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.
As Kenyans prepare for another financial year marked by new taxes and spending controls, one figure stands out in the government’s budget plans: KSh2.31 trillion. That i...
Kenya’s growing dependence on imported rice is once again exposing the delicate balance between food security and the protection of farmers. As lawmakers push for a bailou...
President William Ruto has persuaded transport operators to call off the nationwide strike that had paralysed movement across major towns and cities earlier this week, following a high-level meeting i...
A strike by cross-border truck drivers at the Malaba border between Uganda and Kenya caused major disruption to regional trade earlier this week, with authorities estimating...
