Kenya's External Debt Hits KES 4.35 Trillion in October 2022
Kenya’s dollar-denominated debt hit 69.3% of the country’s external debt in October 2022, attributed to the sharp depreciation of the shilling against the US currency. This translates to KES 3.02 [...]
President Ruto Meets Delta Air Officials, Seeking to Sell the Gov't's 48.9% Stake in KQ
President William Ruto met top executives of Delta Air Lines in his American trip where he launched the government bid to sell its entire 48.9% stake in Kenya Airways. Business [...]High Court Allows KCB Absa to Seize Savannah Cement Assets over Unpaid Debts
The High Court has allowed KCB Group and Absa Bank to seize assets of Savanna Cement Ltd over a debt running into hundreds of millions of shillings. Justice Wilfrida Okwany [...]KQ Suspends Ticket Sales in Malawi, Cites Challenge of Funds Repatriation
Kenya Airways (KQ)has announced the suspension of ticket sales in Malawi due to the challenge of repatriation of funds from the country. The suspension will only affect reservations made in [...]KRA Records a 10% Rise in Revenue Collection on Positive Economic Recovery
The Kenya Revenue Authority (KRA) has recorded a 10.2 per cent growth in revenue collection for the first five months of the current financial year, driven by new tax measures [...]
Relief as Price of Rice Set to Drop 35% on Govt Waiver
The price of rice is expected to drop by 35 per cent starting February after the government abolishes the 35 per cent duty that is levied on the produce. The [...]Standard Chartered Women in Tech Incubator Grants KES 1.2M to Five Startups
The Standard Chartered Bank Women in Tech program awarded KES 1.2 million to five participating businesses on Thursday, marking the end of the program's fifth cohort. Keyara Botanics, Learning Differently, [...]CAK Sanctions Unilever for Unfair Trade Deals
The Competition Authority of Kenya(CAK) has sanctioned consumer giant Unilever Kenya for revising payment terms with tens of its suppliers following an investigation that revealed the company exploited smaller traders. [...]National Oil Insolvent After KES 4 Billion Loss
The National Oil Corporation of Kenya (Nock) is technically bankrupt, and its survival depends on the government, bankers, and creditors. In a report to Parliament, Auditor-General Nancy Gathungu stated that [...]Kenya Drops to Position 31 in Africa's Visa Openness Index
The country dropped three places to rank 31 in the 2022 Africa Visa Openness Index (AVOI), which measures how easy it is for Africans to enter one of the 54 [...]Kenya Eyes Deal with China to Extend SGR from Mai Mahiu to Malaba
Kenya is seeking a joint partnership with China for the extension of the Standard Gauge Railway (SGR) from Mai Mahiu to Malaba. Transport CS Kipchumba Murkomen says the five year [...]KEBS Insolvent After Incurring KES 1.5 Billion Deficit
The Kenya Bureau of Standards (Kebs) is now technically insolvent after incurring KES 1.5 billion budget deficit, making it the latest institution to rely entirely on taxpayer funds to stay [...]
