The government has defaulted on payment of billions of money it owes local oil dealers. The billions are compensation for the subsidized fuel prices that have not been increased over the past few months to avert protests from consumers.
Reports...
George Natembeya has been redeployed to the Office of the President a day after he resigned to contest for the Trans Nzoia Gubernatorial seat. It was however not immediately clear what role he will be playing at President Uhuru's...
Limousine for Hire: It is not a secret that Kenya has some of the sharpest brains in the region. This fact gains emphasis from the regular inventions that Kenyans come up with to create extra sources of income. A...
Kenya's second biggest telecommunications firm, Airtel Kenya, is broke. The firm has been relying on loans from its parent company to stay in operation. According to the firm's latest filings, loans from its holding firm Bharti Airtel Kenya BV increased...
Modern technology has changed the way Kenyans interact and handle their money. These days, for instance, you don’t have to make trips to your bank branch or ATM to access financial services, thanks to the amazing connectivity made possible...
What would you say is the reason you stole money if you were nabbed? In September 2020, Lincolin Kivuti Njeru, a former senior insurance manager was sentenced to three years in jail for stealing Sh. 62.7 million from his...
Fast food business KFC Kenya has not been offering chips in its local outlets after running out of imported potatoes. The business has also failed to purchase any local potatoes due to what it terms as poor quality.
After failing...
The World Bank's International Finance Corporation has acquired a Sh. 12.2 billion stake in leading lender Equity Bank. The acquisition has taken the corporation's stake in Equity to 6.7 per cent.
“EGH was notified that on December 24, 2021, Britam...
Marriage in Kenya: You have no business getting married if you do not have financial stability. This is the statement that was attributed to the late former attorney general Charles Njonjo, who died on January 2, 2022 at the...
Residents of the upmarket residential area Karen estate have written a protest letter to Deputy President William Ruto. In their letter, the residents have accused the deputy president of being the cause of noise, insecurity, and muggings in the...
