BOC Kenya Profit Rises to KSh211.6M Despite 21.7% Revenue Drop in 2024
Listed industrial and medical gases manufacturer BOC Kenya Plc has posted a profit after tax of KSh211.6 million for the year ended 31 December 2024, up from KSh198.1 million in [...]
Construction Costs Dip in Q1 as Steel, Bitumen Prices Fall
The prices of construction materials in Kenya edged lower in the first quarter of 2025, driven largely by falling costs in key inputs such as steel, bitumen, and asphalt products, [...]
Zambia-Tanzania-Kenya Power Pool Kicks-off
The Zambia-Tanzania-Kenya (ZTK) Power Interconnector Project has officially been relaunched in Lusaka by the three participating governments, with backing from COMESA, the World Bank, the European Union and the United [...]CBK Proposes Policy Rate as New Bank Lending Reference
The Central Bank of Kenya (CBK) has proposed a new pricing framework that would anchor all bank lending rates to the Central Bank Rate (CBR). In the regulator's proposed framework, [...]Somalia Confronts Non-Tariff Barriers as it Settles in EAC Bloc
Somalia, the East African Community's (EAC) 8th Partner State, has moved to unlock regional trade opportunities with the launch of a National Monitoring Committee on the Elimination of Non-Tariff Barriers (NTBs). “The launch of the National Monitoring [...]Kenya, Ethiopia Sign Pact to Boost Trade, Collaborate on AfCFTA
Kenya and Ethiopia have signed a landmark agreement to ease cross-border trade, setting a $1,000 threshold for goods moving through the Moyale border under the African Continental Free Trade Area [...]Kenya’s Cyber Threats Spike by 200% as System Attacks Dominate
Threats to Kenya’s cybersecurity landscape are becoming increasingly complex, with system attacks and brute force attempts driving a record-breaking 2.5 billion cyber threat detections between January and March this year, [...]Sicuro Group Acquires Kenyan Risk Management Firm John Andrews
Global risk management consultancy Sicuro Group has acquired Kenyan risk management firm John Andrews Risk Management (JARM), and renamed it Sicuro Group East Africa. This acquisition represents a significant milestone [...]
How DRC Bank, Delayed Compliance, Have Stalled Access Bank's Acquisition of National Bank
In recent years, Access Bank Plc, the biggest lender in Nigeria in terms of assets, has aggressively expanded across the continent. However, a regulatory maze involving its activities in the [...]KCB to Auction Tycoon's Road Construction Firm as Pending Bills Bite
Kenya Commercial Bank (KCB) is set to auction the assets of road construction firm Nyoro Construction Company—owned by Kenyan tycoon Njoroge Njuguna—following a loan default triggered by pending bills with [...]Employment in Agriculture Picks up as Other Sectors Plateau-CEO Survey
Employment in the agriculture sector is expected to rise in the second quarter of 2025, while CEOs from other sectors do not have plans to hire in the same period, [...]Institute of Public Finance Calls out State for Funding Weak Programmes
The Institute of Public Finance (IPF) is pushing for the urgent strengthening of linkages between budget planning and execution ahead of June tabling of 2025/26 KSh 4.3 trillion budget, noting that the weak [...]
