Primark CEO Steps Down Following Internal Investigation
Primark has announced a sudden change in leadership with the resignation of its long-standing chief executive, Paul Marchant. After 16 years at the helm...
Family Bank Reports 38% Profit Growth in 2024
Family Bank Group reported strong financial results for 2024, demonstrating steady growth and resilience. The bank’s after-tax profit rose by 38% to Ksh.3.4 billion,...
Kenya’s Electricity Imports Surge by 79.4% to 751.95 GWh Amid Regional Energy Integration
Kenya’s push for regional energy integration has gained momentum, with electricity imports rising by 79.4 percent in the six months leading to December 2024,...
Tanzania Imposes New Trade Barriers on Kenyan Products, Hurting Export Earnings
Tanzania has recently imposed new protectionist levies on various Kenyan products, including eggs, dairy items, meat products, and confectioneries like biscuits. These measures contravene...
Government Suspends Salary Increments for Civil Servants Due to Harsh Economy
The Kenyan government has suspended planned salary increments for civil servants, citing tough economic conditions that have affected the country’s financial stability. The Public...
Kenya Opens 10 Oil and Gas Blocks for Investment to Boost Petroleum Sector
The Kenyan government has announced plans to open 10 oil and gas exploration blocks to investors, with the licensing round scheduled to commence in...