Kenya’s Debt Increased to KSh 11.1 Trillion in 2023
Kenya’s overall debt position as of 31st December 2023 increased by KSh 1,930.9 billion to amount to KSh 11,139.7 billion compared to KSh 9,208.8 billion as of the end of [...]
Kenya Govt. Pending Bills Hit KSh 539.9 Bn in 2023
Kenya Government's total outstanding pending bills amounted to KSh 539.9 billion as of 31st December 2023. ALSO READ: Pending Bills Committee Receives Claims Worth Over KSh 146bnKenya’s Economy to Grow by 5.5% in 2024- National Treasury
Kenya’s economy is forecast to register a growth of 5.5% this fiscal year, the National Treasury and Planning Ministry said in its Budget Policy Statement(BPS) released this Thursday. To cover [...]KenGen Shareholders Receive KShs 545Mn in Dividends
Kenya Electricity Generating Company PLC (KenGen) has paid a dividend of Ksh.545, 219, 739.63 to 190,784 shareholders, constituting 30 per cent of the power generator’s shareholder base. During the AGM, [...]
Kenyans Under Extreme Financial Distress-Old Mutual Report
Kenyans in their majority are increasingly postponing decisions to take up insurance, save, or invest due to stagnated income streams, according to an inaugural financial services monitor report by Old [...]Startups to Capitalize on Incentives at TRIFIC SEZ Innovation Hub
Service sector businesses operating within the TRIFIC Special Economic Zone will reap the benefits of tax incentives, world-class facilities, and the SEZ's One-Stop-Shop business services centre to optimize their competitiveness [...]Kenya Airways Resumes Direct Flights to Mogadishu
Kenya Airways has reintroduced nonstop flights to Mogadishu, Somalia, in an effort to increase footprints within the region. In August 2023, bilateral air services agreement between Kenya and Somalia were [...]What Experts Think of Kenya Shilling's Exchange Rate's Fall
The Kenya shilling's exchange rate against the USD took an extreme swing on Thursday, after news of Kenya's successful $1.5bn Eurobond and the over subscribed KShs. 75 billion infrastructure bond [...]
Here's What's Happening to the Kenya Shilling
The Kenya Shilling continues to soar against the USD as local investors dump dollars on bets that the greenback shortage is over. The Kenya Shilling has rallied against the greenback [...]Hospitality Sector Continues Recovery, Challenges in Hotel Management
The hospitality sector is likely to continue its post-COVID recovery, but its real challenges lie in hotel management, according to a report by real estate firm Knight Frank. It appears, [...]BAT Kenya Net Profit Drops 18.8% to KSh5.6Bn As Taxes Bite
British American Tobacco (BAT) Plc, a listed tobacco manufacturer, has posted an 18.8% decline in its net profit for the full year 2023 to KSh 5.6 Billion from KSh 6.9 [...]Experts Identify Weak Links in EAC's Leather Industry
Unfavorable competition and the weak linkages between Micro, Small, and Medium Enterprises (MSMEs) and formal retail outlets continue to block the East African Community member states from reaping benefits of [...]
