American outfit sets up office in Nairobi to boost start-ups

Central Bank of Kenya (CBK) has admitted facing challenges managing the rates at which banks lend money to each other in the wake of the interest rate cap regime.

Investors at the Nairobi Securities (NSE) have lost about Sh156.4 billion in paper wealth since January, with only 14 out of the 64 counters recording gains.

Kenya Revenue Authority (KRA) has received the backing from International Monetary Fund (IMF) for its new system of putting stamps on excisable goods.

Listed insurer Sanlam Kenya has more than doubled its profit for the full-year ended December last year to Sh71 million.

Kenya Revenue Authority (KRA) has launched a cargo tracking system aimed at sealing tax evasion loopholes all the way to Rwanda and Uganda.

The latest figures released by the Kenya National Bureau of Statistics (KNBS) put food inflation at 16.5 per cent, the highest since 2012.

This means for the full year ending June this year, the troubled sugar miller will post at least a Sh5.9 billion loss, which is 25 per cent higher than last year when it posted a Sh4.73 billion loss.

Mid-tier lender Family Bank has admitted that the National Youth Service (NYS) scam almost scuttled its 33-year journey in the financial space.

Mid-tier lender Family Bank is looking for partners to raise funds and help keep its doors open.

Striking doctors and lecturers’ salaries, emergency funding for drought and allocations for the August polls will push up recurrent spending in the current budget.

Financial services firm, Metropol Corporation, expects pressure for banks to offload expensive deposits to lift private sector borrowing from the current 10-year low.

Kenya is closer to forming a National Convention Bureau to help grow business tourism. Yesterday, Tourism CS Najib Balala received a task force report detailing the roadmap to the formation of the bureau to help Kenya in positioning itself for business conventions