CS Mbadi Signals New Budgeting Approach in FY2025/26
Cabinet Secretary for Treasury and National Planning John Mbadi has said that Kenya’s Ministries Departments and Agencies (MDA’s) entire budgets will have to be justified and approved in the 2025/26 [...]
Energy CS Wandayi Eyes Private Sector Capital to Adress Power Blackout
Energy Cabinet Secretary Opiyo Wandayi has said that the government is looking at tapping private sector capital among other options to address the persistent power blackout that is now becoming [...]Supreme Court Begins Hearings on Finance Act 2023
The National Assembly and other appellants will today argue their appeal on the Finance Act 2023 before the full seven judge bench of the Supreme Court of Kenya. The Respondents [...]Engineers Urge Better Deal, Inclusion into JKIA Adani Plans
The Institute of Engineers of Kenya (IEK) is calling upon the government to carefully evaluate its deal with Adani enterprises to upgrade JKIA and embrace transparency with relevant stakeholders. While [...]NSE Listed Firms to Issue Events’ Calendar in New CMA Rules
Companies listed at the Nairobi Securities Exchange (NSE) will now be required to develop and submit a forward-looking and tentative calendar of corporate announcements. The information should be publicly available [...]Government, Insurers Move to De-risk Geothermal Exploration
The Insurance Regulatory Authority of Kenya, Ministry of Energy and Petroleum, State Department of Industrialisation and East African Insurance Sector (ICEA Lion, Kenya Re, Old Mutual, GA and Mayfair) have [...]Kenyan Shilling Stable on Foreign Inflows
Last week, the Kenyan Shilling stabilized against the US Dollar, closing the week at KShs. 129.19. Similarly, the year-to-date performance rose to 13.1 percent, buoyed by marginal gains from large [...]Private Sector Activity Recovers in August After Anti-Tax Protests
Kenya’s private sector activity recovered marginally in the month of August after disruption by the anti-Finance Bill 2024 protest. “August PMIs show the private sector recovering merely marginally. Output and [...]Kenya Seeks KSh 30bn in September Bond Auction
The CBK is seeking KSh 30 billion in the September auction earmarked for budgetary support from two reopened bonds, as the state moves towards a preference for longer dated papers. [...]LIVE BLOG: 54 Collective is Hosting Its Second Live African Pre-Seed Podcast in Nairobi
54 Collective, formerly Founders Factory Africa, is hosting its second live African Pre-Seed Podcast at the Capital Club East Africa, Nairobi to unpack the topic Behind the Scenes of Capital [...]
Investor Joel Kibe Petitions CMA to Take Action Against Old Mutual Holdings
An investor is seeking action against Old Mutual Holdings (formerly UAP Holdings) over allegations of minority shareholders mistreatment among other issues raised to the Capital Markets Authority (CMA) in an [...]Equity Bank Kenya Staff Numbers Dropped to 7,763 in 2023-Sustainability Report
The number of employees working in Equity Bank (Kenya) reduced by 415 to 7,763 last year from 8,178 in 2022, according to lender’s latest sustainability report. The Group’s total number [...]
