The gap between Kenya’s richest and poorest widened after a dip during the peak of the…
Category: Business
Saudi Arabia overtakes China as Kenya’s top import market
Saudi Arabia overtook China, India and the United Arabs Emirates (UAE) to become Kenya’s biggest single…
Kenyans abroad avoiding banks on sending money home
Kenyans living and working abroad increasingly avoided banks when wiring cash home in favour of less…
Fuel dealers in deal to convert Sh45bn subsidy arrears into bond
Oil marketers have presented a proposal to the Treasury for the conversion of fuel subsidy arrears…
CBK allows interest-free Lipa na M-Pesa loans plan
The Central Bank of Kenya (CBK) has finally cleared a Safaricom-backed zero-interest credit service for the…
Indian airline Indigo adds Nairobi route in global expansion
Indian airline Indigo has announced plans to add six new destinations across Asia, and Africa in…
Kenya’s trade surplus with Africa hits record levels
Kenya’s goods trade surplus with Africa reached record levels in the first three months of the…
Bank run scare on CBK plan to issue digital currencies
Kenyan financial industry players, including banks, have warned that issuing a Central Bank Digital Currency (CBDC)…
Four banks shortlisted as lead arrangers for new Eurobond
Four banks have been shortlisted as potential lead arrangers for Kenya’s planned return to the global…
Saudi Arabia Is Slashing Oil Supply — And It Could Mean Higher Gas Prices
FRANKFURT, Germany (AP) — Saudi Arabia will reduce how much oil it sends to the global…