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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

Troubled Uchumi's creditors to know fate of their billions

Creditors of troubled Uchumi Supermarket are set to learn the fate of their billions in a virtual meeting scheduled for March 17, 2025.

Troubled Uchumi's creditors to know fate of their billions

Appetite for Kenya's 'green gold' spawns new crop of millionaires

Appetite for Kenya's 'green gold' spawns new crop of millionaires

UNGA President Yang backs Equity's plan to boost youth innovation

UNGA President Yang backs Equity's plan to boost youth innovation

Mission 300: AfDB's ambitious project to boost access to reliable energy

Mission 300: AfDB's ambitious project to boost access to reliable energy

Broke? cash circulation drops by Sh10b

New Treasury data reveals an ailing economy, with the money circulating within and outside the banking system falling to Sh5.48 trillion in the year to December.

Broke? cash circulation drops by Sh10b

CEOs reveal the cure for Kenya's ailing economy in new survey

Declining interest rates have raised hopes for improved access to credit, though challenges in securing affordable financing persist.

CEOs reveal the cure for Kenya's ailing economy in new survey

Premier Bank partners with Zakat Kenya to feed 5,000 families during Ramadan

Premier Bank Kenya and Zakat Kenya hosted their second annual Premier Bank Iftar Fun Walk, on Sunday aiming to provide essential support to 5,000 vulnerable families.

Premier Bank partners with Zakat Kenya to feed 5,000 families during Ramadan

Africa seeking health, environment transformation with clean cooking solutions

Africa is turning a new page in its fight against one of its most persistent public health and environmental crises: the deadly toll of traditional cooking methods.

Africa seeking health, environment transformation with clean cooking solutions

Love in a time of hardship: How Kenyans have planned their Valentine's Day

This Valentine’s Day promises to be unique, influenced by a month of soaring food inflation that has driven up prices of everything from flowers to chocolates and dining out.

Love in a time of hardship: How Kenyans have planned their Valentine's Day

Kenyan tech agency eyes Nigeria's market in expansion plan

The firm said in a joint statement that the collaboration will programmatically integrate radio and television advertising through Suss Ads’ Media Integrated Advertising Platform.

Kenyan tech agency eyes Nigeria's market in expansion plan

Equity Bank cuts loan interest rates by largest margin

Equity Bank, the largest lender in Kenya by customer numbers, has announced a substantial reduction in interest rates, becoming the third major bank to do so this week.

Equity Bank cuts loan interest rates by largest margin

Survey: Poor service, high fees drive customers to change banks

Poor customer service, high fees, and inconvenient digital banking platforms are the top reasons Kenyans are switching banks, according to the 2024 Banking Customer Satisfaction Survey.

Survey: Poor service, high fees drive customers to change banks

NCBA cuts loan rates

NCBA Bank has bowed to pressure from CBK becoming the latest lender to slash its loan rates following the regulator’s aggressive push to lower borrowing costs.

NCBA cuts loan rates

Relief for borrowers as KCB lowers its loan rates

KCB Group has lowered its base lending rate from 15.6 per cent to 14.6 per cent per annum for new loans. It joins Coo-op Bank, which lowered its loan rate from 16.5 per cent to 14.5 per cent.

Relief for borrowers as KCB lowers its loan rates

KRA tightens noose on graft, sends 19 employees home

KRA has intensified crackdown on corruption, dismissing 19 employees in the second quarter of the 2024/2025 financial year.

KRA tightens noose on graft, sends 19 employees home

Centum Re signs deal to increase solar power output at Two Rivers

The agreement, announced on Wednesday will make the Two Rivers Power Company the largest rooftop solar power installation for residential and commercial use in East Africa.

Centum Re signs deal to increase solar power output at Two Rivers

Saccos embrace technology to stay competitive

Kenyan savings and credit cooperatives (Saccos) are increasingly embracing technology to enhance efficiency and remain competitive in a rapidly evolving financial landscape.

Saccos embrace technology to stay competitive

Kenya joins new payment system in bid to end dollar dominance

The new system aims to facilitate instant payments, removing the necessity for traders in Kenya and neighbouring countries to convert local currencies into hard currencies.

Kenya joins new payment system in bid to end dollar dominance

Co-op Bank cuts lending rate as pressure mounts on rivals to follow

Co-op bank announced a substantial two per cent cut in its base lending rate from 16.5 per cent to 14.5 per cent per annum, effective immediately.

Co-op Bank cuts lending rate as pressure mounts on rivals to follow

Kenya eyes new IMF programme as current one nears end

The government will likely be required to enhance tax collection and combat graft as part of its fiscal consolidation.

Kenya eyes new IMF programme as current one nears end

CBK to penalise banks keeping loan costs high as key rate falls

CBK has launched a crackdown on commercial banks failing to pass on the benefits of lower borrowing costs to their customers.

CBK to penalise banks keeping loan costs high as key rate falls

US firm gets Sh452b Mombasa-Nairobi expressway plan rolling

Plans for the “Usahihi” Expressway project, a 440-kilometre four-lane dual carriageway linking Nairobi and Mombasa, are taking shape.

US firm gets Sh452b Mombasa-Nairobi expressway plan rolling

Kisumu's Sh120 billion waterfront residential project breaks ground

Construction has commenced on Phase 1 of Lake Victoria Marina, an ambitious Sh120 billion mixed-use development in Kisumu backed by former Prime Minister Raila Odinga.

Kisumu's Sh120 billion waterfront residential project breaks ground

Kenyan businesses brace for impact of escalating DRC conflict

A palpable wave of anxiety is sweeping through Kenyan business circles as the conflict in the DRC - billed as the region’s last and most lucrative investment frontier - escalates.

Kenyan businesses brace for impact of escalating DRC conflict

ATIDI roots for uptake of development insurance to catalyse mega projects

Development insurance plays a vital role in mitigating political, currency, and credit risks, thereby encouraging investors to engage in crucial infrastructure projects.

ATIDI roots for uptake of development insurance to catalyse mega projects

Packaging firm Shri Krishana Overseas eyes NSE listing

Shri Krishana Overseas Limited (SKL), a Kenyan packaging solutions provider has announced plans to list on the Nairobi Securities Exchange (NSE).

Packaging firm Shri Krishana Overseas eyes NSE listing

How Kenya Power lit up Kenyans to Sh9.97 billion net profit

Kenya Power has recorded a Sh9.97 billion profit after tax for the half year ended December 31, 2024, a significant turnaround for the once loss-making power utility.

How Kenya Power lit up Kenyans to Sh9.97 billion net profit

Kenyan Fintech joins UN global compact

Mobile lending firm Tala has become the first Kenyan financial technology company to join the UN Global Compact, a global initiative promoting ethical business practices.

Kenyan Fintech joins UN global compact

Tala to expand lending to unbanked groups

Mobile lender Tala plans to increase credit access to financially excluded groups in the country, including women and small businesses.

Tala to expand lending to unbanked groups

KRA needs to collect Sh8b daily to hit Sh2.6tr June target

KRA has announced a revenue collection of Sh1.243 trillion as of December 31, 2024, a modest growth of 4.5 per cent over the previous year.

KRA needs to collect Sh8b daily to hit Sh2.6tr June target

KPC's Sh7b windfall boosts cash-strapped Treasury

The Kenya Pipeline Corporation (KPC) has remitted Sh7 billion in dividends to the National Treasury, providing a much-needed boost to the strained Kenya Kwanza government's coffers.

KPC's Sh7b windfall boosts cash-strapped Treasury

Airlines, hotels, NGOs and suppliers hit by USAID disruption

Kenyan airlines, hotels, small businesses and suppliers as well as thousands of non-governmental organisations are facing an uncertain economic future.

Airlines, hotels, NGOs and suppliers hit by USAID disruption

Inside Kenya's fresh plan to raise tourist numbers

The National Government is keen to position the country as a premier destination in Africa, targeting a significant increase in tourist arrivals this year.

Inside Kenya's fresh plan to raise tourist numbers

Commodity prices to increase as KPA reviews tariffs

Higher port fees would likely translate to increased import costs, which could then be passed on to consumers through higher prices for goods on store shelves.

Commodity prices to increase as KPA reviews tariffs

From Mukuru slums to global success: How Dennis Maina built digital marketing firm

Born and raised in Nairobi’s Mukuru kwa Reuben slum, Maina overcame significant challenges to achieve success and is now dedicated to empowering the next generation of leaders.

From Mukuru slums to global success: How Dennis Maina built digital marketing firm

Kenya credit rating upgrade set to boost Treasury debt strategy

Global ratings agency Moody’s changed the country’s outlook from negative to positive. It pointed to a recent decline in domestic borrowing costs and recent tax policy changes.

Kenya credit rating upgrade set to boost Treasury debt strategy

Moody's credit rating upgrade to boost Kenya's debt strategy

Kenya’s credit rating improves from negative to positive due to reduced debt risks and cheaper domestic financing costs, global rating firm Moody’s says.

Moody's credit rating upgrade to boost Kenya's debt strategy

Inside Ruto's IMF-backed restructuring of State firms

The government insists that the restructuring is necessary to save money and improve efficiency in the public sector.

Inside Ruto's IMF-backed restructuring of State firms

Envoy says Kenya sees China as crucial bilateral partner beyond infrastructure

Ambassador Jane Makori emphasized the deepening of the strategic partnership between East Africa’s largest economy and the world’s second-largest economy after

Envoy says Kenya sees China as crucial bilateral partner beyond infrastructure

TransCentury bounces back with Sh375m half-year profit

It marks a major turnaround for the investment firm from a loss of Sh1.66 billion in the half-year period a year earlier. This was on the back of a strong performance.

TransCentury bounces back with Sh375m half-year profit

Cabinet dissolves nine state corporations, approves merger of 42

Ruto has announced mega plans to dissolve 9 state corporations and merge 42 others as part of a sweeping reform program aimed reducing the government's wage bill.

Cabinet dissolves nine state corporations, approves merger of 42

AAR introduces newborn ENT tests to improve early detection of hearing loss

AAR Hospital has introduced a new range of ear, nose, and throat (ENT) tests for newborns, aiming to improve early detection of hearing complications and other related conditions.

AAR introduces newborn ENT tests to improve early detection of hearing loss

Tough economy cools Kenyans' huge appetite for buying land

The Hass Land Price Index for the fourth quarter of 2024 reveals a significant slowdown in land price growth, particularly in Nairobi's satellite towns.

Tough economy cools Kenyans' huge appetite for buying land

CMC exit: Is Kenya turning into a graveyard for industries?

The announcement that CMC Motors Group will be shutting down has rekindled concerns about the state of Kenya’s business environment.

CMC exit: Is Kenya turning into a graveyard for industries?

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