University Funding Headache as Civil Society Pushes for Human Capital Protection
President William Ruto’s government will be facing a headache next year about continued university funding while simultaneously implementing hard-hitting university reforms being pushed by the International Monetary Fund (IMF). The [...]
Federation of Kenya Employers Calls on Government to Embrace Social Dialogue to Resolve Policy Standoff
The Management Board of the Federation of Kenya Employers (FKE) on Friday issued a statement noting that the organisation is committed to work with the Government and other stakeholders to [...]Maize Prices Hit Historic High of KES 6,000 Per Bag as Crisis Looms
Maize prices have hit a historic high, with a 90-kilo bag now retailing at KES 6,000 in Nairobi, pointing to hard times for Kenyans who will incur the high cost [...]
Kenya in Deal to Ink Free Trade Agreement with South Korea
Kenya and South Korea have agreed on a roadmap that will lead to a free trade agreement between the two countries. In bilateral talks between South Korean Trade minister Dukgeun [...]Horticulture Earnings Drop to a 2-Year Low of KES 8.8 Billion in September
Kenya’s earnings from flowers, fruits, and vegetable exports fell to the lowest level in more than two years in September, driven by a weaker Euro and Sterling pound. Data from [...]CBK Assures of Adequate Forex Reserves Despite Falling Below Minimum Target
The Central Bank of Kenya(CBK) has said that its forex reserves remain adequate to smooth out any volatilities despite breaching the aggregate amount of not less than the value of [...]NCBA Reports a 96% Growth in Profits to KES 12.8 Billion in Q3
NCBA Group has posted a net profit of KES 12.8 billion in the nine months ended September 2022, a 96 per cent growth from KES 6.5 billion posted during a [...]CBK Raises Base Lending Rate by 50bps to 8.75%
The Central Bank of Kenya(CBK) has raised the base lending rate further to 8.75 per cent from 8.25 per cent in a bid to tame runaway inflation in the economy [...]Standard Chartered Profit Rises to KES 8.7 Billion on Higher Income
Standard Chartered Bank Kenya has posted a net profit of KES 8.7 billion in the nine months ended September 2022, a 37 per cent jump compared to the KES 6.3billion [...]KQ to Introduce Accra to Dakar Flight in December
Kenya Airways (KQ) will introduce the first Accra-Dakar flight next month, targeting corporate travellers, traders and leisure tourists. The national carrier will flya B737-800 two times a week from Nairobi [...]Kenya Signs KES 360 Billion Loan Deal with Afrexim Bank
Kenya is set to benefit from a KES 369.9 billion ($3 billion) programme from African Export-Import (Afrexim) Bank. This was announced during a meeting between President William Ruto and Prof Benedict [...]Family Bank Q3 Profit Jumps 33.2% to KES 2.4 Billion
Family Bank Group recorded a 33.2 per cent rise in net profit for the nine months to September 2022 on strong partnerships and growth in non-interest income. The lender’s profit [...]
