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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

State House spokesman says Ruto's Berlin visit eyes 250,000 new diaspora jobs

A key highlight of Ruto's visit will be the signing of the "Comprehensive Migration and Mobility Partnership" agreement.

State House spokesman says Ruto's Berlin visit eyes 250,000 new diaspora jobs

IMF acid test for Mbadi's plan to cut taxes in the next budget

IMF acid test for Mbadi's plan to cut taxes in the next budget

Eyes on banks to cut loan rates as Equity leads the way

Eyes on banks to cut loan rates as Equity leads the way

122 benefit from AAR's free diabetes screening clinic

122 benefit from AAR's free diabetes screening clinic

Banks with the priciest, cheapest loans revealed in analysis

CBK data reveals a competitive landscape among Tier-I banks, particularly regarding long-term loan offerings, with interest rates generally ranging between 13-18 per cent.

Banks with the priciest, cheapest loans revealed in analysis

Kenya to enact strict food safety laws amid growing concerns

The government has drafted the Food and Feed Safety Control Coordination Bill that seeks to create a clear framework for regulatory control.

Kenya to enact strict food safety laws amid growing concerns

Julius Mwale in court over 'fabricated' investment promises to US couple

The Shaws allege that the Mwales lured them into a complex investment scheme through extravagant promises and fabricated wealth.

Julius Mwale in court over 'fabricated' investment promises to US couple

Borrowers spoilt for choice as CBK report shows lending rates

Recent survey projected banks could increase lending activities due to higher liquidity.

Borrowers spoilt for choice as CBK report shows lending rates

Kenya risks American wrath if it blocks Musk's Starlink entry

Kenya risks incurring the wrath of the American government by attempting to block Elon Musk’s Starlink satellite internet service from expanding in the Kenyan market.

Kenya risks American wrath if it blocks Musk's Starlink entry

Debt headache for Ruto amid credit downgrade

President William Ruto’s administration is now facing a fresh headache in the form of higher borrowing costs after a third global rating agency downgraded Kenya’s credit rating.

Debt headache for Ruto amid credit downgrade

NCBA proposes Sh2.25 dividend as profit hits Sh9.8b

NCBA Group posted a five per cent jump in profit after tax of Sh9.8 billion in the first half of the year on higher income.

NCBA proposes Sh2.25 dividend as profit hits Sh9.8b

NSE bond market crosses Sh1 trillion mark for first time

The NSE bond market has reached a milestone, crossing the Sh1 trillion mark in cumulative turnover for the first time in the history of the Exchange.

NSE bond market crosses Sh1 trillion mark for first time

CBK defends Sh15bn secret currency printing tender to German firm

The Central Bank has defended secretly awarding a Sh15 billion ($109.42 million) tender to a German company to print new currency notes, saying the process was above board.

CBK defends Sh15bn secret currency printing tender to German firm

KRA turns to AI to catch tax cheats

KRA plans to roll out a new Artificial Intelligence-powered system to seal loopholes in tax collection amid pressure to meet higher collection targets to plug an ever-widening budget deficit.

KRA turns to AI to catch tax cheats

Mounting Sacco woes turn spotlight on industry regulator

Recent controversies at Kenya Police Sacco and National Metropolitan Sacco highlight growing concerns about the future of key sector.

Mounting Sacco woes turn spotlight on industry regulator

Madison Investment partners with CISI to boost client services

Madison Investment Managers Limited has partnered with CISI to enhance the knowledge and skills of its staff in capital markets products and services.

Madison Investment partners with CISI to boost client services

Major boost for Nairobi bourse as listed firms join key global indices

Move is seen as a reflection of the success of the structural market reforms that have positively impacted Kenya's equity market.

Major boost for Nairobi bourse as listed firms join key global indices

Co-op Bank lauds Morgan Stanley listing as Profit hits Sh13bn

Co-op Bank has welcomed the listing of its stock by the New York-based Morgan Stanley index as it posted a 7 per cent jump in net earnings to Sh13 billion for the first six months of the year.

Co-op Bank lauds Morgan Stanley listing as Profit hits Sh13bn

Trouble rocks giant police Sacco amid governance concerns

The Kenya Police Sacco is facing growing discontent among its members, who are demanding the resignation of the organization's top officials over allegations of mismanagement.

Trouble rocks giant police Sacco amid governance concerns

Equity Bank expands insurance offerings as profit rises to Sh29b

The insurance subsidiary reported a 27 per cent rise in revenue to Sh1.03 billion, underscoring the bank’s ambitions in the sector.

Equity Bank expands insurance offerings as profit rises to Sh29b

How taxpayers lost billions in edible oils scandal

The report says the government spent Sh14.45 billion to import over 2.8 million 20-litre jerrycans of edible oils out of which only Sh12.05 billion was paid.

How taxpayers lost billions in edible oils scandal

4,459 Kenyans seek greener pastures in US

The number of Kenyans migrating to the US under the green card initiative is set to rise this year amid a worsening economic crisis that has resulted in diminishing job opportunities.

4,459 Kenyans seek greener pastures in US

State tipped on tackling ticking Gen Z 'time bomb'

The government has been urged to urgently foster an enabling environment for digital innovation and entrepreneurship among the youth, popularly known as Gen Zs.

State tipped on tackling ticking Gen Z 'time bomb'

Kenya, US in rush to conclude free trade pact as Biden leaves

The two nations will conclude a seventh round of negotiations today as the two countries aim to fast-track the deal.

Kenya, US in rush to conclude free trade pact as Biden leaves

Banks to start spying on customer transactions after CBK directive

Guidelines requires banks to strengthen transaction monitoring and reporting processes with the official go-live date for the PoP code implementation yet to be communicated by the CBK.

Banks to start spying on customer transactions after CBK directive

CBK lowers key rate to spur credit uptake as banks freeze loans

CBK has lowered its key interest rate to 12.75% from 13% in a bid to spur credit uptake, as banks have been freezing loans amid a deteriorating economic environment.

CBK lowers key rate to spur credit uptake as banks freeze loans

IMF roots for private sector-led initiatives in Kenya's recovery

The International Monetary Fund (IMF) wants countries like Kenya to introduce infrastructure incentives to encourage private-sector participation and investment.

IMF roots for private sector-led initiatives in Kenya's recovery

State House ignores Ruto's cutbacks, pursues lavish provisions

State House has advertised for the supply of cut flowers and flower arrangements in what is seen as defiance of President William Ruto’s order for austerity measures.

State House ignores Ruto's cutbacks, pursues lavish provisions

Ruto backs Islamic finance as Sh3b Shariah bond listed at NSE

Liaison Group launches Linzi Sukuk as Kenya positions itself as regional Islamic finance hub.

Ruto backs Islamic finance as Sh3b Shariah bond listed at NSE

EAC Central Bank bosses push for fair intra-Africa trade, global financial systems

East African Central Bank Governors are set to converge in Abuja, Nigeria this week, with the push for deeper intra-African trade and change in the global financial architecture.

EAC Central Bank bosses push for fair intra-Africa trade, global financial systems

Centum proposes Sh210 million dividend payout after recording Sh2.5bn net profit

The company's investment portfolio increased by Sh6.1 billion to Sh66.5 billion, in line with Centum's business model of identifying compelling investment opportunities.

Centum proposes Sh210 million dividend payout after recording Sh2.5bn net profit

Debt dilemma: Can John Mbadi cure Kenya's addiction to borrowing?

The Treasury CS nominee has been vocal in opposing tax hikes and now bridging the Sh346 billion budget gap is one of the major challenges awaiting him.

Debt dilemma: Can John Mbadi cure Kenya's addiction to borrowing?

EABL full-year profit drops by Sh1b as struggling Kenyans drink less

The ongoing cost of living crisis in the country is affecting how Kenyans partake in their beloved Kenyan staple that has long been considered immune to recession -beer.

EABL full-year profit drops by Sh1b as struggling Kenyans drink less

Majority of Kenyans opposed to new fuel taxes and housing levy

Six out of 10 of the respondents in the University of Nairobi poll say the country is heading in the wrong direction.

Majority of Kenyans opposed to new fuel taxes and housing levy

Fears Marsabit dam project could become a white elephant

15 years after Marsabit Senator Mohamed Chute’s firm was awarded tender in 2009, the dam is yet to be completed.

Fears Marsabit dam project could become a white elephant

IMF now calls for public buy-in on controversial Kenya programmes

The implementation of the Finance Bill was part of the IMF-supported programme aimed at expanding Kenya’s tax net and increasing revenues to reduce Kenya’s debt vulnerabilities.

By 2 months ago

IMF now calls for public buy-in on controversial Kenya programmes

US lobby opposes Kenya's plan to supervise technology firms

The lobby says the proposal could have negative consequences on the country's growing digital economy. CAK currently reviewing public comments on the draft bill.

By 2 months ago

US lobby opposes Kenya's plan to supervise technology firms

Tanzania's Amsons Group launches Sh23.1b bid to acquire Bamburi cement

Amsons has issued a notice of intention to launch a public takeover offer to acquire up to 100 per cent of Bamburi's shares at 65 Kenyan shillings per share.

By 2 months ago

Tanzania's Amsons Group launches Sh23.1b bid to acquire Bamburi cement

Bank customers prioritise experience over cost: KPMG survey

A customer experience survey across Kenya's banking sector has found that customers prioritize excellent service over cost considerations when selecting their preferred banking channels.

By 2 months ago

Bank customers prioritise experience over cost: KPMG survey

CBK's taste for fine whisky flies in face of austerity talk

The bank has issued a wines and spirits tender for its Kenya School of Monetary Studies. Questions abound over the necessity of lavish purchases in the current economic climate.

By 2 months ago

CBK's taste for fine whisky flies in face of austerity talk

Auditor General raises red flag over missing billions at KRA

The latest audit of the taxman’s books of account reveals glaring discrepancies in collections and outstanding refund claims with an under-declaration of revenues amounting to Sh490 billion.

By 2 months ago

Auditor General raises red flag over missing billions at KRA

CPF Group pension funds posts mixed record, eyes new growth

The pension funds, encompassing the LAPTRUST, CPF and CPF Individual Pension Plan have posted a mixed record marked by sustained growth and resilient performance.

By 2 months ago

CPF Group pension funds posts mixed record, eyes new growth

More debt pain for Kenyans after latest Moody's credit downgrade

Global rating agency’s negative rating means the country will pay more to borrow domestically and internationally.

By 2 months ago

More debt pain for Kenyans after latest Moody's credit downgrade

Kingdom Bank expands reach with Meru branch

The lender is banking on the Meru branch to boost agriculture and Small and Medium Enterprises funding.

By 2 months ago

Kingdom Bank expands reach with Meru branch

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