Kenya’s leading telecommunication firm Safaricom has recorded a 1.7 per cent net profit drop to Sh67.49 billion. The…
Category: Business News in Kenya
Pula, Sendy among World Economic Forum top 100 global tech pioneers
Three Kenyan tech firms have emerged among the top 100 global firms poised to have a…
Dollar shortage hits operations of Kenya-based oil marketers
The shortage of US dollars is affecting the operations of oil marketers who ship in refined…
Bitcoin falls to Ksh.3 million level, lowest since July 2021
Bitcoin slumped to Ksh.3.4 million ($30,000) for the first time since July 2021 on Tuesday as…
EAC adopts new tax rate to protect infant industries
Trade and finance ministers in the East African Community (EAC) have adopted a 35 percent levy…
Anxiety over vehicle leasing audit
Anxiety has gripped car dealers and financial institutions as the National Treasury moves to audit the…
Prices of metal to remain sky high during this year
Metal products are likely to remain expensive this year after the commodity recorded the highest jump…
KQ signs deal with Ghana based airline to grow West Africa reach
National carrier Kenya Airways (KQ) has inked a codeshare agreement with Africa World Airlines, a West…
Imported meat, alcohol to cost more as EAC agrees on higher tariff
Imported meat, dairy, alcoholic drinks to cost more as EAC agrees on 35pc common tariff. Imports…
IMF drops tough stance on Kenya’s fuel subsidy
Kenyan officials resisted the push by the International Monetary Fund (IMF) to scrap the fuel subsidy…