Big banks create $30B rescue package for First Republic

NEW YORK (AP) — Eleven of the biggest banks in the country announced a $30 billion…

5 Questions You Should Ask A New Boss Right Away

Your direct manager can make or break your job, so it’s critical to get on the…

Dollar breaks above Sh145 as market ignores CBK rate

The price of buying dollars in banking halls and forex bureaus has crossed a record Sh145…

Credit Suisse shares soar after central bank aid announced

GENEVA (AP) — Credit Suisse’s shares soared 30% on Thursday after it announced it will move…

Bank runs used to be slow. The digital era sped them up

NEW YORK (AP) — A bank run conjures images of “It’s a Wonderful Life,” with anxious…

Kenya renegotiates Arror, Kimwarer Sh19bn defaulted Italian loans

Kenya and Italy have agreed to renegotiate the Sh19.8 billion controversial loan that Nairobi took to…

Cheques from rival banks to be cleared in a day

Bank customers who pay cheques from rival lenders into their accounts will be able to get…

Oil marketers to pay for fuel imports in Kenyan shilling as shortage looms

Local oil companies will pay for oil imported on credit through a government-to-government deal in Kenya…

Dollar shortage to worsen as dividends repatriation starts

Dividend repatriations by listed multinationals and firms with significant foreign shareholding look set to worsen the…

Hydropower generation at record low on drought

Hydropower generation hit a record low in February due to the ongoing drought that has nearly…