In order to increase transparency and accountability in the use of public resources, the National Treasury has closed four transaction accounts and moved funds for government...
The International Finance Corporation (IFC) will acquire less than a 10% stake in Safaricom Ethiopia as part of a $257 million (Sh35.3 billion) cash injection split...
Following the proposal to lower Railway Development levies contained in the new Finance Bill, taxpayers will save about Sh3.6 billion annually. If the proposals in the...
According to a recent report by the Central Bank of Kenya (CBK), Rwanda contributed the highest amount of profit earnings for Kenyan bank subsidiaries in East...
Due to increased interest and non-interest incomes, the Co-operative Bank of Kenya saw an increase in its profit after tax, which reached Sh6.1 billion in the...
As risks increase globally, Kenya is not “in a hurry” to implement cryptocurrency payments, according to the Central Bank of Kenya (CBK). The adoption of a...
In the next two months, Kenya will introduce its first locally manufactured smartphones as part of efforts by the government to raise the percentage of internet-enabled...
M-Kopa, a solar and asset financing firm, has secured Sh35 billion ($255 million) in new debt and equity financing for its expansion in Sub-Saharan Africa from...
More than half of Kenya’s bank branches are located in only four counties, highlighting the country’s uneven distribution of wealth. Out of 1,475 outlets, 819 branches,...
To fulfill the rising demand for value-added goods within its superfood line, agricultural company Kakuzi is getting set to commission a macadamia oil extraction plant. Kakuzi...