Kenya Shilling Regains Half of its Lost Value in Four Years
Consumers in the country could soon feel the relief from costly products on the back of the strengthening Kenyan shilling which ceased its tumble against the US dollar sometime back…
Breaking News Africa
Consumers in the country could soon feel the relief from costly products on the back of the strengthening Kenyan shilling which ceased its tumble against the US dollar sometime back…
Kiharu MP Ndindi Nyoro has purchased 20 million shares in infrastructure company TransCentury Plc, placing him fourth among the top shareholders of the Nairobi Securities Exchange (NSE)-listed firm. Mr Nyoro’s…
By Eric Omwombo Siaya county leadership attended the International Investment Conference in Homabay where investment deals meant to benefit Siaya were negotiated. The forum that attracted international investors keen on…
Kenya still faces a significant risk of debt distress despite a Sh218.53 billion ($1.5 billion) new Eurobond issue that helped to calm foreign investor jitters over the possibility of the…
The Kenyan shilling has made a strong turnaround against the US dollar this week, moving towards the most potent levels since March last year, mainly on investor confidence and increased…
Police in Gem Yala, Siaya County are investigating the death of a 40-year-old man who died by suicide. The incident closely follows on two other homicide cases to have occurred…
A Magistrate’s court has acquitted businessman Yagnesh Devani and four others who had been charged with conspiring to defraud Kenya Commercial Bank Sh1.9 billion through Triton Petroleum Company. Milimani Magistrate…
Kenyan investor Mihr Thakar has filed a case at the Capital Markets Tribunal contesting the extension of the suspension of the trading of Kenya Airways (KQ) shares at the Nairobi…
By Veerakumar Natarajan Veerakumar Natrajan, Country Head – Kenya, Zoho Corp, underscores five compelling reasons to initiate data analysis for business, social media campaigns, and the potential adoption of business…
Safaricom’s mobile money platform, M-Pesa was down for close to three hours on Tuesday prompting users to wonder whether the government of Kenya was synchronizing KRA Personal Identity Numbers (PIN)…
Kenya ranks as the fourth-largest borrower from the International Development Association (IDA)—the World Bank’s soft loan arm—securing $2.01 billion (Sh316.78 billion) in low-interest loans for the fiscal year ending June…
Banknote printer De La Rue has spent an additional £1.3 million (Sh258.6 million) to lay off staff, write off assets and pay lawyers , bringing the cumulative spending on closing…
KEY POINTS In January 2023, Forbes reported that Africa’s 19 billionaires had a combined wealth of $81.8 billion, with Nigeria’s Aliko Dangote as the richest for the 12th consecutive year.…
A man was charged with one count of electronic fraud and theft following an ingenious transfer of 7 billion shillings from Airtel Money account to various mobile numbers. He deliberately…
President William Ruto’s administration plans to raid taxpayers for an additional KES 361.80 billion to fund his second full-year budget, which is set to cross the KES 4 trillion mark…
With Simon Bodo Much as we would want to commend our president for the efforts he puts in ensuring that the country’s economy improves, we would also point out the…
By Eric Omwombo The leadership of Micro Small and Medium Enterprises in the East African region have embarked on expansive consultations to decide which Country to host the 24th SME’s…
The Kenya Bureau of Standards (KEBS) has declared the cooking oil imported by the Government of Kenya as unfit for human consumption. In its letter dated 5th September and addressed…
The Kenya Revenue Authority (KRA) has flagged a message going around social media about the authority seeking to tax till numbers, labelling it as fake. Taking to the X platform,…
New taxes for drivers and conductors have been introduced to boost revenue collection by at least KES 270 million per annum from the estimated 50,000 matatus countrywide. From January 1…