International Oil Prices Jump to Seven Month High
The Price of Brent Oil has shot up above $70 a barrel, a high last seen in June 2019. The price hike is as a result of the US-Iran tension [...]
NCBA Boss Calls for Higher Capital Requirements for Banks
NCBA Group CEO John Gachora is calling for higher capital requirements to boost mergers and acquisitions in the banking industry. According to Mr. Gachora, higher safety buffers would drive more [...]
UK Firm Withholds $6.91 Million bid for Kenya Gold Mining Operation
Red Rock Resources, a London-based mining company, has withheld its $6.91 million bid for Kenya's gold mining operations. This comes after the government of Kenya delayed in issuing it with [...]LPG Regulations Take Effect as Consumers Cry Foul
The new regulations governing the supply and retail of Liquified Petroleum Gas (LPG) have taken effect, even as consumers cry foul. This follows the closure of businesses by many LPG [...]Troubled Tullow Dampens Kenya’s Goals of Exporting Oil
The UK oil firm, Tullow, tasked with exploring oil in Kenya's Turkana basin is facing hurdles that threaten to delay Kenya's dreams of commercial oil exports by 2022. The British [...]State to Rebrand Collapsed 75-Year-Old KPCU, Once Kenya’s Largest Coffee Dealer
President Uhuru Kenyatta has reconstituted the board of Kenya Planters Co-operative Union (KPCU), once the country's coffee miller and warehouseman. The new board was appointed to run the affairs in [...]Kenya’s Economic Outlook in 2020
Although Kenya’s economy is projected to grow at 6.1 per cent this year, analysts are already painting a picture of grim prospects. Increased layoffs due to a depressed private sector, [...]
Loan Repayments to China to Double to KSh71 Billion as Kenya Starts Repaying SGR Loan
Kenya's loan repayments to China for the current financial year will jump from KSh31 billion to KSh71.4 billion as Kenya starts repaying the SGR loan. Taxpayers will shoulder part of [...]KCB Recalls KSh263 Million Loan to EAPCC
East African Portland Cement Company (EAPCC) has defaulted on a KSh263 Million loan it took from KCB Bank, prompting the lender to recall the credit facilities, reports PricewaterhouseCoopers (PwC). This [...]KTDA Tea Prices Rise at the Last Auction of 2019
KTDA factories' tea prices registered a rise, albeit marginally, during the last auction of 2019. During the auction, the agency-managed factories closed at $2.64 per kilogram, against a $2.12 per [...]The World’s Biggest Free Trade Area to Launch in July
The much anticipated African Free Trade Zone – the world’s largest trade zone – is set to launch in July this year. It will be a major development for the [...]Kenya's Stock Market Ranked Sub-Saharan Africa's Best Performer in the Past Decade
The Nairobi Securities Exchange (NSE) emerged as the best performing stock exchange market in Sub-Sahara Africa in the last decade beating its rivals, the Johannesburg Stock Exchange and the Nigerian [...]
