Kenya
Banks in Kenya increase hold on domestic debt as interest rates
NAIROBI: Banks in Kenya have increased their hold on domestic debt as interest rates on government securities surge to a...
Kenya scored above African average of 3.2 in latest CPIA, World Bank
NAIROBI: Kenya is among five countries in Africa that have made progress in supporting development and poverty reduction in 2014. According...
Barclays bank announces Sh30b war to lend to Kenya SMEs
NAIROBI: Barclays Bank has announced a Sh30billion war chest to lend to the Small and Medium Enterprises (SMEs), as the...
Kenya’s electricity producer Kengen plans to add 700 MW generating capacity in 3 years
NAIROBI: Kenya’s electricity producer, Kengen, is planning to add 700 MW generating capacity in three years, the company's CEO Albert...
KCB reports 10% rise in total earnings despite instability in South Sudan
NAIROBI: One of Kenya’s biggest commercial banks, KCB, recently reported a 10% rise in total earnings despite instability in South...
Kenya airways JV with KLM royal Dutch airlines for past 3 year descent
NAIROBI: Kenya Airways' joint venture with KLM Royal Dutch Airlines has for the past three years not yielded any profits,...
Canadian firm increases alarm over Kenyan mining sector
NAIROBI: US President Barack Obama's visit to Kenya was an event the country's government had awaited for years. With the...
EAC suggests on course to establish single customs territory
NAIROBI: The East African Community (EAC) Member States are fine tuning modalities of setting up a single customs regime in...
KRA Customs, border control officers post seize narcotics haul valued Sh2.2m at Namanga border
NAIROBI: A team of Kenya Revenue Authority (KRA) Customs and Border Control officers in conjunction with police at the Namanga...
Samsung launches Galaxy J5 and J7 phones in Kenya market
NAIROBI: Samsung has announced the expansion of its J Series Smartphones with the introduction of Galaxy J5 and Galaxy J7...
Kenya’s insurance penetration drops to 2.93% in 2014 compared to 3.44% in 2013
NAIROBI: Insurance penetration in the country dropped to 2.93 percent in 2014 compared to 3.44 percent in 2013 according to...
Kenyan central bank urges slower speed on banking consolidation
NAIROBI: Kenyan central bank Governor Patrick Njoroge said measures introduced by the government to stoke consolidation in the country’s banking...
Kenyan shilling falls as central bank surprises by holding rates
NAIROBI: Kenya’s shilling weakened after the central bank surprised the market by leaving its main lending rate unchanged to allow...
Central bank of Kenya holds key rate at 11.5% as relief
NAIROBI: The Central Bank yesterday left the minimum rate at which it lends to commercial banks unchanged, saying the increase...
Kenya Airways may require Sh60.6 bln bailout, says Finance Cabinet Secretary
NAIROBI: Loss-making Kenya Airways, which has been hit by a slump in tourism in the African country, may require Sh60.6...
Kenya National Oil Corporation says fuel pump price reduction of Sh3 on diesel
NAIROBI: National Oil Corporation has announced a fuel pump price reduction of Sh3 on diesel effective Tuesday (today). The oil...
Kenya Revenue Authority loses Sh662m tax demand for edible oil manufacturer
NAIROBI: The Kenya Revenue Authority (KRA) has lost a Sh662 million tax demand battle against a Mombasa-based edible oil manufacturer....
Kenya Airways disclose pre-tax loss of $285m in 2014-2015 financial years
NAIROBI: Kenya Airways, which has disclosed a pre-tax loss of 29.7 billion shillings ($285 million) in the 2014-2015 financial years,...
Kenyan shilling strengthened, tight local currency liquidity in money markets
NAIROBI: The Kenyan shilling strengthened further on Tuesday, helped again by tight local currency liquidity in the money markets, traders...
Kenya’s Equity Bank posts 12% rise in pretax profit to 12.10b shillings in H1 of 2015
NAIROBI: Kenya's Equity Bank posted a 12 percent rise in pretax profit to 12.10 billion shillings ($120 million) in the...
