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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

Kenya pulls plug on Sh301b IMF deal amid hunt for new bailout

The Kenya Kwanza administration has abruptly terminated its existing Sh301 billion IMF programme, a move that offers temporary relief from immediate tax increases.

Kenya pulls plug on Sh301b IMF deal amid hunt for new bailout

Boost for Saccos as cabinet gives nod to inter-lending facility

Boost for Saccos as cabinet gives nod to inter-lending facility

Vivo Energy partners with RentWorks East Africa for fleet expansion

Vivo Energy partners with RentWorks East Africa for fleet expansion

KCB investors set for bumper Sh9.6b dividend as profit surges

KCB investors set for bumper Sh9.6b dividend as profit surges

Beijing officials offer support to enhance Nairobi's livability

Nairobi, with a daytime population of seven million, grapples with significant urbanization issues, including inadequate wastewater systems, chronic traffic jams, and water rationing.

Beijing officials offer support to enhance Nairobi's livability

No stopping debt binge as State borrows Sh440b in 7 months

This means Kenya’s guaranteed debt rose to Sh11.02 trillion as of January this year. It now represents 65.7% of GDP, well above the targeted threshold of 55 per cent of GDP by 2028.

No stopping debt binge as State borrows Sh440b in 7 months

Kingdom Bank, Canon Group unveil 'Faidi Dada' motor cover for women

The Faidi Dada Motor Cover enhances existing services for over 6,000 women by providing comprehensive protection for both personal and commercial vehicles.

Kingdom Bank, Canon Group unveil 'Faidi Dada' motor cover for women

Awareness of erectile dysfunction sees surge in number of men seeking treatment

An increase in awareness has led to a surge in consultations for sexual health among Kenyan men aged 40 to 69, according to a recent analysis by AAR Hospital.

Awareness of erectile dysfunction sees surge in number of men seeking treatment

'You will never walk alone', China assures Kenya, Africa

Chinese Foreign Minister Wang Yi said China and Africa have always been good friends, good partners and good brothers with a shared future.

'You will never walk alone', China assures Kenya, Africa

China pledges to expand Kenya's SGR to Malaba

Currently, the Sh327 billion Chinese-funded and built railway ends in Naivasha, a situation that has frustrated traders who argue that its last mile gap hampers smooth cargo movement.

China pledges to expand Kenya's SGR to Malaba

Kenyan investors urged to tap into China's tech and industrial expertise

The city’s success in integrating advanced technology into its industries makes it an ideal partner for African nations looking to modernize their economies and infrastructure.

Kenyan investors urged to tap into China's tech and industrial expertise

Return of the red dragon: Kenya forced to face East amid looming Western aid cuts

As the United States, Germany, the UK and the rest of Europe signal a pullback in foreign aid, Kenya is increasingly looking to China for support.

Return of the red dragon: Kenya forced to face East amid looming Western aid cuts

Kenyan journalist among 50 attending four-month Media Exchange Programme in China

The four-and-a-half-month program aims to provide a comprehensive view of China's socio-economic landscape with journalists from more than 100 countries.

Kenyan journalist among 50 attending four-month Media Exchange Programme in China

AAR Hospital expands pediatric and specialised services to cater for rising demand

AAR Hospital has unveiled a new pediatric wing and specialised clinics as part of a strategic expansion to meet the growing demand for affordable, high-quality healthcare.

AAR Hospital expands pediatric and specialised services to cater for rising demand

Troubled Uchumi's creditors to know fate of their billions

Creditors of troubled Uchumi Supermarket are set to learn the fate of their billions in a virtual meeting scheduled for March 17, 2025.

Troubled Uchumi's creditors to know fate of their billions

Appetite for Kenya's 'green gold' spawns new crop of millionaires

Farmers are increasingly abandoning traditional cash crops like tea and coffee, which have long been the backbone of Kenya’s agricultural exports, in favour of avocados.

Appetite for Kenya's 'green gold' spawns new crop of millionaires

UNGA President Yang backs Equity's plan to boost youth innovation

The President of the United Nations General Assembly (UNGA), Philemon Yang, has backed Equity Group's efforts to enhance youth innovation, digital technology and sustainable development.

UNGA President Yang backs Equity's plan to boost youth innovation

Mission 300: AfDB's ambitious project to boost access to reliable energy

A bold new initiative aims to halve the number of people without access to electricity in Africa by 2030. Approximately 600 million people currently lack this basic necessity.

Mission 300: AfDB's ambitious project to boost access to reliable energy

Broke? cash circulation drops by Sh10b

New Treasury data reveals an ailing economy, with the money circulating within and outside the banking system falling to Sh5.48 trillion in the year to December.

Broke? cash circulation drops by Sh10b

CEOs reveal the cure for Kenya's ailing economy in new survey

Declining interest rates have raised hopes for improved access to credit, though challenges in securing affordable financing persist.

CEOs reveal the cure for Kenya's ailing economy in new survey

Premier Bank partners with Zakat Kenya to feed 5,000 families during Ramadan

Premier Bank Kenya and Zakat Kenya hosted their second annual Premier Bank Iftar Fun Walk, on Sunday aiming to provide essential support to 5,000 vulnerable families.

Premier Bank partners with Zakat Kenya to feed 5,000 families during Ramadan

Africa seeking health, environment transformation with clean cooking solutions

Africa is turning a new page in its fight against one of its most persistent public health and environmental crises: the deadly toll of traditional cooking methods.

Africa seeking health, environment transformation with clean cooking solutions

Love in a time of hardship: How Kenyans have planned their Valentine's Day

This Valentine’s Day promises to be unique, influenced by a month of soaring food inflation that has driven up prices of everything from flowers to chocolates and dining out.

Love in a time of hardship: How Kenyans have planned their Valentine's Day

Kenyan tech agency eyes Nigeria's market in expansion plan

The firm said in a joint statement that the collaboration will programmatically integrate radio and television advertising through Suss Ads’ Media Integrated Advertising Platform.

Kenyan tech agency eyes Nigeria's market in expansion plan

Equity Bank cuts loan interest rates by largest margin

Equity Bank, the largest lender in Kenya by customer numbers, has announced a substantial reduction in interest rates, becoming the third major bank to do so this week.

Equity Bank cuts loan interest rates by largest margin

Survey: Poor service, high fees drive customers to change banks

Poor customer service, high fees, and inconvenient digital banking platforms are the top reasons Kenyans are switching banks, according to the 2024 Banking Customer Satisfaction Survey.

Survey: Poor service, high fees drive customers to change banks

NCBA cuts loan rates

NCBA Bank has bowed to pressure from CBK becoming the latest lender to slash its loan rates following the regulator’s aggressive push to lower borrowing costs.

NCBA cuts loan rates

Relief for borrowers as KCB lowers its loan rates

KCB Group has lowered its base lending rate from 15.6 per cent to 14.6 per cent per annum for new loans. It joins Coo-op Bank, which lowered its loan rate from 16.5 per cent to 14.5 per cent.

Relief for borrowers as KCB lowers its loan rates

KRA tightens noose on graft, sends 19 employees home

KRA has intensified crackdown on corruption, dismissing 19 employees in the second quarter of the 2024/2025 financial year.

KRA tightens noose on graft, sends 19 employees home

Centum Re signs deal to increase solar power output at Two Rivers

The agreement, announced on Wednesday will make the Two Rivers Power Company the largest rooftop solar power installation for residential and commercial use in East Africa.

Centum Re signs deal to increase solar power output at Two Rivers

Saccos embrace technology to stay competitive

Kenyan savings and credit cooperatives (Saccos) are increasingly embracing technology to enhance efficiency and remain competitive in a rapidly evolving financial landscape.

Saccos embrace technology to stay competitive

Kenya joins new payment system in bid to end dollar dominance

The new system aims to facilitate instant payments, removing the necessity for traders in Kenya and neighbouring countries to convert local currencies into hard currencies.

Kenya joins new payment system in bid to end dollar dominance

Co-op Bank cuts lending rate as pressure mounts on rivals to follow

Co-op bank announced a substantial two per cent cut in its base lending rate from 16.5 per cent to 14.5 per cent per annum, effective immediately.

Co-op Bank cuts lending rate as pressure mounts on rivals to follow

Kenya eyes new IMF programme as current one nears end

The government will likely be required to enhance tax collection and combat graft as part of its fiscal consolidation.

Kenya eyes new IMF programme as current one nears end

CBK to penalise banks keeping loan costs high as key rate falls

CBK has launched a crackdown on commercial banks failing to pass on the benefits of lower borrowing costs to their customers.

CBK to penalise banks keeping loan costs high as key rate falls

US firm gets Sh452b Mombasa-Nairobi expressway plan rolling

Plans for the “Usahihi” Expressway project, a 440-kilometre four-lane dual carriageway linking Nairobi and Mombasa, are taking shape.

US firm gets Sh452b Mombasa-Nairobi expressway plan rolling

Kisumu's Sh120 billion waterfront residential project breaks ground

Construction has commenced on Phase 1 of Lake Victoria Marina, an ambitious Sh120 billion mixed-use development in Kisumu backed by former Prime Minister Raila Odinga.

Kisumu's Sh120 billion waterfront residential project breaks ground

Kenyan businesses brace for impact of escalating DRC conflict

A palpable wave of anxiety is sweeping through Kenyan business circles as the conflict in the DRC - billed as the region’s last and most lucrative investment frontier - escalates.

Kenyan businesses brace for impact of escalating DRC conflict

ATIDI roots for uptake of development insurance to catalyse mega projects

Development insurance plays a vital role in mitigating political, currency, and credit risks, thereby encouraging investors to engage in crucial infrastructure projects.

ATIDI roots for uptake of development insurance to catalyse mega projects

Packaging firm Shri Krishana Overseas eyes NSE listing

Shri Krishana Overseas Limited (SKL), a Kenyan packaging solutions provider has announced plans to list on the Nairobi Securities Exchange (NSE).

Packaging firm Shri Krishana Overseas eyes NSE listing

How Kenya Power lit up Kenyans to Sh9.97 billion net profit

Kenya Power has recorded a Sh9.97 billion profit after tax for the half year ended December 31, 2024, a significant turnaround for the once loss-making power utility.

How Kenya Power lit up Kenyans to Sh9.97 billion net profit

Kenyan Fintech joins UN global compact

Mobile lending firm Tala has become the first Kenyan financial technology company to join the UN Global Compact, a global initiative promoting ethical business practices.

Kenyan Fintech joins UN global compact

Tala to expand lending to unbanked groups

Mobile lender Tala plans to increase credit access to financially excluded groups in the country, including women and small businesses.

Tala to expand lending to unbanked groups

KRA needs to collect Sh8b daily to hit Sh2.6tr June target

KRA has announced a revenue collection of Sh1.243 trillion as of December 31, 2024, a modest growth of 4.5 per cent over the previous year.

KRA needs to collect Sh8b daily to hit Sh2.6tr June target

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