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Broke, unemployed and in debt: Kenyan university students in crisis
By Kepha Muiruri,
1245, November 30, 2019 (EAT)
The country is staring an effective student debt crisis in the short-run as Kenyan university students bear considerable weight of loan repayments. ...
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Senate Committee approves Treasury’s Ksh.9T debt ceiling ahead of Tuesday’s decisive vote
By Kepha Muiruri,
1917, November 4, 2019 (EAT)
Senate’s joint Committee on Delegated Legislation and Finance has approved the National Assembly-seconded amendment to the Public Finance Management...
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Safaricom announces 14.4% rise in net profit
By Citizen Reporter,
1009, November 1, 2019 (EAT)
Safaricom has announced a 14.4% rise in net profit for the first half of the year to September 30, 2019. CEO Michael Joseph said the company's net ...
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Kenya retains 3rd place in continental investor attraction ranking
By Kepha Muiruri,
2023, October 23, 2019 (EAT)
Kenya has retained third place in its attraction to investments on the continent, according to the recently published ABSA Africa Financial Markets In...
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Safaricom demands Ksh.1.3 billion from Airtel, Telkom Kenya
By Kepha Muiruri,
2108, September 4, 2019 (EAT)
Safaricom has demanded the settlement of a Ksh.1.3 billion debt from Airtel and Telkom Kenya ahead of the planned merger of operations by the two mobi...
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Kenya Airways board lukewarm on nationalisation
By Kepha Muiruri,
1220, August 28, 2019 (EAT)
The Board of Kenya Airways (KQ) has emerged half-hearted in its receipt of the government’s decision to nationalise the carrier. KQ which saw its...
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Bank of Mexico lowers interest rate, citing global concerns
By Reuters,
1155, August 16, 2019 (EAT)
Mexico's central bank said Thursday it was lowering its benchmark interest rate by a quarter-point to 8%, citing slowing global economic activity and ...
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MPs back plan to nationalise Kenya Airways
By Reuters,
844, July 24, 2019 (EAT)
Parliament voted on Tuesday to nationalise the country’s main airline Kenya Airways to save it from mounting debts. The loss-making airline, whic...
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Auditor General unearths Ksh.35B pending bills scam
By Stephen Letoo,
1227, June 21, 2019 (EAT)
Tax payers risk losing up to Ksh.35 billion should the 47 county governments honour all the listed pending bills, in compliance with President Uhuru K...
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SportPesa under fire as KRA demands Ksh.14.9B in tax arrears
By Sam Ogina,
1213, May 10, 2019 (EAT)
KRA is in a vicious protracted court tussle with SportPesa over billions of shillings in tax arrears. The taxman is demanding a whopping Ksh.14.9bi...
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Rachier: This is a breakdown of Gor’s finances
By Matthews Mutai,
1551, May 6, 2019 (EAT)
Kenyan Premier League (KPL) giants Gor Mahia FC are shouldering a Sh. 105.5 million in debt burden according a summary of the club’s income and expe...
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State corporations, other organizations owe Treasury over Ksh.800B
By Dennis Otieno,
1200, May 3, 2019 (EAT)
State corporations and other government agencies owe the national government close to Ksh.800 billion in loans. According to last year’s budget e...
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China April factory growth unexpectedly slows as economy struggles for traction
By Reuters,
1030, April 30, 2019 (EAT)
Factory activity in China expanded for a second straight month in April but at a much slower pace than expected, an official survey showed on Tuesday,...
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Flooding woes add to trade war stress in ‘Trump country’ farm belt
By Reuters,
924, March 26, 2019 (EAT)
Nebraska grain farmer Ryan Ueberrhein was barely breaking even after the U.S.-China trade war pushed prices for his soybean crop to a decade low. Then...
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Egypt to see gas boost from BP fields, Zohr
By Reuters,
1058, February 12, 2019 (EAT)
Egypt’s gas output will get a boost this year as the country’s huge Zohr field nears peak production and with $1.8 billion in investment from BP, ...
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UN Urges dialogue to resolve Venezuela crisis
By VOA,
1542, January 25, 2019 (EAT)
United Nations Secretary-General Antonio Guterres is warning the situation in Venezuela could descend into “disaster” if the country’s main poli...
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Base Titanium clears Ksh. 2.4B outstanding project debt
By Kepha Muiruri,
1940, January 17, 2019 (EAT)
Kwale-based titanium exploration and mining company Base Titanium has cleared its outstanding debt amounting to Ksh2.4 billion (USD 14.8 million) givi...
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Zambian president swears in new army chief Sikazwe
By Reuters,
1028, January 1, 2019 (EAT)
Zambian President Edgar Lungu on Monday swore in Lieutenant General William Sikazwe as head of the armed forces. At the ceremony, he told Sikazwe t...
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Sugarcane farmers issue strike notice over Ksh.2.6B debt
By George Juma,
1018, January 1, 2019 (EAT)
The Kenya National Federation of Sugarcane Farmers have issued a one week strike notice to the government over unpaid arrears amounting to Ksh.2.6bill...
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China economy slowing, two indicators show
By VOA,
1716, December 14, 2018 (EAT)
China’s November retail sales grew at their weakest pace since 2003 and industrial output rose the least in nearly three years as domestic demand so...
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