HF half-year net profit hits Sh998m on lending

Nairobi, Aug. 27 -- HFCB Plc Group has reported a 59.9 percent increase in profit after tax for the half-year period ended June, driven by higher earnings from lending and other banking activities. T... Read More

UAE loses Sh61bn in Kenya exports after Iran war

Nairobi, Aug. 26 -- The United Arab Emirates (UAE) lost Sh62.7 billion worth of Kenya's import business in the first half of the year, as the Iran war disrupted Middle East fuel supply chains. The co... Read More

Ruto shifts development spending to voter-visible projects ahead of 2027 election

Nairobi, Aug. 26 -- President William Ruto's administration channelled 61 percent of the increase in national development spending into roads and housing last financial year, signalling a shift in gov... Read More

Blow to graduates as CEOs freeze hiring on jobs market pause

Nairobi, Aug. 25 -- More than three-quarters of Kenya's chief executive officers have signalled little appetite to expand full-time jobs in the coming months, dealing a fresh blow to thousands of jobl... Read More

Cost of running public offices up by a record Sh199bn

Nairobi, Aug. 23 -- The cost of running offices under the national government jumped by a record Sh199.2 billion in the financial year to June 30, pushing the operations bill above Sh1.3 trillion desp... Read More

Sugar retail prices rebound despite bumper output

Nairobi, Aug. 20 -- The average retail price of sugar in Kenya rose for a fourth consecutive month in July 2026, defying expectations of a drop because production of the commodity rose by more than a ... Read More

Land, house, shares deals hand Treasury Sh26.8bn

Nairobi, Aug. 19 -- Tax collections from sale of land, houses and shares in private companies climbed 28 percent to Sh26.8 billion in the financial year to June 2026, pointing to a rebound in asset tr... Read More

Treasury misses development spending limit for fourth year

Nairobi, Aug. 18 -- President William Ruto's government has failed to meet the legal threshold for development spending for the fourth consecutive year, highlighting persistent underinvestment in proj... Read More

Housing levy: What KRA can do to recover unpaid cash

Nairobi, Aug. 18 -- The Kenya Revenue Authority (KRA) is expected to start a crackdown on housing levy defaulters after the tax agency got legal powers to recover arrears and punish those in breach. ... Read More

Costly fuel pushes Kenya near record Sh1trn trade deficit

Nairobi, Aug. 17 -- Kenya's trade deficit in goods climbed towards a record Sh1 trillion mark in the first six months of 2026, after an increase in the cost fuel imports widened the gap between export... Read More

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