Kenya will pay back part of the $2 billion (Sh303 billion) Eurobond next month as it moves to calm a global financial market that has been jittery over the country’s ability to meet its obligations next June.
President William Ruto delivered his first State of the Nation address before both Houses of Parliament in a speech that was supposed to offer hope to a tired nation that is reeling under heavy taxation and a battered economy.
Telecommunications giant Safaricom announced a 10.9% net income growth to Ksh.41.6 billion in the last six months to September 30, 2023. In a report on Thursday, the telco stated that its operations in Ethiopia had also recorded a positive net income growth of 2.1% to Ksh.34.2 billion. The strong performance, Safaricom said, is attributed to the introduction of more customer-friendly products like youth-specific products, Safaricom Hook and the rolling out of accelerated 5G.
The International Finance Corporation (IFC), the World Bank Group's private-sector lending arm, has conditionally committed KSh1.94 billion (US$15 million) to acquire a 6.5%...
The planned September 30 groundbreaking of the proposed East Africa Oil Refinery in Lamu proceeded despite an ongoing land dispute before the Malindi Environment and Land Co...
The Ethics and Anti-Corruption Commission (EACC) is seeking to recover KSh407.9 million allegedly lost by the Nairobi City County Government through irregular payments to 14...
Kenyan borrowers hoping for cheaper credit face a longer wait after the Central Bank of Kenya (CBK) paused its rate-cutting cycle, citing the escalating Middle East conflict...
