Govt Puts Mombasa-Nairobi Expressway Project On Hold
The government has suspended the construction of the Mombasa-Nairobi expressway after Kenya hit its debt ceiling. The 485 Kilometer highway will wait another two years as Kenya addresses its debt [...]
Patrick Njoroge Ranked Top Central Bank Governor in Sub-Saharan Africa
Governor of the Central Bank of Kenya, Dr Patrick Njoroge, has been named the Central Bank Governor of the Year for Sub-Saharan Africa by Global Markets magazine, a world-leading financial [...]
Ernst Young Report Predicts Potential Growth in Kenya's Insurance Sector
Ernst Young latest report states that Kenya's Insurance Sector has shown a lot of improvement compared to last year, where its profits fell by 61.5%, and it is expected [...]Cisco Appoints Sally Kimeu as Country Leader and Regional Manager
The Cisco Company has appointed Ms Sally Kimeu as the Country Leader and Regional Manager for its East Africa operations in Kenya, Tanzania, Uganda, Ethiopia, Rwanda, Burundi, Djibouti, South Sudan, [...]The High Court Declares Tax on Second-Hand Cars Illegal
The High Court of Mombasa has recently declared the current tax imposed by the Kenya Revenue Authority on second-hand cars illegal. Therefore, the taxes imposed on used motor vehicles are [...]Safaricom Launches New Strategy, No Expiry Bundles
Safaricom has unveiled a new strategy as the telco marked 19 years since it was launched. Under the new approach, the telco aims to simplify its products across its entire [...]NCBA Group lists additional shares at the NSE
NCBA Group PLC has listed an additional 793.8 million shares on the NSE, thereby sealing the NIC-CBA merger deal. These additional shares belong to CBA shareholders who from now on [...]Balance Sheet of Kenya's Pension Fund hits Sh 224.02 billion amid numerous audit queries
The balance sheet of state pensioner National Social Security Fund (NSSF) increased in size to Sh 224,024,782,277.00 at the close of financial year ended 30th June, 2018. This is compared [...]Anti Corruption Body Approves Telkom Airtel Merger
The Ethics and Anti Corruption Commission (EACC) has approved the Telkom Airtel merger. The Commission earlier questioned the merger over the possibility of public funds lost as Treasury sought [...]Kenyan Market Weekly Update
Equity turnover at the Nairobi Securities Exchange (NSE) hit $ 34.4 million at the end of the week ending 18th October 2019 compared to $ 13.4 million the previous week. [...]Kenya's Acting Treasury CS Affirms Rate Caps Will Be Scrapped
The Acting Treasury Secretary Ukur Yatani has affirmed that the interest rate caps will be scrapped as the lawmakers will be unable to raise enough support in parliament to oppose [...]Treasury's Plan to Create Over 2,000 New Jobs at the Ministry
The National Treasury has unveiled a plan dubbed The sustained socio-economic transformation for job creation and shared prosperity' which aims to create about 2,117 employment opportunities in the next four [...]
