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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

Kenya eyes new IMF programme as current one nears end

The government will likely be required to enhance tax collection and combat graft as part of its fiscal consolidation.

Kenya eyes new IMF programme as current one nears end

CBK to penalise banks keeping loan costs high as key rate falls

CBK to penalise banks keeping loan costs high as key rate falls

US firm gets Sh452b Mombasa-Nairobi expressway plan rolling

US firm gets Sh452b Mombasa-Nairobi expressway plan rolling

Kisumu's Sh120 billion waterfront residential project breaks ground

Kisumu's Sh120 billion waterfront residential project breaks ground

Kenyan businesses brace for impact of escalating DRC conflict

A palpable wave of anxiety is sweeping through Kenyan business circles as the conflict in the DRC - billed as the region’s last and most lucrative investment frontier - escalates.

Kenyan businesses brace for impact of escalating DRC conflict

ATIDI roots for uptake of development insurance to catalyse mega projects

Development insurance plays a vital role in mitigating political, currency, and credit risks, thereby encouraging investors to engage in crucial infrastructure projects.

ATIDI roots for uptake of development insurance to catalyse mega projects

Packaging firm Shri Krishana Overseas eyes NSE listing

Shri Krishana Overseas Limited (SKL), a Kenyan packaging solutions provider has announced plans to list on the Nairobi Securities Exchange (NSE).

Packaging firm Shri Krishana Overseas eyes NSE listing

How Kenya Power lit up Kenyans to Sh9.97 billion net profit

Kenya Power has recorded a Sh9.97 billion profit after tax for the half year ended December 31, 2024, a significant turnaround for the once loss-making power utility.

How Kenya Power lit up Kenyans to Sh9.97 billion net profit

Kenyan Fintech joins UN global compact

Mobile lending firm Tala has become the first Kenyan financial technology company to join the UN Global Compact, a global initiative promoting ethical business practices.

Kenyan Fintech joins UN global compact

Tala to expand lending to unbanked groups

Mobile lender Tala plans to increase credit access to financially excluded groups in the country, including women and small businesses.

Tala to expand lending to unbanked groups

KRA needs to collect Sh8b daily to hit Sh2.6tr June target

KRA has announced a revenue collection of Sh1.243 trillion as of December 31, 2024, a modest growth of 4.5 per cent over the previous year.

KRA needs to collect Sh8b daily to hit Sh2.6tr June target

KPC's Sh7b windfall boosts cash-strapped Treasury

The Kenya Pipeline Corporation (KPC) has remitted Sh7 billion in dividends to the National Treasury, providing a much-needed boost to the strained Kenya Kwanza government's coffers.

KPC's Sh7b windfall boosts cash-strapped Treasury

Airlines, hotels, NGOs and suppliers hit by USAID disruption

Kenyan airlines, hotels, small businesses and suppliers as well as thousands of non-governmental organisations are facing an uncertain economic future.

Airlines, hotels, NGOs and suppliers hit by USAID disruption

Inside Kenya's fresh plan to raise tourist numbers

The National Government is keen to position the country as a premier destination in Africa, targeting a significant increase in tourist arrivals this year.

Inside Kenya's fresh plan to raise tourist numbers

Commodity prices to increase as KPA reviews tariffs

Higher port fees would likely translate to increased import costs, which could then be passed on to consumers through higher prices for goods on store shelves.

Commodity prices to increase as KPA reviews tariffs

From Mukuru slums to global success: How Dennis Maina built digital marketing firm

Born and raised in Nairobi’s Mukuru kwa Reuben slum, Maina overcame significant challenges to achieve success and is now dedicated to empowering the next generation of leaders.

From Mukuru slums to global success: How Dennis Maina built digital marketing firm

Kenya credit rating upgrade set to boost Treasury debt strategy

Global ratings agency Moody’s changed the country’s outlook from negative to positive. It pointed to a recent decline in domestic borrowing costs and recent tax policy changes.

Kenya credit rating upgrade set to boost Treasury debt strategy

Moody's credit rating upgrade to boost Kenya's debt strategy

Kenya’s credit rating improves from negative to positive due to reduced debt risks and cheaper domestic financing costs, global rating firm Moody’s says.

Moody's credit rating upgrade to boost Kenya's debt strategy

Inside Ruto's IMF-backed restructuring of State firms

The government insists that the restructuring is necessary to save money and improve efficiency in the public sector.

Inside Ruto's IMF-backed restructuring of State firms

Envoy says Kenya sees China as crucial bilateral partner beyond infrastructure

Ambassador Jane Makori emphasized the deepening of the strategic partnership between East Africa’s largest economy and the world’s second-largest economy after

Envoy says Kenya sees China as crucial bilateral partner beyond infrastructure

TransCentury bounces back with Sh375m half-year profit

It marks a major turnaround for the investment firm from a loss of Sh1.66 billion in the half-year period a year earlier. This was on the back of a strong performance.

TransCentury bounces back with Sh375m half-year profit

Cabinet dissolves nine state corporations, approves merger of 42

Ruto has announced mega plans to dissolve 9 state corporations and merge 42 others as part of a sweeping reform program aimed reducing the government's wage bill.

Cabinet dissolves nine state corporations, approves merger of 42

AAR introduces newborn ENT tests to improve early detection of hearing loss

AAR Hospital has introduced a new range of ear, nose, and throat (ENT) tests for newborns, aiming to improve early detection of hearing complications and other related conditions.

AAR introduces newborn ENT tests to improve early detection of hearing loss

Tough economy cools Kenyans' huge appetite for buying land

The Hass Land Price Index for the fourth quarter of 2024 reveals a significant slowdown in land price growth, particularly in Nairobi's satellite towns.

Tough economy cools Kenyans' huge appetite for buying land

CMC exit: Is Kenya turning into a graveyard for industries?

The announcement that CMC Motors Group will be shutting down has rekindled concerns about the state of Kenya’s business environment.

CMC exit: Is Kenya turning into a graveyard for industries?

Afreximbank receives top rating from China, boosting African development

CCXI recognises Afreximbank’s strategic relevance to the (African) continent and its ability to execute on its strategic goals and mandate

Afreximbank receives top rating from China, boosting African development

CBK fast-tracks new mobile payment system to rival M-Pesa

The system will enable seamless interoperability between all retail payment services offered by both banks and non-bank providers.

CBK fast-tracks new mobile payment system to rival M-Pesa

Kenya, China eye strong ties with focus on SGR extension

China has reaffirmed its commitment to supporting Kenya's development ambitions, pledging continued cooperation across key sectors.

Kenya, China eye strong ties with focus on SGR extension

China and Kenya China pledge to deepen cultural exchanges, strengthen ties

Kenya and China have reaffirmed their commitment to deepening cultural exchanges and strengthening bilateral ties, as evidenced by the recent joint celebration of the Chinese New Year in Nairobi.

China and Kenya China pledge to deepen cultural exchanges, strengthen ties

Kenya-UAE deal could be a catalyst for job creation and an economic booster

Pact seeks to eliminate trade barriers, improve market access and increase investment flows. Key sectors that will benefit significantly include agriculture, tourism and technology traders.

Kenya-UAE deal could be a catalyst for job creation and an economic booster

State eyes more Eurobonds to ease Sh10tr debt

The Kenya Kwanza government is considering issuing Eurobonds to manage and ease its maturing debt burden, according to newly published Budget documents.

State eyes more Eurobonds to ease Sh10tr debt

End of the road for CMC Motors as auto dealer to close shop

After four decades as a powerhouse of East Africa's agricultural and automotive sectors, CMC Motors Group is shutting down operations in Kenya, Tanzania, and Uganda.

End of the road for CMC Motors as auto dealer to close shop

New sugar levy leaves bitter taste for households as prices to go up

Kenyan households are bracing for an increase in sugar prices as a new levy, instituted under the recently passed Sugar Act, takes effect on February 1.

New sugar levy leaves bitter taste for households as prices to go up

Can UAE deal make Kenya Dubai of Africa?

The recent signing of a comprehensive economic partnership agreement between Kenya and the UAE heralds a significant shift in economic relations.

Can UAE deal make Kenya Dubai of Africa?

Majority of Kenyans project a tough future for their children

They attribute the projection to poor economic conditions in the Pew Research Centre survey.

Majority of Kenyans project a tough future for their children

Ruto now turns to UAE to grow jobs, economy with new trade deal

Kenya and the United Arab Emirates (UAE) signed a Comprehensive Economic Partnership Agreement (CEPA) on Tuesday aimed at boosting trade, investments and creating jobs.

Ruto now turns to UAE to grow jobs, economy with new trade deal

China Square's Sh1b expansion war chest rattles retail outlets

The firm’s low-cost strategy has drawn the attention and concern of competitors. chain’s aggressive pricing could disrupt established market dynamics.

China Square's Sh1b expansion war chest rattles retail outlets

CBK faces litmus test in fresh multi-billion-coin minting tender

CBK came under the spotlight for the Sh15 billion new banknotes deal awarded to a German firm. Auditor General Gathungu cited a lack of competitive bidding in the previous tender.

CBK faces litmus test in fresh multi-billion-coin minting tender

KenGen to ramp up geothermal output with Hell's Gate project

State-owned power producer is currently conducting an environmental impact assessment in the protected area.

KenGen to ramp up geothermal output with Hell's Gate project

Kenya to legalise cryptocurrencies, says Treasury Cabinet Secretary

Kenya is preparing legislation to legalice cryptocurrencies, the Treasury Cabinet Secretary John Mbadi, said on Friday, marking a significant shift in the government's stance.

Kenya to legalise cryptocurrencies, says Treasury Cabinet Secretary

Kenya tops African venture funding in 2024 with Sh82b

Kenya has cemented its position as the leading destination for venture funding in Africa, attracting $638 million (Sh82.3 billion) in 2024, according to a report by Africa the Big Deal.

Kenya tops African venture funding in 2024 with Sh82b

New Year pain for consumers as fresh round of taxes kick in

Kenyans are bracing for a fresh wave of economic hardship as a raft of new taxes, introduced under the Finance Act, 2024 came into effect.

New Year pain for consumers as fresh round of taxes kick in

CMA warns listed firms over neglect of minority shareholders

The Capital Markets Authority has warned listed companies against failing to adequately protect the rights of minority shareholders.

CMA warns listed firms over neglect of minority shareholders

Treasury tightens screws on State corporations in fresh revenue hunt

The cash-strapped administration of President Ruto has issued a stern directive to State corporations, demanding increased revenue generation and stricter financial discipline.

Treasury tightens screws on State corporations in fresh revenue hunt

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