The Kenyan shilling has remained in a free fall as it crosses a new confidence marker to trade past Ksh.111 mark against the US dollar. The local u...
Foreign investors in the Nairobi Securities Exchange (NSE) turned net sellers in October ending a two-month cooldown which saw the investors buy into ...
Financial constrains arising from the COVID-19 pandemic have now overtaken health as the greatest concern among Kenyans, a new survey shows. Accord...
Publicly listed banks non-performing loans cover hit 58.5 per cent in 2019 as the 24 months window to the implementation on new financial reporting ru...
The majority of Kenyan businesses in the country have tabulated losses from the ongoing coronavirus outbreak at less than Ksh.1 million. This indic...
Kenyan firms have lost a combined Ksh.5.5 billion from economic crimes including procurement fraud as well as bribery and corruption over the last 24 ...
Kenyans returned Ksh.209.7 billion worth of notes in the recently completed demonetization cycle. According to the Central Bank of Kenya (CBK), the...
The Capital Markets Authority (CMA) has recovered Ksh.725.8 million from illicit capital markets dealings in the year to date, with the lump of the su...
Commercial banks have welcomed the ongoing conversation to review the law governing Credit Referencing Bureaus (CRBs), highlighting on gross inconsist...
UAP Holdings has began cutting off high risk accounts from its business portfolio, after the cost of compensation weighed hard on the group’s profit...
KCB Group expects to finalize a takeover of smaller rival Imperial Bank by the end of September, Kenya’s biggest bank by assets said on Thursday aft...
The Kenya Revenue Authority (KRA) has warned business owners and operators against presenting fraudulent invoices as part of their income tax reportin...
Uber Technologies Inc has agreed to pay $10 million to settle a class-action lawsuit brought by two female engineers who accused the ride-services com...
Middle level managers have been cited as the biggest perpetrators of fraud and economic crime in the private sector. In a report released Tuesday, ...
Up to 6,000 jobs will be axed in a major restructuring at National Australia Bank, the lender said Thursday after posting Aus$5.28 billion (US$4.1 bil...
Players in Kenya’s flower industry are looking to uncharted markets in Asia specifically China in a move to diversify export markets. According t...
The National Treasury has begun the search for director general to head the financial reporting center five years after it was established. The mov...
Several British banks allegedly processed nearly $740 million in a multi-billion dollar Russian money-laundering scam, The Guardian newspaper reported...
President Uhuru Kenyatta today signed into law the Proceeds of Crime and Anti-Money Laundering (Amendment) Bill 2017, a tough legislation aimed at com...
Rihanna-designed shoes and French football stars helped boost German sports brand Puma's results in 2016, the firm said Thursday, reporting a leap in ...