CBK Reports Stable Shilling as Foreign Exchange Reserves Stay Above Required Levels
NAIROBI – The Kenyan shilling remained stable against the US dollar during the week ending June 25, 2026, as the Central Bank of Kenya (CBK)...
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Safaricom Explains Why Tunukiwa Offers Frequently Change for Customers
Telecommunications giant Safaricom has defended the dynamic nature of its Tunukiwa service after a customer raised concerns over the placeme...
Kenya Sugar Board Cuts Cane Prices to Ksh5,500 per Tonne Amid Industry Review
The Kenya Sugar Board has announced a reduction in the minimum sugarcane price from Ksh5,750 to Ksh5,500 per tonne, in a move that takes imm...
Supertankers begin exiting Gulf after ceasefire, signaling cautious recovery in oil flows
Global oil markets are showing early signs of recovery after a fragile ceasefire between United States and Iran triggered the first movement...
World Bank Backs Africa’s Push to Cut Reliance on Imported Medicines
The World Bank Group has thrown its weight behind Africa’s efforts to reduce dependence on imported medicines, in a move expected to strengt...
US fuel prices surge past Ksh520 as global oil supply strains deepen
Fuel prices in the United States have surged to their highest levels in nearly four years, with the average cost of gasoline crossing Ksh520...
Trump Administration to Receive Ksh1.3 Trillion for US TikTok Deal
The Trump administration is set to receive Ksh1.3 trillion from investors involved in a deal to create a US-controlled version of the social...
BAT Kenya Announces Major Leadership Changes as Achola and Kipkemoi Exit
British American Tobacco Kenya (BAT Kenya) has announced a major leadership transition involving the departure of two senior executives and ...
How US-Israel strikes on Iran threaten the Strait of Hormuz and global oil markets
Escalating military confrontation between the United States, Israel and Iran has placed the Strait of Hormuz at the centre of global economi...
Treasury Unveils Tough Measures to Rein In Rogue Digital Lenders
The National Treasury has announced a fresh crackdown on rogue digital lenders as the government moves to tighten oversight in Kenya’s fast-...
COMESA Launches Probe into Meta Over WhatsApp AI Restrictions
The COMESA Competition and Consumer Commission (CCPC) has officially opened an investigation into Meta Platforms Ireland Limited over allege...
China Moves to Redraw Global Trade Map as Trump Tariffs Backfire
China is positioning itself to reshape global trade in ways that could shield its $19 trillion economy from U.S. pressure long after the pre...
Govt Proposes Two-Pot Pension System Allowing Early Access to Savings
The government is planning sweeping changes to Kenya’s retirement savings framework that could allow workers to access part of their pension...
Uganda Explores Tanzania Pipeline to Diversify Fuel Import and Export Routes
Uganda has entered advanced discussions with Tanzania to develop a pipeline for transporting refined petroleum products, a move aimed at str...
Safaricom clarifies new M-Pesa verification step after user complaints
Safaricom has moved to explain a recently introduced M-Pesa verification feature after customers raised concerns over an additional confirma...
Gold, Silver Slide Sharply After Sudden End to Record-Breaking Rally
Gold and silver prices continued to tumble on Monday after a dramatic reversal wiped out part of the gains that had driven precious metals t...
Treasury to Fully Automate External Debt Payments From February 2026
The National Treasury has announced that Kenya will fully transition to an automated external debt payment system starting February 2026, a ...
Inside State’s Tough New Plan to Scrap Contracts for Stalled Projects
The government has unveiled a hardline strategy aimed at ending the culture of stalled infrastructure projects, warning contractors that pro...
CBK Reopens 15- and 25-Year Treasury Bonds in Ksh50 Billion Borrowing Drive
The Central Bank of Kenya (CBK) has invited investors to submit bids for the reopening of two long-term Treasury bonds as the government see...
Treasury Plans Sale of 15% Safaricom Stake to Vodacom in Major Capital Raise
The National Treasury has initiated plans to sell a 15 per cent stake in Safaricom PLC to the Vodacom Group in a move aimed at mobilising de...
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