business
Kenya Power sinks into Sh3.19bn loss on weak shilling
Kenya Power has reported a Sh3.19 billion net loss for the year ended June 2023.
Treasury cuts development, inflates budget by Sh187bn
President William Ruto’s administration has cut development expenditure but increased its...
CBK reveals Sh109bn banks’ exposure to larger borrowers
Half of commercial banks would require at least Sh109.4 billion in fresh capital if each of...
Traders now turn to supplier credit as bank loan cost bites
Traders are increasingly turning to supplier credit for expansion and restocking.
Pakistan overtakes US as Kenya’s top exports earner
Analysis of Kenya’s export earnings by value shows Pakistan ordered goods worth Sh48.28 billion...
Kenya banks Sh11.4bn EU grants to fund green programmes
Kenya on Wednesday banked some Sh11.4 billion worth of grants from the European Union.
Absa CEO shakes up top brass six months into appointment
In the changes, the bank has introduced the role of chief operating and digital officer.
Kenya Power eyes exemptions in critical kits buys
The revelation comes at a time the firm has been forced to delay connecting thousands of...
It’s time to set realistic tax collection targets
That KRA missed its collection target in the first quarter by nearly Sh80 billion should not...
Why digital platforms count for banks
Lenders can leverage technology and AI to enhance productivity, better use talent and improve...
Civil servants sacked in forged papers purge
A good number of civil servants secured jobs and promotions using forged academic and...
Treasury wants companies to hire anti-money laundering officers
National Treasury wants institutions to have Anti-Money Laundering Reporting Officers to...
