The Kenya Shilling has hit a new record low of Ksh.119 against the US dollar as…
Category: Business News in Kenya
CMA grills Kakuzi boss, CFO over Britain money transfers
The Capital Markets Authority (CMA) has questioned the chief executive and finance director of listed food…
How Kenyan banks are pricing their loans
Since 2014, Kenyan banks have been using the annual percentage rate (APR) pricing mechanism to show…
Kenya Power to pilot electric car charging stations in Nairobi, Nakuru
Kenya Power will next month begin a six-month trial on electric car charging stations in Nairobi…
KCB to buy DRC-based Trust Merchant Bank
KCB has made entry into the Democratic Republic (DRC) ending many years of search for an…
CBK grants Egypt’s Banque Misr–S.A.E. licence
Egypt’s second-largest lender Banque Misr–S.A.E. has acquired a licence to operate a representative office in Kenya,…
Indian government to buy Sh356.5bn Tullow Oil stake in Turkana
Two Indian state-backed companies are in talks to acquire Tullow Oil’s stake in Turkana oil projects…
Treasury extends duty-free maize imports by 2 months
The government has extended duty-free maize imports for two more months to allow maize importers to…
Airtel saves Sh2.5bn on taxes as earnings improve
Airtel’s Kenya business has saved $21 million (Sh2.5 billion) in taxes after making the initial recognition…
Tourism blooms in Masai Mara with full bookings in lodges
It is all systems go ahead of this year’s wildebeest migration on the Masai Mara National…