The government will use funds from the newly acquired loan from World Bank to settle the pending Eurobond debt that is maturing this month.
This has been revealed by the Central Bank of Kenya Governor Kamau Thugge. This move will...
Kenyans have now defaulted on loans worth more than Sh. 600 billion, data from the Central Bank of Kenya has shown. This amount of loans in default is the highest in close to 20 years and has been attributed...
Kenya Airways (KQ) has come out to speak after reports that some of its flights to Somalia have been diverting back to Nairobi after failing to land at Mogadishu airport. The national carrier has blamed bad weather as the...
The safety rating of a vehicle is a major influence of why a buyer will prefer one car manufacturer over the other or one vehicle model over the other.
But if you are buying vehicles from Japan, there is a...
Over the past two years, Kenya has experienced one of the worst climate swings in years. Between 2022 and 2023, the country was struck by a severe drought. Within this period, Kenya experienced up to five consecutive below-average rainy...
The Air France-KLM Group has declared its stake in Kenya Airways as a financial asset that it could offload in the market anytime. The group has also stated that its stake is too minor for it to have any...
The Standard Chartered Bank (StanChart) has announced a net profit of Sh. 5.6 billion for the first three months ended March 31 in its current financial year. The StanChart's net profit represented a profit growth of 39.5 per cent.
During...
KCB Bank Kenya has raised its lending rates on new and existing loans. The bank has announced that the new base lending rates will come into effect on May 27 2024 for new loan facilities and July 1 2024...
The Kenya National Highways Authority (KeNHA) has signed a multi-billion new Nairobi-Mombasa Expressway deal. The new deal has been entered into between KeNHA and US infrastructure investment manager Everstrong Capital.
The new deal is a $3.6 billion (about Sh. 472...
KCB Group has overtaken the Equity Group on net profit and total assets in the first quarter of the current 2024 financial.
This comes after KCB Group announced a 69 per cent net profit jump to Sh. 16.48 billion in...
