Business

CBK Warns of Legal Action Over Defaced Banknotes

Romantic gestures involving flashy cash bouquets could soon attract legal consequences, after the Central Bank of Kenya (CBK) issued a…

4 months ago

Koko Networks Halts Operations, Leaving 700 Jobs in Limbo

$300 million investment, Koko Networks has announced that it will shut down operations in Kenya, leaving close to 700 job…

4 months ago

International Workplace Group Expands Flexible Workspace Footprint in Kenya

International Workplace Group (IWG), a global provider of flexible and hybrid workspaces, has announced the opening of a new centre…

4 months ago

Ethio Telecom’s Revenue Surge Highlights Power of Data and Mobile Money Expansion

Ethiopia’s state-owned telecoms operator, Ethio Telecom, is increasingly turning network expansion into higher-value digital consumption, as evidenced by a sharp…

4 months ago

Equity to Shift Existing Variable-Rate Loans to Central Bank Rate Model

Equity Bank has announced a major change that will affect customers with existing variable-rate loan facilities, aligning its pricing structure…

4 months ago

Treasury Pulls Back on Central Bank Lifeline as Debt Payments Loom

Kenya’s Treasury has sharply scaled down its use of emergency funding from the Central Bank of Kenya (CBK), a move…

4 months ago

Big County Payouts Shift Focus to Value for Money in Devolution

New National Treasury data is putting the spotlight on how counties use devolved funds, after showing that a small group…

4 months ago

68,000 Informally Trained Youth Set for Certification in Jobs and Credit Push

The government is moving to formally recognise the skills of at least 68,000 young Kenyans who learned their trades outside…

4 months ago

Regional Regulators Take Closer Look at Vodacom’s Growing Grip on Safaricom

Safaricom’s planned ownership change is now under review by regional competition regulators, shifting the spotlight from deal structure to its…

4 months ago

EAPC Bets on Scale and Efficiency as It Seeks a Comeback in Kenya’s Cement Market

East African Portland Cement (EAPC) is making a strong comeback push with a planned $200 million (about Sh25.8 billion) expansion…

4 months ago