The Kenyan economy contracted for the first time since the third quarter of 2008 as second…
Category: Business
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.…
Uganda regulator hands relief to Kenyan lenders
Uganda’s central bank has said foreign-based commercial banks do not need its approval to lend funds…
Loss-making firms rule NSE list of top gainers
Loss-making firms have dominated the top 10 list of stocks on the Nairobi Securities Exchange (NSE) that…
Bidco turns to the internet to lower power costs, drive sustainability
Bidco Africa Limited, East Africa’s leading manufacturer of Fast-Moving Consumer Goods (FMCG), has implemented a smart…
World Bank bans Kenyan tech firm over fraud
The World Bank has banned Kenyan IT firm, Techno Brain (Kenya) Limited and its United Arab…
Revealed: Tax evasion scheme costing Kenya millions of shillings daily at Namanga border
The country is losing millions of shillings daily in a tax evasion scheme between Kenya Revenue…
Tesco suspends avocado supply from Kakuzi Kenya on rights concerns
London, UK supermarket giant Tesco said Monday it had suspended the supply of avocados from a…
KRA to track traders’ daily sales in new law
The Kenya Revenue Authority (KRA) will start receiving real-time data on traders’ daily sales following the…
337 digital mobile lenders ejected from CRB listing
More than 337 unregulated digital mobile lenders and micro financiers have been barred from forwarding the…