Kenya Airways Records Historic Ksh 5.4 Billion Profit Amid Industry Recovery
Kenya Airways (KQ) has reported a remarkable turnaround, posting a historic Ksh 5.4 billion profit for the year 2023. This marks a significant milestone...
CBK Sounds Alarm Over Rising Loan Defaults, SACCO Strains
Kenya’s financial sector is staring at fresh turbulence, with the Central Bank of Kenya (CBK) warning of rising loan defaults among households and growing...
CAK penalises 9 steel manufacturers.
The Competition Authority of Kenya(CAK) has penalized nine companies for hiking the prices of steel products and affecting competition in the market.
“The Authority has...
Fuel subsidy is back.
The Kenya Kwanza government has retraced on its decision to scrap fuel subsidy as President William Ruto faces tough choices of sticking to his...
Kenyan shilling depreciates past 150 against the Dollar
Kenya’s official exchange rate for the shilling against the US dollar crossed the 150-unit threshold on Monday.
This shift comes after a prolonged period of...
Kenya’s Government Too Expensive to Sustain, Treasury CS John Mbadi Warns
National Treasury Cabinet Secretary John Mbadi has raised concerns over Kenya’s high cost of governance, warning that the country is running an unsustainable system.
Speaking...