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.
Gold is once again at the centre of global reserve management, with central banks around the world increasing their holdings to levels not seen in half a century. The renewe...
East African Community (EAC) member states on Thursday tabled their national budget estimates for the 2026/27 fiscal year, unveiling people-centred and growth-oriented spend...
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...
