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musalia mudavadi
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Kenya Revives Diaspora Bond Plans to Boost Infrastructure Amid Budget...

Kenya is once again eyeing its diaspora for a crucial role in funding infrastructure projects, with Prime Cabinet Secretary Musalia...
  • BY waceke
  • September 11, 2024
  • 0 Comment
kra center
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KRA Cuts Cargo Clearance Time by 54% at Mombasa Port

In a major win for Kenya’s trade sector, the Kenya Revenue Authority (KRA) has slashed the time taken to release...
  • BY waceke
  • September 11, 2024
  • 0 Comment
Treasury CS John Mbadi
News

Kenya to Adopt Zero-Based Budgeting: Treasury CS Reveals Bold New...

Title: Kenya to Adopt Zero-Based Budgeting: Treasury CS Reveals Bold New Approach for FY 2025/26 In a significant shift towards...
  • BY waceke
  • September 10, 2024
  • 0 Comment
CBK Governor Kamau Thugge
News

Kenya’s Forex Reserves Increase to $7.503B, Boosting Import Cover to...

Kenya’s foreign exchange reserves recorded a significant boost, rising by $154 million to reach $7.503 billion as of 5th September...
  • BY waceke
  • September 9, 2024
  • 0 Comment
From left to right: Equity Life Assurance (Kenya) Limited Managing Director, Angela Okinda, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Group Chief Risk Officer, Sam Gitwekere, during the H1 2024 Investor Briefing event. Equity Group Holdings has registered a 12% growth in profit after tax to Kshs. 29.6 billion for the period ended 30th June 2024 compared to a similar period last year. Deposits grew by 11% to Kshs. 1.3 trillion up from Kshs. 1.2 trillion while total assets grew by 6% to Kshs. 1.75 trillion up from Kshs. 1.64 trillion. Regional businesses contributed 49.7% of total assets and 50.2% of profit before tax for the period. The Group also diversified with the receipt of a General Insurance license and recorded highest market capitalization in Sub-Saharan Africa.
News

Equity Bank Reduces Reference Rate to 17.83% Following Central Bank...

In a move that brings some relief to borrowers, Equity Bank has announced a reduction in its reference rate to...
  • BY waceke
  • September 9, 2024
  • 0 Comment
Ruto speech
News

Kenya’s Eurobond Market Sees Sharp Yield Spikes: A Detailed Look...

The Eurobond market has been a barometer for Kenya’s economic sentiment on the global stage, and this past week, the...
  • BY waceke
  • September 9, 2024
  • 0 Comment
Ruto at NSE
News

NSE and CMA Mandate Forward-Looking Event Calendars for Listed Companies...

In a bid to enhance transparency and bolster investor confidence in the Kenyan capital markets, the Nairobi Securities Exchange (NSE)...
  • BY waceke
  • September 9, 2024
  • 0 Comment
jkia
News

High Court Halts Adani’s 30-Year JKIA Lease

In a significant legal development, the High Court of Kenya has granted the Law Society of Kenya (LSK) and the...
  • BY waceke
  • September 9, 2024
  • 0 Comment
Car nabbed by KRA officials at Malaba
News

KRA Officers Seize Ksh 520,000 Worth of Cannabis and 6,160...

In a major crackdown on illegal trade, customs officers at the Malaba One Stop Border Post (OSBP) intercepted a significant...
  • BY waceke
  • September 9, 2024
  • 0 Comment
kenya power technician
News

Kenya Power Releases List of Areas to Experience Blackout on...

Residents and businesses in several Kenyan counties are gearing up for scheduled power outages on Monday, September 9, 2024, as...
  • BY waceke
  • September 8, 2024
  • 0 Comment
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