How to check your Fuliza limit on Safaricom

By Imani Mitchelle,

Fuliza is a service offered by Safaricom that enables users to complete their financial transactions even when they do not have enough money in their ...

fuliza , mpesa , Safaricom

Treasury warns of painful cuts to Ministry budgets

By Kepha Muiruri,

The National Treasury has urged Ministries and State Departments (MDAs) to brace for painful budget cuts as the budget making process for the 2020/21 ...

2020/2021 budget , National Treasury , recurrent expenditure

Equity Group doubles presence in DRC with new acquisition

By Kepha Muiruri,

Equity Group has moved to strengthen its Democratic Republic of Congo (DRC) banking business with a new proposed purchase of a controlling stake in th...

Equity Group , James Mwangi , mergers and acquisitions

Troubled Nakumatt postpones date with creditors for second time

By Kepha Muiruri,

Nakumatt has put off the meeting with creditors for a second time pending the completion of an accounts audit. The firm has sought for the interjec...

nakumatt , Peter Kahi

Experts warn of inflation risks despite price cool down

By Kepha Muiruri,

Experts have warned of downward risks from inflation in spite of a significant cool down in the growth of consumer prices in recent months. Food-fu...

CBK , consumer prices in Kenya , Inflation , National Treasury

Kenya Airways withdraws plan to take over JKIA

By Faizal Ahmed,

Kenya Airways (KQ) has formally withdrawn the privately-initiated investment proposal from consideration of the Kenya Airports Authority (KAA). In ...

jkia , Kenya Airways , kq

Telkom accuses Safaricom of sabotage in quest to merge with Airtel

By Kepha Muiruri,

Telkom has blamed rival Safaricom over its delayed receipt of requisite approvals from the Communications Authority (CA) in its quest to merge operati...

Airtel , Communications Authority , Mugo Kibati , Telkom

KCB names HR guru Paul Russo as designate NBK boss

By Kepha Muiruri,

KCB has named its Director of Regional Businesses Paul Russo as the designate Managing Director of the National Bank of Kenya (NBK). Russo is set t...

KCB Group , National Bank of Kenya (NBK) , Paul Russo

Falling food-prices cool inflation to 5-month low

By Kepha Muiruri,

The inflation rate fell to a five-month low five percent in August, the monthly consumer price-survey by the Kenya National Bureau of Statistics (KNBS...

CPI , Inflation , Kenya Shilling , KNBS

KAA boss Jonny Anderson to exit early for ‘personal reasons’

By Wangui Ngechu,

Kenya Airports Authority (KAA) CEO Jonny Anderson will be leaving on September 30, 2019 two months before his 3-year term expires citing personal reas...

CEO , Jonny Anderson , KAA , Kenya Airports Authority

Money under mattress? Critics raise concern as CBK deadline for old Ksh.1K notes nears

By Kepha Muiruri,

The demonetisation order from the Central Bank of Kenya (CBK) which largely involves removing old series Ksh. 1000 notes from circulation risks closin...

CBK , demonetization

Kenya Airways board lukewarm on nationalisation

By Kepha Muiruri,

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...

Kenya Airways , Michael Joseph

Kenya Airways records Ksh.8.6B loss in 2019 half year

By Kepha Muiruri,

Kenya Airways (KQ) has posted a pretax loss of Ksh.8.56 billion in its 2019 half year earnings to June 30. This marks a more than double increase i...

Kenya Airways , Michael Joseph , Sebastian Mikosz

Communications Authority Board averts crisis with Wanjau appointment

By Kepha Muiruri,

The Board of the Communications Authority (CA) has appointed Mercy Wanjau as the new caretaker Director-General. Thursday’s appointment comes in ...

Communications Authority , Mercy Wanjau , Mucheru

Loss of jobs to automation spells doom for KRA targets

By Kepha Muiruri,

The loss of jobs to automation has spelt doom for the Kenya Revenue Authority (KRA) tax mobilization goal as the country’s economic structure underg...

KRA

KRA recoveries from tax evaders rise to Ksh.8.5 billion

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) has increased its recoveries from tax avoidance to Ksh.8.53 billion across the 2018/19 financial year. The improv...

2018/19 revenue performance , KRA , tax evasion

Uhuru’s Ksh.3 billion coffee fund hit by lengthy delay

By Kepha Muiruri,

The implementation of the Ksh.3 billion evolving cherry advanced coffee fund faces a lengthy delay, this as the state ties up the operation of the kit...

coffee farming in Kenya , KPCU , Uhuru kenyatta

Stanbic remains tight-lipped on staff layoffs

By Kepha Muiruri,

Stanbic Group has remained mum on the impending staff layoffs even as its proposed voluntary early retirement (VER) scheme employee submission window ...

Pressure behind Govt’s demand that cargo be ferried via SGR

By Kepha Muiruri,

The government's recent directive on compulsory transportation of all import cargo from Mombasa to Nairobi via the Standard Gauge Railway (SGR) has el...

KPA , KRA , Ministry of Transport and Infrastructure , SGR

Equity Bank’s Finserve boss Jack Ngare moves to Microsoft

By Kepha Muiruri,

Managing Director to Equity Group’s digital finance subsidiary Finserve Africa-Jack Ngare has ditched the lender for global tech giant Microsoft. ...

Equity Group , Finserve Africa , Jack Ngare