‘Demonetization of old Ksh.1K notes did not filter out dirty cash,’ IEA says

By Kepha Muiruri,

The demonetization process, carried out in 2019, did not achieve its intended purpose of ridding the economy off black money according to new findings...

demonetization

KenGen to payout Ksh.1.98B to shareholders for year ended June 2020

By Citizen Reporter,

Kenya Electricity Generating Company PLC (KenGen) will pay its shareholders Ksh. 1.98billion in dividends. This follows Thursday’s approval by sh...

kengen , miano , Mwathethe

Inflation pressures persist despite hold on fuel price hike, minimum tax

By Kepha Muiruri,

The cost of living/inflation is expected to trend upwards this month in spite of a hold on both fuel prices on April 14 and the hold on executing mini...

food costs , fuel prices , Inflation , Kenya National Bureau of Statics (KNBS)

Pension assets defy pandemic to hit Ksh.1.4 trillion in 2020

By Kepha Muiruri,

Retirement benefits/pension assets under management grew by 5.8 per cent last year to reach Ksh.1.4 trillion defying the impact of the COVID-19 pandem...

COVID-19 , pension assets , Retirement Benefits Authority (RBA)

Total, CNOOC reach final agreements on Uganda, Tanzania projects

By Reuters,

French major Total said on Monday and its partners have concluded final agreements to launch the Lake Albert resources development project in Uganda a...

CNOOC , Tanzania , uganda

Twitter to open first Africa office in Ghana

By Reuters,

Twitter Inc will open its first African office in Ghana, it said on Monday, as the social media company seeks to make inroads in some of the world’s...

Twitter

Maize flour prices to increase over ‘unclarity’ on import ban: CMA

By Citizen Reporter,

The Cereal Millers Association (CMA) has criticised what it terms as unclarity with regards to the recent ban on maize imports from Uganda and Tanzani...

Cereal Millers Association , maize flour prices

Uganda, Tanzania, oil firms sign accords to build Ksh.375B pipeline

By Reuters,

Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion (Ksh. 375.5billion) ...

Museveni , suluhu

New study reveals where trade grew despite the pandemic

By Agencies,

A global study of private sector perspectives, commissioned by DP World and conducted by The Economist Intelligence Unit, shows international trade fl...

DP World , international trade , pandemic , The Economist Intelligence Unit

Uhuru calls for more trade and investment deals among OACPS countries

By PSCU,

President Uhuru Kenyatta has called for more trade and investment deals among member countries of the Organization of African, Caribbean and Pacific S...

OACPS , Trade

Huawei releases its 2020 Annual Report

By Agencies,

Huawei has released its 2020 Annual Report. Growth slowed, but the company's business performance was largely in line with forecast. Huawei's sales...

Africa Check, Google.org partner to fight false information using AI

By Citizen Reporter,

Fact-checking organisations Africa Check, Full Fact and Chequeado received a $2million (Ksh. 218,700,000) grant alongside seven Google.org Fellows who...

africa check , ARTIFICIAL INTELIGENCE , misinformation

Google offered a professor Ksh.6.5M but he turned it down. Here’s why

By CNN,

When Luke Stark, an assistant professor, sought money from Google in November he had no idea he'd be turning down $60,000 (Ksh.6,582,000) from the tec...

Actress Shailene Woodley arrested at North Dakota pipeline protest , Google , professor

Kenyans in rural areas face the highest cost of living

By Kepha Muiruri,

As the entire country feels the heat of a rising cost of living, sharper consumer prices have hit out at low-income earners and Kenyans in rural areas...

Cost Of Living , Inflation , Kenya National Bureau of Statics (KNBS)

Banks restructure payments on Ksh1.7 trillion customer loans as CBK relief window closes

By Kepha Muiruri,

Commercial banks had restructured an estimated Ksh.1.7 trillion in customer loans at the end of February 2021 representing 57 per cent of the sector's...

COVID-19 , Kenyan banks , loan restructures

Africa’s growth prospects bullish despite COVID-19 constraints and debt burden: report

By Citizen Reporter,

Despite the challenging backdrop of a global pandemic and external economic shocks, Africa is expected to recover from its worst recession in half a c...

AfDB , coronavirus

Parliament ratifies Kenya-UK trade pact

By Kepha Muiruri,

Members of Parliament ratified the Kenya-UK trade pact on Tuesday night, rubber stamping the trade agreement into law on the deadline-day. The adop...

brexit , Kenya-UK trade deal , Trade CS Betty Maina

Stanbic Bank Kenya extends relief for customer loan repayment

By Kepha Muiruri,

Kenyan banks have opted to extend relief on loan repayment terms to customers despite the end of the restructure window by the Central Bank of Kenya (...

Central Bank of Kenya (CBK) , COVID-19 , loan restructures

Swvl returns to full operations after COVID-19 disruptions

By Kepha Muiruri,

Shared rides startup company Swvl has announced the return to full scale operations after COVID-19 related disruptions scaled down its business last y...

COVID-19 , rides share , SWVL

Kenya’s credit rating downgraded on debt woes

By Kepha Muiruri,

Kenya has earned yet another ratings downgrade over its rising debt vulnerabilities with the Standards & Poor's (S&P) lowering the country’s...

credit rating , Kenya's debt distress , National Treasury , Standards and Poor's