Business

I&M Tightens Grip on Tanzanian Subsidiary After Raising Stake to 95.5%

I&M Group PLC has significantly strengthened its hold on its Tanzanian banking business after increasing its effective ownership in I&M…

3 weeks ago

Kenya Power’s ksh 458M Diesel Deal Sparks Debate Over Off-grid Energy Future

The Kenya Power and Lighting Company (KPLC) reliance on multimillion-shilling diesel tenders to power its 30 off-grid stations highlights a…

4 weeks ago

AfDB Pushes Africa to Unlock Local Financing as Global Pressures Weigh on Growth

African countries are being urged to accelerate financing reforms and strengthen domestic resource mobilisation as global economic pressures continue to…

4 weeks ago

Kenya Pushes to Simplify Gambling Tax Rules as Revenue Climbs to Sh28.45 Billion

Kenya’s gambling regulator is seeking changes to the country’s tax framework, arguing that simpler rules could improve implementation across a…

4 weeks ago

Family Bank Group Reports a 52.6% Increase In Profit

Family Bank Group has posted a 52.6% increase in first-quarter net profit to KSh 1.6 billion for the period ending…

4 weeks ago

Businesses Push Back Against Tobacco Control Bill 2024

Manufacturers, retailers and industry associations have intensified opposition to key provisions in the proposed Tobacco Control (Amendment) Bill 2024, warning…

1 month ago

Loan Dispute Deepens as Defendants Challenge Credit Bank’s Sh72.1 Million Claim

A court battle has emerged over a disputed Sh72.1 million loan claim after former Cabinet Secretary Moses Kuria and other…

1 month ago

Key Government Press At The Brinks of Collapse Over Delayed Financial Constraints

The Government Printer of Kenya is currently facing a critical risk of complete operational breakdown and shutdown. Officials warned the…

1 month ago

Inflation Pressures Raise Expectations of CBK Interest Rate Increase

Rising inflation pressures are increasing expectations that the Central Bank of Kenya (CBK) could raise its benchmark lending rate on…

1 month ago

EPRA makes major fuel announcement that could influence prices

The Energy and Petroleum Regulatory Authority (EPRA) has made two massive, consecutive announcements that are heavily shaking up fuel prices…

1 month ago