The Competition Authority of Kenya (CAK) is investigating several undisclosed banks for allegedly fixing foreign exchange…
Category: Business News in Kenya
Kensalt increases prices marginally over high costs of production
In a rare move, Mombasa-based salt producer KenSalt Limited has increased the price of salt by…
Kenyan economy to overtake Angola as Ethiopia widens lead
The International Monetary Fund (IMF) has projected that the size of Kenya’s economy will overtake that…
Why cash from Kenyans in South Africa shrank 13 times
Dollar inflows from Kenyans living in South Africa have shrunk 13 times over the past three…
Kenya Airways risks losing millions to Boeing for planes deposit
Kenya Airways is fighting to save a Sh310 million deposit it made with US plane maker…
Owners Of Three Local Oil Companies Awarded Lucrative New Gov’t Tender Unmasked
The first consignment of oil imports from the Gulf States under the new government-to-government deal arrives…
Uganda’s Lato milk eyes Kenya buyout in IFC deal
Uganda’s Pearl Dairy Farms Limited, owners of the Lato milk brand, is targeting an acquisition in…
Treasury paid Sh6bn Telkom cash without permission, MPs told
The Office of the Attorney-General (AG) has distanced itself from the deal that saw the government…
Chinese dominance fuels US firms’ scramble for Kenya
A raging battle for resources between China and the US is behind the scramble for Kenya…
David Ndii: Govt is in financial abyss, struggling to pay salaries
The government is in a financial abyss and struggling to pay salaries, the President’s economic adviser has…