficit, the government is facing difficulties raising revenue to finance it.

31 May 2022 - Big players lock small-scale counterparts through advance bookings on airlines

31 May 2022 - Safaricom Investment Co-operative plans to construct a KSh 750 m housing project in Ruaka, Kiambu. The Miran Residence is a three-acre urban development that

31 May 2022 - One capital investment sequence should support many profitable cash operating cycles, and when the profit is turned into cash, it is used to pay the loan and expand.

31 May 2022 - Kenya Association of Manufacturers(KAM) has raised the red flag over the shortage of US dollars in the market and the impact on local industries.

31 May 2022 - ASL (African Startup League) has set a goal of funding over 10,000 startups in Africa each year, creating a robust continental-wide startup ecosystem and

31 May 2022 - CBK is banking on the strategy to cut friction between customers and digital payments providers, boost interoperability between payment platforms, introduce transparency in pricing.

31 May 2022 - East Africa is facing a threat of starvation following four failed rainy seasons, says a joint alert issued by humanitarian partners and metrological

31 May 2022 - With a smaller loss of Ksh73 million realized in a difficult year like 2021 where Covid-19 p******c hit most business, the business is riding an optimistic wave that 2022 will  be a better year, lifted for the most part by increased advertising related…

31 May 2022 - The shortage of dollars is triggering the emergence of parallel exchange rate that has seen lenders buying and selling well above the printed official rate.

31 May 2022 - CBK top organ, the Monetary Policy Committee(MPC), raised the benchmark rate from 7.00% to 7.50% during its meeting held on May 30th 2022. In a statement, the

31 May 2022 - Uchumi Supermarkets expects to receive Sh3 billion from the sale of its Lang’ata branch property, which was forcefully acquired by KDF last year.

31 May 2022 - This was a decline compared to 13 banks that were in violation of the Banking Act and Central Bank of Kenya (CBK) Prudential Guidelines in the year ending December 31, 2020.

31 May 2022 - Tendency of hiring jobless relatives can end in premium tears

31 May 2022 - Several importers are now behind their order schedule for a lack of the US currency.

31 May 2022 - Two commercial banks breached a CBK insider lending limit rule last year by giving loans to internal parties in excess of their core capital.

31 May 2022 - This was a decline compared to 13 banks that were in violation of the Banking Act and Central Bank of Kenya (CBK) Prudential Guidelines in the year ending December 31, 2020.

31 May 2022 - Business communities stand to benefit in renewed ties.

31 May 2022 - NUPEA was created in 2019

31 May 2022 - Even so, total deposits increased by 12.2 per cent to Sh4.6 trillion

31 May 2022 - The government is keen to have more SMEs registered into the formal space.

31 May 2022 - According to Epra, as of this month, there were 60 cases before courts relating to various liquified petroleum gas (LPG) malpractices.

31 May 2022 - Regional based insurer Sanlam Kenya Plc has posted a narrowed Ksh.542.4 million loss for the year ended December 31 2021 after restating a wider 2020 loss of Ksh.628.3 million.

31 May 2022 - The lucrative gin business, which is experiencing a renaissance globally, has been locally dominated by Diageo's EABL, which controls both the premium and bottom mass market.

31 May 2022 - The term of Uchumi Supermarkets Chief Executive Officer Mohamed Mohamed has lapsed amidst what has been a delayed start to the turnaround of the troubled retailer.

31 May 2022 - The government must now come up with economic policies that will put money in low-income earners’ pockets.

31 May 2022 - Partnership management ensures established sustainable continuity to the sponsoring cause and goal amongst the stakeholders.

31 May 2022 - Financial Standard's Macharia Kamau spoke to the operator of the road, Moja Express Public Relations Manager Jeanne Ong'iyo on the project's progress.

31 May 2022 - They are seen as the devil's advocate; they reap where they did not sow. Yet theirs, as Maurice Osundwa, an auctioneer says, is a business like any other.

31 May 2022 - Our participation in housing development projects will result in faster project implementation and will inform off-plan purchases from their customers.

31 May 2022 - The rush to grow market share comes at a time when streaming platforms like Netflix are experiencing a slowdown in growth in traditional market strongholds of North America and Europe.

31 May 2022 - The judge also quashed appointments of members of the board of directors of the NSC saying the recruitment was not subjected to public participation.

31 May 2022 - Mr Muchemi said he registered the name “JamboPay” in 2019, as an online payment gateway that allows users to make and receive payments through mobile phones.

31 May 2022 - A judge has dismissed a petition by tycoon Mike Maina seeking to block Nairobi County from demolishing Marble Arch Hotel.

31 May 2022 - The wise farmer knows that the productivity of the farm more than anything else depends on the choice of quality and variety of seeds.

31 May 2022 - CBK data shows that lenders opened three new branches in the rural counties of Isiolo and Trans Nzoia and two branches each in Embu, Kericho, Nyeri and Taita Taveta.

31 May 2022 - Parliament has not lived to the expectations that Kenyans envisaged when they promulgated the Constitution.

31 May 2022 - The 2017 elections did represent a step forward for women’s representation, compared to the those of 2013.

31 May 2022 - More than half of persons living with visual impairment used mobile phones more compared to those with communication and cognitive difficulties.

31 May 2022 - The latest CBK data shows that 14.1 percent of all loans were defaulted by end of April, the sharpest 12-month increase over a year.

31 May 2022 - Livestock PS Harry Kimtai said the team to visit Uganda is constituted but because of a milk shortage in the landlocked country, the mission has to be delayed.

31 May 2022 - Judge Maureen Onyango quashed the appointments in April last year, saying they were not subjected to a competitive process and lacked transparency.

31 May 2022 - EABL has invested Sh900 million to construct a new micro-brewery that will have a craft beer line at its Ruaraka-based headquarters.

31 May 2022 - The gig economy has experienced rapid growth patterns in recent years, owing to convenience in flexible working schedules.

31 May 2022 - The value of outstanding mortgages issued by local banks rose by 5.3 percent in the year ended December 2021.

31 May 2022 - The new borrowing is part of Sh433.1 billion that the Treasury is targeting from external lenders this financial year ending June.