BUSINESS

Subdued Dollar Demand Keeps The Shilling Unchanged
The money markets remained liquid during the week, with the average interbank rate increasing marginally to 2.7 percent, from 2.6
tanzania lifts suspension kenyan flights
Kenya Airways Needs Ksh 50,000,000 To Keep It From Dying
The financial woes facing Kenya Airways seem to be far from being over. As the once vibrant airline continues to
Investors Warm Up Long-term Bonds As T-Bills Linger In The Red
There was a high demand for the months bond offers as the overall subscription rate for the three bonds was
KMRC To Start Lending After A Note From CBK
Kenya Mortgage Refinance Company (KMRC) has been given a green light by the Central Bank of Kenya to start lending
Rivertex To Make 26,000,000 Masks For The Ministry Of Education
As the Ministry of Education, under Professor George Magoha continues to gamble as to whether to have schools open or
A Gram Of Bee Venom Is More Costly Than That Of Gold
There is a huge demand for honey in Kenya. The local production is only able to meet 20 percent of
KRA To Post Permanent Staff At Companies To Prevent Tax Evasion
Kenya Revenue Authority (KRA) will start posting staff to permanently pitch camp in large companies to monitor revenue streams in
Tuskys Closes Greenspan Outlet Over Ksh 30 Million Rent
The woes facing the once vibrant retailer, Tuskys Supermarket are far from over. A few days after been ejected from
Kenya Received Only 14,049 Tourists During The Month Of August
The Covid-19 pandemic hit hard on Kenya's tourism sector. Hotels shut down and thousands of employees sent home and the
tanzania lifts suspension kenyan flights
Tanzania Lifts Suspension For Kenyan Flight Operators
Tanzania has lifted suspension of Kenyan flights effective immediately. In a letter, Tanzania Civil Aviation Authority (TCAA) director general Hamza
Uhuru To Borrow Ksh 1.87 Trillion For The Remainder Of His Term
It is obvious that Kenya thrives on the wheels of debts. It seems it is in our government's DNA to
Schools to reopen in October
The Confusion Of Professor George Magoha Is Emotionally And Financially Draining
In March 2020, President Uhuru Kenyatta ordered the closure of all learning institutions across the country in an effort to
Kenya Railways Set To Demolish Lunar Park, Property Worth Billions To Be Affected
Kenya Railways is set to demolish Lunar Park in a move that is likely to see property worth billions of
National Water Officials Summoned by DCI as Probe Intensifies
A number of officials from the National Water Harvesting and Storage Authority (NWHSA) have been summoned by the Directorate of
Petrol Price Up By Ksh 1.46, Diesel Down By Ksh 0.12
The price of super petrol has been increased by 1.48 shillings per liter in the latest review by the Energy
Safaricom PLC will have a system maintenance
More Than 200,000 Businesses In Kenya Now Have Lipa Na M-Pesa
Safaricom has announced a Lipa Na M-PESA milestone with the number of businesses on the service crossing 200,000. Launched in
KRA Should Listen To Voices Of Reason Before Increasing Taxes
The coming of Covid-19 has affected virtually every sector in Kenya. Thousands of businesses have shut down after it became
604 Kenyan Companies Have Fired Employees Since Covid-19
604 companies countrywide have declared their employees redundant following the negative effects of COVID -19 on businesses according to the
65% Of Kenyan Workers Had Their Salary Cut Due To Covid-19
A Standard Chartered survey finds that COVID-19 is significantly impacting personal finances globally, with one-third (65% in Kenya) already earning
Equity Bank on Spot Again as 73-Year-Old Man Loses KSh 457,000 From Account
Equity Bank has once again been thrust into the limelight after a 72-year-old distraught man from Nyeri allegedly lost a
Kenyans Reap Big From Avocado Amid Covid-19
Covid-19 has made a mess of businesses around the world. Despite the tough times, there is something to smile about.
Kenyan Shilling Sheds Off 0.1% Against The US Dollar
The Kenyan shilling has remained under pressure from the US Dollar, shedding off a 0.1 percent on the second week
T-Bills Still Undersubscribed For The Second Week Running
T-Bills have remained in the red for the second week running despite the high liquidity in the money markets during
Visa Appoints Eva Ngigi-Sarwari As New Country Manager For Kenya
Visa has appointed Eva Ngigi-Sarwari as its new Country Manager for Kenya. She will serve as the Senior Business Development Leader