Kenya Airways posts worst-ever loss

The national carrier Kenya Airways (KQ) has reported a Sh38.26 billion net loss for the full…

What The Latest Interest Rate Hike Means For You

The Fed just raised interest rates again. Here’s what it means for us regular folks. There…

South African budget carrier Airlink launches daily Joburg-Nairobi flights

South African budget carrier Airlink will in April start direct flights from Johannesburg to Nairobi stepping…

Win for loan guarantors in failed asset auctions

A financial lender cannot go for a loan guarantor after auctioning assets of the principal borrower…

Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000

NEW YORK (AP) — Amazon plans to eliminate 9,000 more jobs in the next few weeks,…

Banking giant UBS is acquiring smaller rival Credit Suisse

BERN, Switzerland (AP) — Banking giant UBS is buying its smaller rival Credit Suisse in an…

Tsavo Power decommissions 75MW Mombasa thermal plant

Tsavo Power Company is seeking to decommission its 75-megawatt (MW) thermal power plant located at Kipevu…

Nock exclusion from Gulf oil deal angers legislators

MPs have protested at the exclusion of the State-owned National Oil Corporation of Kenya (Nock) from…

Big banks create $30B rescue package for First Republic

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

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…