Tullow Oil received approval from the Ugandan government for the sale of a $575 million (Sh62.1…
Category: Business News in Kenya
CBK opens new currency branch in Kisii
The Central Bank of Kenya has opened a new office in Kisii town easing the distribution…
Pressure on Kakuzi as more European firms cut orders
The fallout from human rights abuse claims against Kakuzi escalated this week after two more large European…
Telcos win big with nod on pay by phone gambling
Telecommunications and betting companies have won big after a committee of Parliament overturned a proposed law…
Loans shocker as banks demand hidden interest
When the Central Bank of Kenya announced in March that lenders would offer a repayment holiday…
TransCentury gets CMA’s greenlight to delay results
Troubled investment firm TransCentury has been given a lifeline after the capital markets regulator allowed it to…
Kenya Tourism Board nominated for excellence in policy making
The Kenya Tourism Board (KTB) has been nominated for the 2020 Africa Tourism Leadership Awards ‘Leading…
Hope as clouds over economic growth scatter
The country witnessed its darkest three-month period between April and June when it closed for business,…
Kenyan economy shrinks for the first time since September 2008
The Kenyan economy contracted for the first time since the third quarter of 2008 as second…
Broke Kenyans take a record Sh245b Fuliza loans
Every second, Safaricom processes six transactions or 492,480 overdraft requests per day to bail out borrowers.…