Safaricom, in partnership with Gulf African Bank, has launched Halal Pesa, the first Sharia-compliant mobile and…
Category: Business News in Kenya
Broke Resolution Health suspends non-medical cover
Resolution Insurance has suspended issuance of non-medical covers for 90 days, pointing to the deepening cash…
Deal that saw Ecobank kicked off forex market
A Sh1.14 billion transaction by a large tea firm triggered the suspension of pan-African lender Ecobank…
Britania biscuits maker cited for Sh1bn forgery ahead of takeover
Biscuit maker Britania has been accused in court of cooking books ahead of selling the confectionery…
DRC officially joins EAC four years after it applied
The Democratic Republic of Congo (DRC) has been officially admitted into the East African Community (EAC),…
CBK suspends Ecobank for breaches in forex market
The Central Bank of Kenya(CBK) yesterday suspended Pan African lender, Ecobank from foreign exchange trading—the second…
Fuel dealers blame shortage in North Rift on price mismatch
Independent petroleum dealers in the North Rift have blamed the ongoing fuel shortage in the region…
Civil servants pocket record Sh1bn monthly travel perks
Spending by civil servants on local trips in the first half of a financial year hit…
Debt payments surpass State running expenses
Debt repayments will for the first overtake the national government’s recurrent spending on items like civil…
Speaker halts Sh3.3trn budget on revenue-sharing Bill delay
Treasury Cabinet secretary Ukur Yatani will not read the Sh3.31 trillion budget for the financial year…