SGR Revenue Rises to kes 15.2 Billion on Increased Demand
The Standard Gauge Railway (SGR) netted a total of Kshs. 15.2 billion in revenue from passenger and freight services last year backed by increased demand. An Economic Survey conducted by [...]
Employment Levels Rebound in 2021- KNBS
Kenya’s employment levels rebounded slightly in 2021 increasing by 921,600 as the economy recovered from the Covid-19 pandemic which saw millions of livelihoods lost, the Economic Survey 2022 released by [...]Kenya's Inflation Rate Rises to a 4-Year High of 6.1% in 2021
Kenya's inflation rate rose to a four year high of 6.1 per cent a rise from the 5.4 per cent that was reported in 2020, according to the Economic Survey [...]Kenya's GDP grows 7.5% in 2021, fastest in 11 years
Kenya's gross domestic product (GDP) grew by 7.5 per cent last year, the most significant jump since 2010, data from the Kenya National Bureau of Statistics (KNBS) showed on Thursday. [...]
Safaricom Appoints Michael Mutiga as Chief Business Development Strategy Officer
Safaricom has appointed Mr Michael Mutiga as its new Chief Business Development and Strategy Officer, with effect from 1st May 2022. Mr Mutiga will be responsible for strategic partnerships, mergers [...]
KenGen to Add 400MW Geothermal Energy to the National Grid
KenGen (Kenya Electricity Generating Company) has announced plans to add 400MW of geothermal power to the national grid in the next five years. The company says the output would completely [...]KCB Set Open New Subsidiary in Rwanda
Kenya Commercial Bank (KCB) Group has announced plans to open a new subsidiary in Rwanda, seeking to double its regional business in the next two years and support economic expansion [...]Belgium Becomes Kenya's Largest Coffee Market
Belgium has become Kenya’s top export market for coffee, toppling over America for the first time in a decade. Belgium imported Kenyan coffee worth kes 6.5 billion in the year [...]NCBA Reports Net Profit of Kes 3.41 Billion in Q1
NCBA Group PLC has recorded a profit after tax of kes 3.41 billion for the quarter ending March 31, 2022, an increase of 20.3 per cent compared to the kes [...]Cyber Attacks Remain Key Risk in Online Banking CBK
A new survey by the CBK dubbed the banking sector innovation survey shows that commercial banks have identified cyberattacks as a key risk to online banking innovation as they continue [...]Kenya's Poverty Rate to fall to 33.4% in 2022- World Bank
The world bank projects that Kenya’s poverty rate will fall to 33.4 per cent in 2022, below the pre-crisis level of 34.4 per cent in 2019 The Washington based lender [...]KBC Fails to Remit KSh984.3 Million Employee Retirement Benefits
Kenya Broadcasting Corporation (KBC) has failed to remit employee retirement benefits of upto KSh984.3 million. According to a report by Auditor General Nancy Gathungu, KBC has equally not remitted other [...]
