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Kenya sets sights on fresh IMF funding amid budget deficit concerns
Apr 17, 2025 at 09:36 AM
Kenya has begun laying groundwork for a new financing agreement with the International Monetary Fund (IMF), with the government hoping to conclude talks by November this year, Prim...
Lobby sues to block new budget until Govt clears Sh600 billion pending bills
Apr 17, 2025 at 08:24 AM
A human rights group has asked the High Court to halt Kenya’s 2025/26 budget-making process, arguing that the government must first settle over Sh600 billion in long-standing unp...
Kirinyaga coffee farmers earn up to Sh145 per kilo as county reforms bear fruit
Apr 16, 2025 at 10:56 PM
Coffee growers in Kirinyaga are reaping the benefits of improved policies and direct market access, with several factories confirming cherry payouts of up to Sh145.10 per kilogramm...
Super Metro halts operations for 3 days as 269 drivers are ordered off the road
Apr 16, 2025 at 09:16 PM
Super Metro Limited has halted its operations for three days after the Transport Licensing Appeals Board (TLAB) ordered the immediate disengagement of 269 drivers and reinstated th...
CBK lifts decade-long moratorium on licencing of new commercial banks
Apr 16, 2025 at 07:57 PM
New commercial banks will once again be able to establish their presence in Kenya starting July 1, 2025, following a decision by the Central Bank of Kenya (CBK) to lift the morator...
KRA writes off Sh158 billion for 2.9 million taxpayers under its amnesty programme
Apr 16, 2025 at 06:21 PM
The Kenya Revenue Authority (KRA) has scrapped penalties, interest, and fines amounting to Sh158 billion for 2.9 million individuals and businesses as part of its ongoing tax amnes...
SBM Bank returns to profitability with Sh12.4 million post-tax profit in Q1 2025
Apr 16, 2025 at 01:48 PM
SBM Bank Kenya has posted a Sh12.4 million after-tax profit for the first quarter of 2025, marking a dramatic turnaround from a Sh370 million loss recorded during the same period i...
Equity Group boss James Mwangi conferred Freedom of the City of London
Apr 16, 2025 at 01:37 PM
Equity Group Holdings MD and CEO Dr James Mwangi has been conferred the Freedom of the City of London, which is one of the world’s oldest and most cherished civic honours....
Tullow's Sh15.6 billion deal to exit Kenya
Apr 15, 2025 at 05:06 PM
Tullow Overseas Holdings BV has entered into a Sh15.6 billion transaction to divest its entire Kenyan operations to Gulf Energy Ltd, a move the British oil and gas company says wil...
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CDSC to deactivate its Rhino chatbot
Apr 15, 2025 at 04:15 PM
The Central Depository and Settlement Corporation (CDSC) will deactivate its Rhino chatbot platform on Friday, effectively cutting off the digital assistant that has served investo...
Mercury poisoning turns gold mining into a deadly trap for thousands in Migori
Apr 15, 2025 at 02:17 PM
A damning new study has painted a harrowing picture of Kenya’s Migori County, where the livelihood of over 158,000 artisanal and small-scale gold miners now teeters on the edge o...
Nation Media Group financial troubles persist with Sh254.4 million loss in 2024
Apr 15, 2025 at 12:55 PM
Nation Media Group (NMG) financial woes continued to persist after it posted a second successive loss after tax of Sh254.4 million in FY 2024 from Sh205.7 million in FY 2023....
NCBA pumps Sh645 million to secure personal data and digital transformation
Apr 15, 2025 at 06:00 AM
When you take your money to the bank or deposit it through digital platforms, your expectation is that your money and your personal and financial information will be kept safe....
Fuel prices at the pump decrease marginally in latest revision by EPRA
Apr 14, 2025 at 05:45 PM
Super petrol, diesel and kerosene will retail at the pump at a lowered price of Sh1.95, Sh2.20 and Sh2.40 per litre respectively for the next one month.This is according to the lat...
CBK finally approves full acquisition of NBK by Nigeria's Access Bank from KCB
Apr 14, 2025 at 04:45 PM
Central Bank of Kenya (CBK) has approved the 100 per cent acquisition of National Bank of Kenya (NBK) by Access Bank (Access) of Nigeria after adhering to regulatory requirements....
Why Tala is laying off over 50 employees
Apr 14, 2025 at 01:11 AM
Up to 50 employees of Tala are slated to be rendered jobless after the digital lender declared 28 positions in the customer operations department in Kenya redundant....
300 students to receive Sh100 million in scholarships through KCB Foundation
Apr 10, 2025 at 06:12 PM
KCB Foundation has committed Sh100 million to support 300 students flagged off into its Annual University Scholarship Programme....
KRA unveils Electronic Rental Income Tax System to make compliance easier
Apr 10, 2025 at 04:39 PM
The Kenya Revenue Authority (KRA) has officially unveiled its Electronic Rental Income Tax System (eRITS) in a move aimed at bolstering voluntary tax compliance within the burgeoni...
KCB becomes first bank to act on CBK order, cuts lending rate to 13.85 per cent
Apr 10, 2025 at 03:33 PM
KCB Bank has taken the lead among Kenyan lenders by lowering its base lending rate from 14.6 per cent to 13.85 per cent per annum, becoming the first financial institution to respo...
Mombasa developer loses Sh350 million as controlled demolition leaves damages
Apr 10, 2025 at 01:07 AM
A developer behind a condemned 11-storey building in Mombasa claims to have lost up to Sh350 million following the demolition by explosives of a building during a military-led exer...
US stocks rally as Trump halts tariff hikes for 90 days but escalates China trade war
Apr 10, 2025 at 12:44 AM
Share prices in the US started regaining after President Donald Trump announced that he would adjourn his controversial tariff hikes on goods from more than 158 countries globally....
CBK cuts benchmark rate by 75 basis points to 10 per cent, lowest since 2023
Apr 09, 2025 at 07:04 PM
The Central Bank of Kenya (CBK) has cut the benchmark interest rate by 75 basis points to 10.00 per cent—its lowest level since May 2023—as part of efforts to stimulate bank le...
Why Labour Court has halted the recruitment of a new KAA Managing Director
Apr 09, 2025 at 05:34 PM
A High Court in Nairobi has ordered the Kenya Airports Authority (KAA) to halt the recruitment of its next Managing Director, raising constitutional red flags over transparency and...
Thugge downplays impact of Trump's proposed tariff hike on Kenya's exports
Apr 09, 2025 at 04:15 PM
Central Bank of Kenya (CBK) Governor Kamau Thugge has sought to alleviate concerns over the proposed 10 per cent tariff hike on Kenyan exports to the United States, stressing that ...
Bolt witnesses 46 per cent drop in offline trips as new safety measures take effect
Apr 09, 2025 at 02:35 PM
Offline trips on the Bolt Kenya platform have fallen by an impressive 46 per cent in the last six months, thanks to a series of robust safety measures designed to secure both drive...
SBM Bank Kenya unveils bid to empower women entrepreneurs to better compete
Apr 09, 2025 at 01:53 PM
SBM Bank Kenya is taking significant strides to create a more inclusive financial ecosystem with a bold focus on empowering women entrepreneurs....
NCBA Bank partners with Family TV to empower Kenyans on money matters
Apr 09, 2025 at 01:34 PM
Do you want to learn more about how to better handle and grow your money?...
