Treasury on the spot over zero funding for vaccines

By Kepha Muiruri,

The National Treasury has come under fi re for the non-allocation of resources for the procurement of COVID-19 vaccines in the financial year commenci...

2021/22 , COVID-19 , National Treasury , vaccines

Simba Corp rolls out locally assembled Proton Saga saloon car

By Citizen Reporter,

Simba Corp on Monday launched sales of the locally assembled Proton Saga saloon car. The Proton Saga is locally assembled at the Associated Vehicle...

Proton Saga , Simba Corp

Kenya gets international recognition for promotion of clean cooking

By Citizen Reporter,

Kenya has been recognized by Solar Cookers International (SCI) for its progressive effort in promoting and expanding the use of clean cooking as an al...

clean cooking , Keter , Solar Cookers International

Carbacid’s offer for BOC opens amidst pushback on price

By Kepha Muiruri,

Carbacid Investments offer to acquire BOC Kenya (BOCK) has opened without amendments to its valuation of the company. Carbacid alongside its Aksaya...

BOC Kenya , Carbacid Investments , mergers and acquisitions

Laikipia becomes fourth county to earn credit ratings

By Kepha Muiruri,

Laikipia has become the fourth County to earn credit ratings as the devolved units continue to gear up for independent borrowing. On Tuesday, the C...

GCR , Laikipia County.

5 Reasons why Bitcoin is better than Fiat Money

By Agencies,

Since the introduction of Bitcoin in 2009, the preferences of the investors and traders are slowly moving towards the cryptocurrency market. There are...

Treasury raises 2021 growth forecast to 7 percent

By Kepha Muiruri,

The National Treasury expects 2021 growth to bounce back at a higher seven percent from its initial projection of 6.4 per cent in January. The enha...

GDP growth , National Treasury

Absa Bank Kenya pledges more support for SMEs

By Citizen Reporter,

Absa Bank Kenya Plc. on Wednesday celebrated its one-year anniversary in the market with a commitment to significantly invest towards transforming cus...

Absa Bank Kenya

Kenya to host first Africa Digital Finance Summit

By Benjamin Muriuki,

Kenya is set to host the first Africa Digital Finance Summit (ADFS) from February 18-19, 2021 bringing together experts in the digital and finance spe...

Africa Digital Finance Summit , Glass House

Kenya adds Ksh.1.2T to debt stock in 2020

By Kepha Muiruri,

Kenya added Ksh.1.2 trillion to its debt portfolio in 2020 as the country’s stock of debt hit Ksh.7.3 trillion in December from Ksh.6 trillion a yea...

coronavirus , debt

Half year tax revenues down 13.6 per cent at Ksh.673.6 billion

By Kepha Muiruri,

The National Treasury has reported a 13.6 per cent slump in tax collected through the first six months of the 2020-21 financial year to December 2020....

Kenya Revenue Authority (KRA) , National Treasury , taxes

Sasini returns to profitability on cost containment measures

By Kepha Muiruri,

Grower Sasini Plc has returned to profitability booking a Ksh.12.6 million profit for the year running to the end of September 2020. This to revers...

sasini

Hope for SMEs as Kenyan banks renew risk appetite

By Kepha Muiruri,

Small and medium enterprises (SMEs) are set to profit from the greater issuance of credit by commercial banks in 2021 as the lenders expand their thre...

loans , smes

Hotels back to square one as holiday wrap cuts domestic tourism

By Kepha Muiruri,

Local hotels are effectively scheduled for a reset as the end of the Christmas festivities cut off domestic tourism. Kenyans travelling domesticall...

Vivo Energy Kenya retains market leadership amid COVID-19 pandemic

By Citizen Reporter,

Vivo Energy Kenya, the company that distributes and markets Shell-branded fuels and lubricants in the country has maintained its market leadership, la...

vivo energy kenya

2020 review: Millions mark end of the year in economic despair

By Kepha Muiruri,

Like any other year, the start of 2020 was premised on high hopes for better fortunes and tidings by Kenyans with many coining the unofficial phrase �...

coronavirs , economy , tax

Zenka named most outstanding mobile loans app of the year

By Citizen Reporter,

Digital lender Zenka Finance Limited has been named the most outstanding mobile loans app of the year 2020 in the Pacesetter Award Kenya (PSA). PS...

mobile loans , Pacesetter Award , Zenka Finance

Kenya Power unveils Ksh.800M plan to address outages

By Citizen Reporter,

Kenya Power has launched a Ksh. 800million electricity network management programme aimed at maintaining the electricity network countrywide for impro...

Electricity bill , KENYA POWER , Power Outage

Bamburi signs up to implement women’s empowerment principles

By Citizen Reporter,

Bamburi Cement Group Managing Director Seddiq Hassani has signed the CEO statement of support for the Women’s Empowerment Principles (WEPs) to symbo...

Bamburi Cement , Equileap , Seddiq Hassani , Women’s Empowerment Principles

The pinch of a fading shilling

By Kepha Muiruri,

On January 2, 2020, Ksh.101.34 would have been enough to get your hands on a US dollar, today, you would require Ksh.110.97 to close the same transact...

Central Bank of Kenya (CBK) , shilling , US Dollar