16 May 2023
- The Court of Appeal has declined to suspend a deal struck between Equity Bank and the administrators of a former Kiambu tycoon, Samuel Gatabaki.
16 May 2023
- The court has handed manufacturers temporary relief after blocking the Kenya Revenue Authority (KRA) from doubling excise stamp taxes on beer, bottled water and cosmetics.
15 May 2023
- The President has appointed former Housing Principal Secretary Irungu Nyakera as the new board chair and Dr Andrew Mulwa as the acting CEO.
15 May 2023
- Reitumetse Kholumo, the 25-year-old founder of Kwela Brews, is working to ensure that indigenous knowledge systems and makers of homegrown alcohol (umqombothi) earn their rightful place in South Africa’s formal economy. In apartheid-era South Africa, it…
15 May 2023
- Poor households have been hit hard as the price of kerosene increased by Sh15 a litre following the government's withdrawal of subsidy on all petroleum products.
15 May 2023
- By Chetan Ratna The Energy Internet presents a futuristic evolution of electricity systems and is conceptualised as an energy-sharing network. The research paper Energy Internet – the Future of Electricity theorises the sharing of network resources will…
15 May 2023
- M-KOPA has announced it successfully closed over $250 million (Ksh34 billion) in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and…
15 May 2023
- Savannah Cement had fought an ultimately futile legal battle over the past year disputing the debts of over Ksh7 billion owed to KCB Bank and over Ksh3 billion owed to Absa Bank.
15 May 2023
- KCB Bank has dethroned Equity as the largest lender in the country by assets on the back of an aggressive expansion of foreign subsidiaries.
15 May 2023
- With vast interests in real estate, hospitality, media, manufacturing, transport and agriculture among other sectors, the family of the late former President Daniel Arap Moi is one of Kenya's wealthiest. Former Senator Gideon Moi, also his political…
15 May 2023
- Fuel prices rose to a historic high on Sunday after the complete removal of a subsidy that had cushioned Kenyans, setting the stage for a spike in the cost of living.
15 May 2023
- After the MtGox hack, Tokyo put in place tough rules that later protected FTX customers. Now, from that secure base, it’s moving to allow blockchain technologies to flourish. More than a million investors around the world were left stranded when FTX…
15 May 2023
- Under the new tariff, Kenya Power has classified consumers into three categories. The first group will be the low consumers (below 30 units a month). The second category are those who consume more than 30 but less than 100 units; while the third one is…
15 May 2023
- The government has completely removed the subsidy on diesel and kerosene, marking the end of the fuel subsidy programme even as fuel prices hike. In an announcement on Sunday night, the Energy & Petroleum Regulatory Authority (EPRA) increased the…
15 May 2023
- Most firms struggling to recover from myriad of social-economic pressures.
An employee earning a monthly salary of Sh35,000 will take home almost Sh25,000, despite the cost of living almost doubling.
15 May 2023
- KCB's total assets stood at Sh1.55 trillion in the year ending December, compared to Equity's total assets of Sh1.44 trillion, regulatory filings show.
15 May 2023
- Allowing wealthy Kenyans to buy helicopters cheaply through tax cuts as proposed in the Finance Bill is an unfair step by the government.
