Business

County Gvt of Homa Bay Risks Blacklisting Over Misuse of Sh358M

Homa Bay County Government is on the jaws of potential blacklisting from the Financing Locally Led Climate Action (FLLoCA) program,…

2 years ago

CBK Issues Guideline to Protect Banks Against Panic Withdrawals

The Central Bank of Kenya (CBK) has provided fresh guidelines, urging commercial banks across the country to increase their liquid…

2 years ago

Elon Musk’s Starlink Accused of Offering Deep Discounts to Entice Customers

Elon Musk's Starlink now faces accusations of predatory pricing to lure customers against competitors in the Kenyan Market. Jamii Telecommunications…

2 years ago

Kenya’s Diaspora Remittances Skyrockets to Record Sh56.2 Billion in October

Kenyan diaspora remittances has hit a new monthly record of $437.2 million, equivalent to Ksh.56.2 billion, in October 2024. This…

2 years ago

Deductions for SHIF and Housing Levy Impacts Hefty Payslip Cuts on Workers

New statutory deductions for Kenya's Social Health Insurance Fund (SHIF) and housing levy have pushed workers' payslip cuts to unprecedented…

2 years ago

I&M Group PLC Records 24% Growth in Profit Before Tax for Q3 2024

I&M Group PLC has recorded 24% growth in profit for the year 2024, before taxation, equivalent to KES 14.1 billion…

2 years ago

CBK Mounts Pressure on Commercial Banks to Reduce Lending Rates

The Central Bank of Kenya (CBK) is mounting more pressure on commercial banks to reduce borrowing rates. As a result,…

2 years ago

Equity Group Holdings and DEG Launch German Desk to Promote Trade

Equity Bank Limited Group Holdings Plc and DEG-Deutsche investitions-und EntwicklungsgesellschaftmbH, the German Development Finance Institution, have joined forces to establish…

2 years ago

Bolt Operations to Pay Driver Ksh.500k as Compensation for Infringing Rights

The Office of the Office of the Data Protection Commissioner (ODPC) has ruled against Bolt Operations OU and Bolt Support…

2 years ago

Huawei Partners MTN to Launch First 5.5G in South Africa

MTN South Africa and Huawei have achieved a milestone in African telecommunications by completing the continent's first 5.5G network trial…

2 years ago