world business
President Ruto to spend Sh100bn on new trains, SGR revamp
President William Ruto’s administration plans to hit Sh100 billion to revamp the...
Uber rolls out flight bookings in travel ‘super app’ plan
The firm has entered into a partnership with travel agency Hopper to provide international and...
Safarilink cancels Kitale route citing bad business
Domestic carrier Safarilink will stop operations on the Nairobi-Kitale route next month.
StanChart sets 6.58 percent rate on its mobile lending
Standard Chartered Bank Kenya has set an interest rate of 6.58 percent for short-term loans...
Margins on bank loans fall as deposit rates increase
Interest margins from loans have narrowed as commercial banks offer higher returns on fixed...
Investor jitters increase as President Ruto fights debt tripwires
Global investors are becoming increasingly jittery over Kenya’s ability to refinance huge...
Alcohol, cigarettes spared tax hikes for first time in 5 years
Alcohol and cigarettes have been spared from tax increases for the first time in five years.
Britam, Swiss Re and Oxfam unveil cover against flooding
Britam Holdings in partnership with Swiss Re and Oxfam Kenya has launched a flood insurance...
Kenya to tap another Sh136bn loan from the World Bank
Kenya is standing in line to secure another Sh136.5 billion loan from the World Bank.
Kaluworks loses Sh730m tax fight with taxman
Kaluworks Limited, a manufacturing company, which is part of billionaire Manu Chandaria’s...
Treasury hands farmers price shocker in 2023 Finance Bill
The National Treasury has, in the 2023 Finance Bill, proposed to raise the cost of fertilisers...
NSE sinks to 10-year low as bank profits, dividends rise
Share prices of Safaricom and top banks including Equity and KCB have witnessed a sustained...
