For a country dangerously addicted to debt as it battles unrelenting inflation, daily weakening of the…
Category: Business News in Kenya
Kenya political impasse wrecks economy, pushes traders to Central Corridor
Regional business lobby East African Business Council is warning of huge disruptions to cross-border trade and…
Brookside lays off half of its staff in Uganda
Brookside lays off half its Ugandan staff due to export restrictions Brookside Limited, a dairy processing…
State finds buyer for Sh15bn stake in Portland Cement
The government has found a deep-pocketed buyer for a 30 percent stake in East African Portland…
NCBA joins Equity in loan interest rate increase
NCBA Group has become the second bank after Equity Bank to increase the cost of loans…
Naivas founders eye Sh5.8bn as foreigners seize control
The family of Peter Mukuha Kago, the founder of Naivas, is set to sell an extra…
Equity becomes first bank to raise loan interest to reflect new CBK rate
Equity Bank has become the first lender to announce an increase in loan prices in line…
Kenyan car buyers hit by 35pc import duty in EAC deal
Kenyan car buyers have been hit by a 35 percent import duty after the East African…
Treasury gets five years to trim debt to 55pc of GDP
The Treasury has five years to bring down the country’s level of debt to 55 percent…
What you need to know before taking a logbook loan in Kenya
Logbook loans offered by non-bank financial institutions in Kenya can come in handy when in need…