5 months ago
Kaspersky, a leading cybersecurity firm, has unveiled alarming statistics in its latest report, revealing a substantial uptick in cyber threats in Kenya throughout 2023.
5 months ago
5 months ago
5 months ago
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NSE November deals up 3.9% stirring the markets
5 months ago
Contrasting fortunes of gainers and losers in November underscore the importance of a diversified and well-informed investment strategy in the ever-evolving landscape of the Nairobi Securities Exchange
NCBA Group Targets Doubling Market Share in Kenya's Thriving Deposits Sector
5 months ago
The bank aims to secure a 26% market share within the next two years, intensifying competition with key rival Co-operative Bank of Kenya Ltd.
Chinese firm taps CP Cables to Boost Broadband Access in Kenya and Uganda
5 months ago
The collaboration aims to address the limited broadband access in the region and is particularly significant for Kenya, which serves as a key connection point to the interior of Africa with more than five fiber optic links to Europe and Asia.
Profit warnings, losses as companies Lay off 70,000 employees
5 months ago
Profit warnings, losses as companies Lay off 70,000 employees
Azimio wants IMF act repealed
5 months ago
The Azimio la Umoja coalition, has been a vocal critic of what it perceives as the detrimental impact of IMF-imposed policies on the economy. The National Dialogue Commit...
Debt committee raise red flag over Sh36b multi-currency loan
5 months ago
The loan which is denominated in both US dollars and euros and borrowed from Eastern and Southern Africa Trade Development Bank, has raised eyebrows due to its substantial size and the terms associated with its repayment.
IMF and World Bank deepen influence over Kenyan debt
5 months ago
Kenya President William officially confirmed, in a post on X, that the IMF has extended a staggering amount of over Sh687 billion to Kenya.
External debt surge by Sh382b in four months
5 months ago
The CBK's report identifies the exchange rate as a primary driver of the surge, indicating that currency fluctuations have played a pivotal role in shaping Kenya's debt landscape.
Equity Bank Reports Robust Financial Performance for the Third Quarter
6 months ago
Additionally, interest income from government securities experienced a notable increase, rising by 21 percent to Sh36 billion. This diversification in income sources underscores Equity Bank's strategic approach to managing its investment portfolio.
Tullow secures $400m debt facility agreement
6 months ago
This development marks a substantial step in Tullow's refinancing strategy, bolstering its financial position and enabling strategic moves in the coming years.
Kenyan developer to set up smart city in DRC
6 months ago
As countries in the region continue to experience substantial urbanization, the demand for quality housing, commercial spaces, and infrastructure has soared with Kinshasa catching the groove.
Swiss firm taps Nairobi Safari Club in partnership
6 months ago
The four-star hotel, located in the Central Business District's Lilian Towers, is owned by local firm Mukawa (Hotels) Holdings Ltd.
Tuskys creditors meet to address claims
6 months ago
Following the collapse of Tuskys Ltd, the company has announced a creditors' meeting to address outstanding debts and claims.
Sasini projects significant dip in profits
6 months ago
The severe drought experienced during the initial six months of the year had a particularly adverse impact on the company's performance.The severe drought experienced during the initial six months of the year had a particularly adverse impact on the compa
KRA knocks at the door of Airbnb for data collection
6 months ago
This move comes at a time when Kenya is actively pursuing online businesses over tax compliance to bridge the hole left by digitization.
British investor divests from I&M Group
6 months ago
On November 3, 2023, British International Investment Plc officially informed I&M Bank about its decision to divest its substantial shareholding in the company, representing approximately 10.3 percent of the issued share capital.
Tax hike uncertainties firm Fitch downgrading of Kenya
6 months ago
The primary factors cited by Fitch Ratings for this downgrade include Kenya's elevated funding requirements and the considerable uncertainty surrounding its fiscal trajectory.
The Salaries of State Officers Inflated by Millions in 2023/24 Budget
6 months ago
Allocations to the Consolidated Fund Services (CFS), held by the National Treasury, reveal a nearly tripled salary budget for these officeholders, despite them being entitled to their gazetted amounts.
KRA pressure hit fever pitch as consumers start feeling heat
6 months ago
The exemption applies to travelers who have spent more than 24 hours outside the East African Community Partner State.
Kenya makes Sh210b payment for G-2-G oil deals with Emirates
6 months ago
This system differs from the previous one-month settlement process and is part of a G-to-G deal intended to reduce demand for the US dollar and support the weakening Kenyan shilling.
