Kenya is using Ksh.2.6 billion daily to pay debt, the same amount it borrows

By Kepha Muiruri,

Kenya is now using Ksh.2.6 billion daily to pay off its outstanding debt according to a new analysis of government spending by Citizen Digital. Thi...

Kenya's debt distress , National Treasury , taxes

U.S. imposes wide array of sanctions on Russia for ‘malign’ actions

By Reuters,

The United States on Thursday imposed a broad array of sanctions on Russia, including curbs to its sovereign debt market, to punish it for interfering...

President Joe Biden , President Vladimir Putin , sanctions , U.S Election

How Bitcoin gained its glory

By Agencies,

The famous cryptocurrency has crossed this primary psychological milestone, with a price of $51,202. Mastercard and BNY Mellon, two financial technolo...

Gov’t extends nationwide curfew, ban on public gatherings until May 29

By Ian Omondi,

The government on Wednesday stated that the 10pm-4am nationwide curfew will run until May 29, 2021. Interior Cabinet Secretary Dr. Fred Matiang’i...

CS Fred Matiang’i , curfew

Biden set to withdraw U.S. troops from Afghanistan

By Reuters,

President Joe Biden plans to withdraw the remaining 2,500 U.S. troops from Afghanistan by Sept. 11, 2021, 20 years to the day after the al Qaeda attac...

Afghanistan , AL QAEDA , President Joe Biden , U.S. troops

Love gone sour? Nairobi MCAs turn the heat on NMS boss Badi

By Edwin Obuya,

The love relationship between the Nairobi Metropolitan Services and members of the county assembly appears to be coming to an end after minority MCAs ...

badi , Nairobi regeneration project , NMS

State mulls expanding mandatory insurance in Ksh.1.1 billion industry revamp plan

By Kepha Muiruri,

Kenyans could be forced to meet new compulsory insurance costs as the government moves to strengthen the local underwriting sector. The new proposa...

Insurance Regulatory Authority (IRA) , National Insurance Policy , National Treasury

To what extent Kenya is adopting cryptocurrencies

By Agencies,

Kenya is one of the prominent countries on the African continent, and the people of Kenya are getting more aware of the opportunities that might chang...

Lives and Livelihoods Fund deliver sanitation trucks to tackle rapid urban growth challenges in Guinea

By Agencies,

The Government of Guinea and the Lives and Livelihoods Fund (LLF) provided 56 sanitation trucks to the National Agency for Public Hygiene and Sanitati...

Telkom Kenya loses two top executives

By Kepha Muiruri,

Kris Senanu and Steve Okeyo have left Telkom Kenya ending their respective stints as part of the top executive team at the telco operator. Senanu h...

Kris Senanu , Steve Okeyo , Telkom

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...

Kirinyaga County to spend Ksh.58 million to boost dairy farming

By Citizen Reporter,

Kirinyaga County Government will spend Ksh.58.5 million to support dairy farmers in the county during the current financial year. The support will ...

Kirinyaga County.

Charges resume for transactions above Ksh.100 via mobile money wallets: CBK

By Citizen Reporter,

The Central Bank of Kenya (CBK) has announced the resumption of charges for transactions above Ksh.100 effected through bank specific (in-house) mobil...

CBK , mobile money wallets , saccos

Uhuru assents to Supplementary Appropriation Bill, 2021, budget pushes up borrowing by Ksh.125.7B

By PSCU,

President Uhuru Kenyatta assented to the Supplementary Appropriation Bill, 2021 on Tuesday evening at State House, Nairobi. The Supplementary Appropr...

debt , Supplementary Appropriation Bill

Lockdown round 2: Now what for employees and business owners?

By Guest Writer,

On Friday 26 th March 2021, President Kenyatta announced the cessation of movement by air, road and rail movement in and out of Nairobi, Kajiado, Mach...

coronavirus

Contraceptive use increased in Kenya during COVID-19 pandemic period, survey reveals

By Agencies,

The use of modern methods of contraceptives increased from 56 to 61 per cent in 2020, an uptake that may have contributed to the decline in unintended...

contraceptives

Sidian Bank announces its 2020 annual financial results

By Citizen Reporter,

Sidian Bank, a mid-tier bank focusing on SMEs, published its 2020 financial performance for the year ended December 31, 2020, indicating a strong perf...

Sidian Bank

How cryptocurrency is going big in Africa

By Agencies,

It's no surprise to know that the US and Russia are the two leading countries in the world of cryptocurrencies but who settled on the third? It’s Af...

bitcoin , cryptocurrency

Equity Group Holdings plans Trans-Africa expansion with Ksh.11B loan

By Citizen Reporter,

Equity Group Holdings (EGH) has signed a USD $100 million loan (Ksh 11 Billion) facility to support its expansion across Eastern and Central Africa, e...

AfDB , equity bank

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