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U.S. imposes wide array of sanctions on Russia for ‘malign’ actions
By Reuters,
2321, April 15, 2021 (EAT)
The United States on Thursday imposed a broad array of sanctions on Russia, including curbs to its sovereign debt market, to punish it for interfering...
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CMA goes after Imperial Bank directors in probe on botched bond offer
By Kepha Muiruri,
1757, April 15, 2021 (EAT)
The Capital Markets Authority (CMA) has initiated enforcement proceedings against former board members of Imperial Bank over their failure to oversigh...
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State mulls expanding mandatory insurance in Ksh.1.1 billion industry revamp plan
By Kepha Muiruri,
1456, April 13, 2021 (EAT)
Kenyans could be forced to meet new compulsory insurance costs as the government moves to strengthen the local underwriting sector. The new proposa...
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Heavy rains leave trail of destruction as weatherman warns of more floods
By Chemutai Goin,
1246, April 12, 2021 (EAT)
Car dealers are counting losses after two trees fell on at least 10 high end vehicles at a yard on Ngong Road in Nairobi. Heavy rains -- that are e...
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Struggling Spire Bank picks new finance chief
By Kepha Muiruri,
1358, April 9, 2021 (EAT)
Struggling Mwalimu National Sacco lending subsidiary Spire Bank has named Fredrick Omondi Nyasaka as its new head of finance and administration. Ny...
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Private importer set to export remaining Sputnik V vaccine doses from Kenya
By Elphas Lagat,
741, April 9, 2021 (EAT)
The decision to ban the importation, distribution and use of the Sputnik V vaccine led to controversy in the country with the Ministry of health shift...
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Blow to Sputnik vaccine importers in Kenya as Gov’t locks out private sector in roll-out plan
By Benjamin Muriuki,
1411, April 8, 2021 (EAT)
No private entity will be involved in the Phase 1 procurement of COVID-19 vaccines in Kenya, the Ministry of Health has declared. According to Heal...
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South Korea’s LG becomes first major smartphone brand to withdraw from market
By Reuters,
828, April 5, 2021 (EAT)
South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the fir...
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Kenya Power suspends plans to raise cost of electricity
By Citizen Reporter,
1541, April 2, 2021 (EAT)
Kenya Power has abandoned the quest to raise its electricity tariff to customers offering a relief to consumers who had opposed the plans According t...
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Kagwe roots for social protection to cushion economically vulnerable Kenyans
By Citizen Reporter,
1548, March 31, 2021 (EAT)
Health CS Mutahi Kagwe has underscored the role of social protection programmes’ to ease economic challenges associated with the COVID-19 pandemic. ...
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Uhuru orders review of power purchase agreements as losses mount
By Reuters,
1701, April 1, 2021 (EAT)
President Uhuru Kenyatta has set up a team to review power purchase agreements signed over the years by Kenya Power which has been making losses in th...
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Lockdown round 2: Now what for employees and business owners?
By Guest Writer,
1617, March 30, 2021 (EAT)
On Friday 26 th March 2021, President Kenyatta announced the cessation of movement by air, road and rail movement in and out of Nairobi, Kajiado, Mach...
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Why is the price of bitcoin higher in Africa than in other countries?
By Agencies,
1710, March 27, 2021 (EAT)
The whole world perceives Africa as an underdeveloped country suffering from poverty and malnutrition for ages. With all that not-so-good perception a...
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DTB full-year profit down 53 per cent to Ksh.3.2 billion
By Kepha Muiruri,
1737, March 26, 2021 (EAT)
The Diamond Trust Bank (DTB) has announced a 52.9 per cent decline in full-year profit covering the period ending December 2020 with earnings falling ...
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Sanlam sinks to Ksh.78 million full-year loss
By Kepha Muiruri,
1655, March 25, 2021 (EAT)
Insurer Sanlam Kenya Plc has fallen into a Ksh.78.2 million full-year loss for the period ended in December 2020, swinging from a Ksh.114.4 million pr...
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Gor coach Pinto attributes recent patchy form to ‘bad luck’
By John Kyanda,
1135, March 24, 2021 (EAT)
Gor Mahia head coach Carlos Pinto has attributed their recent defeats in the Football Kenya Premier League to 'bad luck'. On Monday the defending c...
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Namibian Gov’t removes tax for sanitary pads
By Agencies,
800, March 22, 2021 (EAT)
The Namibian Government has abolished taxation of sanitary pads. Finance Minister Iipumbu Shiimi announced that the directive would take effect in ...
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Late Tanzania President John Magufuli’s frosty relationship with Kenya
By Francis Gachuri,
1138, March 19, 2021 (EAT)
Diplomatic flare-ups and tension between Kenya and Tanzania characterised the late president John Pombe Magufuli’s almost 6-year tenure. His on a...
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Leopards need to win league title as honour to 57th anniversary – Sunguti
By Godfrey Ashiali,
1123, March 15, 2021 (EAT)
AFC Leopards should lift the FKF-PL title this season to make it a perfect 57th anniversary, club legend George Sunguti has said. Sunguti who donne...
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South African billionaire Motsepe elected new CAF president
By Reuters,
1525, March 12, 2021 (EAT)
South African billionaire mining magnate Patrice Motsepe was elected unopposed as the new Confederation of African Football president, at the organisa...
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