Business

Electronic Government Procurement Rollout Slows Spending but Promises Cleaner Deals

Kenya’s transition to a fully digital procurement platform has slowed down government spending, but officials say the shift will be…

8 months ago

Safaricom Targets Bigger GDP Share as It Bets on Micro Business Growth

Safaricom is seeking to expand its role in Kenya’s economy by focusing on the smallest of enterprises such as mama…

8 months ago

Kenya’s Banking Sector Shrinks for First Time in 22 Years as Bad Loans Surge

Kenya’s commercial banks posted their first asset contraction in over two decades in 2024, hit by rising bad loans and…

8 months ago

Kenya Re Half-Year Profits Jump 50% to Sh1.5 Billion on Lower Forex Losses

Kenya Reinsurance Corporation (Kenya Re) has posted a strong rebound in earnings for the first half of 2025, with net…

8 months ago

CBK Unveils Revised Credit Pricing Model to Enhance Transparency in Lending

The Central Bank of Kenya (CBK) has announced the introduction of a revised Risk-Based Credit Pricing Model (RBCPM) for the…

8 months ago

Kenya Loses 400 Dollar Millionaires but Retains Top 5 Spot in Africa

Kenya has lost 400 dollar millionaires in the past year, with the number of individuals worth at least $1 million…

8 months ago

Treasury Puts Public at the Centre as 2026/27 Budget Process Kicks Off

The National Treasury and Economic Planning has officially launched the preparation process for Kenya’s Financial Year 2026/27 and Medium-Term Budget…

8 months ago

TSC Advertises ICT Internship Positions

The Teachers Service Commission (TSC) has advertised internship opportunities for qualified youth in Information Communication Technology (ICT) as part of…

8 months ago

Mbadi Orders Counties to Link Payrolls to IPPD in Crackdown on Ghost Workers

Treasury Cabinet Secretary John Mbadi has issued a stern directive requiring all counties to link their payrolls to the Integrated…

8 months ago

AGOA Expiry Tests Kenya’s Global Trade Strategy Amid US Protectionism

Kenya is facing a defining moment in its trade relations with the United States as the expiry of the African…

8 months ago