CBK Fines: Yesterday, the Central Bank of Kenya (CBK) announced that it was placing a Sh. 392.5 million fine on five local banks that were used by National Youth Service scam suspects to transact some Sh. 9 billion fraudulent.
Additionally,...
Kenya produced only 22,000 bags of maize that are worth Sh. 35.2 million from Galana Kulalu irrigation scheme. This came against the Sh. 7.3 billion that the government has spent on the irrigation scheme.
According to the National Cereals and...
Bitcoin Crash: An estimated $400 billion has been wiped off the value of major cryptocurrencies since January.
Sean Russell's life savings were among them.
Russell rarely played the stock market and had little investing experience when he put around $120,000 into bitcoin in...
South Africa Recession: South Africa unexpectedly fell into its first recession for almost a decade, exacerbating the rand’s decline amid the recent emerging-market rout and heaping pressure on President Cyril Ramaphosa.
Africa’s most-industrialized economy shrank an annualized 0.7 percent in...
Instant traffic fines: Traffic regulators in Kenya are now free to introduce instant fines for minor traffic offences after the High Court dismissed a suit seeking to block the penalties ranging from Sh. 500 to Sh. 10,000. The fines...
Kenya Power Faulty Bills: Kenya Power has been sued over an erroneous bill in the amount of Sh. 616,000. This suit comes in the wake of allegations that the power distributor has been charging Kenyans bills that erroneous and...
Swahili Newspapers: The Standard Media Group is set to launch a Swahili newspaper.
According to reports, the media group has already acquired the coast region based Swahili publication known as Pambazuko. The launching of the Swahili newspaper is expected to...
Qatar Airways has launched direct flights to Kenya’s second city, Mombasa, opening up the country’s beautiful coasts to international holiday-makers.
The new four-times weekly service will be Qatar Airways’ second Kenyan destination, in addition to existing flights to Nairobi.
The new...
Co-op Bank Opportunities: One of the key elements in business and career growth is training. In both entrepreneurship and employment, training presents a prime opportunity to expand the knowledge base of both the employer and the employees.
Training and entrepreneurial...
BY EPHRAIM NJEGA
Recently there has been a lot of talk about our public debt. It is therefore necessary for all to understand what the issues are with our public debt. This will help in informing public debate on the...
