Uchumi Supermarkets’ restructuring efforts have begun paying off as the retailer cut its full year 2016 full year loss. In the period ended June ...
New car sales dropped 30.6 percent in 2016, highlighting a turbulent year for auto dealers. Data from the Kenya Motor Industry Association shows th...
The Central Bank of Kenya’s monetary policy committee (MPC) has retained the benchmark lending rate at 10 percent. In making its decision, the co...
The government has released Sh7.1 billion to the Kenya Revenue Authority (KRA) to clear outstanding tax refunds. The move will offer relief to firm...
The Agriculture and Food Authority (AFA) has dismissed claims of a sugar shortage in the country. The authority’s sugar directorate has termed th...
The Co-op Bank has become the first lender to lower interest rates in line with the new law capping interest rates. The bank has lowered interest r...
The government has paid 663.3 million shillings to acquire a 40 percent of currency printing firm De la Rue. This marks the end of an eight year pr...
The Kenya Publishers Association wants the Government to amend the Finance Bill 2016 to have books included in the list of zero-rated items in order t...
Safaricom shareholders will have more to smile about after the listed teleco announced a special dividend of Sh0.68 cents per share. This will see the...
Global leaders attending the 14th session of the United Nations Conference on trade and development have been argued to lower the gap of Global econom...
National carrier Kenya airways (KQ) has sent home close to 80 employees in the first phase of its staff rationalization program. The airline in Mar...
Efforts to repay Imperial Bank depositors were dealt a further blow after the High Court postpone ruling on the suspension of payments. The court w...
Billionaire investor Peter Munga has announced that he will sell the 23.3 percent stake he is acquiring in financial services firm Britam Holdings wit...
National carrier Kenya Airways (KQ) has appointed Jan de Vegt as the new chief operating officer, signaling the sweeping management changes expected a...
The Kenya Electricity Generation Company, KenGen, has raised Sh26.4 billion from selling new shares to existing shareholders. The power producer ho...
The Kenya Pipeline Company (KPC) is seeking a transaction advisor to evaluate renovation costs for the oil refinery. The state corporation took man...
The Kenya Railways Corporation is set to single source a consultant to oversee the construction of the Nairobi-Naivasha standard gauge railway line. ...
Central bank governors from across the globe are keeping a close eye on market developments following the Great Britain’s vote to leave the European...
The Central Bank of Kenya (CBK) has reaffirmed its commitment to support the shillings following Great Britain’s vote to leave the European Union. ...
The High Court has blocked a move by the Central Bank of Kenya (CBK) to transfer assets and liabilities of Imperial Bank to NIC Bank. This follows ...