Kenya Secures Ksh 26 Billion Loan From Afdb, Eyes Additional Ksh 97 Billion From World Bank Amid Debt Management Strategy
The disbursement of the IMF funds was initially delayed due to the withdrawal of the Finance Bill 2024 earlier this…
Category: Business
Ruto Cancels Multi-Billion Adani Projects Amid Corruption Allegations
“I now direct, in line with Article 10 of the Constitution, that the Ministry of Transport and the Ministry of…
KCB Group Posts Ksh 45.8 Billion Profit, Achieving 49% Growth Amid Economic Challenges
KCB Group Chairman Dr Joseph Kinyua expressed confidence in the bank’s resilience, stating, “We are well-positioned to deliver stronger shareholder…
Absa Bank Kenya Posts Ksh 14.7 Billion Profit in Q3, Achieving 20% Growth on the Back of Strategic Expansion
The bank also made strides in its sustainability agenda through the establishment of the Absa Kenya Foundation (AKF). The Foundation…
WaterEquity Launches $100M Fund for Climate-Resilient Water Solutions with a Focus on Kenya and Emerging Markets
Now open for applications, the fund actively seeks investment-ready infrastructure projects and growth companies developing scalable, climate-resilient water and sanitation…
MCK Calls for Stronger Collaboration Between Researchers and Media to Boost Science Communication
Cynthia Mauncho, Head of Communication at Kemri Wellcome Trust, emphasized the media’s crucial role in raising public awareness of scientific…
KBL Cuts Spirit Prices Amid Festive Season and Stiff Competition
The move comes as KBL faces stiff competition from local brewers such as Patiala Distillers, which boasts brands like Blue…
Equity Bank Slashes Lending Rates Following Central Bank’s CBR Reduction
Equity Bank (Kenya) Ltd has announced a reduction in interest rates for all new and existing Kenya Shilling-denominated credit facilities.…
Kenya’s Tourism Earns Ksh 352.5 Billion Amid Growth and Challenges
Kenya’s tourism sector recorded impressive growth, generating Ksh 352.5 billion in 2023 and attracting over 1.95 million visitors during the…
Senate Launches Probe into Demurrage Fee Burden on Petroleum Consumers
The Senate inquiry comes as Kenya considers withdrawing from the G2G fuel import deal with Saudi Arabia, citing disruptions in…