The Co-operative Bank has unveiled a new method of pricing foreign currency loans. This comes as the global banking industry transitions from the London Interbank Offered Rate (LIBOR).
LIBOR, which has been the benchmark interest rate at which major global...
Kisumu County Governor Anyang' Nyong'o has vowed that he must demolish Kisumu Boys High School which is located at the Kisumu city centre.
According to Nyong'o, a city is commercial-oriented and should be run as a profit-making entity. As such...
Safaricom has appointed Michael Mutiga as the new appointed Chief Business Development and Strategy Officer. Mutiga's appointment takes effect from May 1.
He will lead Safaricom’s business development and transformation agenda, and will be responsible for Strategic Partnerships, Mergers and...
Shopping malls in Kenya are running on empty and have resulted to offering discounts of up to fifty per cent in a bid to survive. According to a market review report by property firm Knight Frank, tenants have been...
The government of Kenya is planning to buy top of the range vehicles and luxury homes for visiting VIPs and presidents.
According to the Ministry of Foreign Affairs, the acquisition of these mansions and luxury vehicles will cut the government's...
Lipa na MPesa Identity: Safaricom is set to start blocking the contact details of Lipa na M-Pesa users. This will start in June 2022. This comes as the leading telecommunications firm moves to curb trading of user information to...
Rising cooking gas and cooking oil prices have pushed inflation to a seven month high. Data from the Kenya National Bureau of Statistics shows that inflation hit 6.47 percent in April from 5.56 percent in the prior month.
Inflation is...
The Kenya Bureau of Standards (KEBS) has released a list of vehicles Kenyans should not import into the country.
In the list of vehicles KEBS has banned is the importation of importation of used mini-buses, double-decker, and large buses into...
Kenya is seeking to import oil from UAE on credit in a bid to curb fuel shortages. In this bid, the government is seeking ship up to a third of its fuel from the United Arab Emirates (UAE) on...
Interpol has flagged Sh. 25 billion that was reportedly laundered by a Kenyan politician and three Nigerians and sent to multiple banks in Kenya and Europe.
According to a report that appeared in local business newspaper Business Daily, the powerful...
