Showing posts with the label BusinessShow All
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 immediate effect acros…
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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 of supertankers ou…
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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 strengthen healthcare syst…
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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 ($4) per gallon, d…
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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 media platform Tik…
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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 the appointment of …
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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 economic anxiety, with ana…
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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-growing credit mark…
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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 alleged abuse of market d…
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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 presidency of Donald T…
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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 before retirement …
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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 strengthening regional…
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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 confirmation step when send…
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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 to historic highs in…
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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 move aimed at stren…
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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 prolonged delays will …
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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 seeks to raise Ksh50 b…
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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 development financing…
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Inside SACCOs’ Push for Tax Reforms to Boost Lending and Protect Member Savings
Savings and Credit Cooperative Societies (SACCOs) could soon enjoy tax relief that may lower the cost of borrowing for millions of Kenyans, following fresh ref…
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AFCON 2025: Continental Heavyweights Set for High-Stakes Semi-Final Showdowns
Africa’s football heavyweights are set for decisive battles as the 2025 Africa Cup of Nations enters its semi-final stage, with eight of the continent’s most d…
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