Nairobi, July 14 -- Gamblers placed bets worth a record Sh330.5 billion in the year to June as the State eased punitive taxes on the sector, which outpaced new investments at the Nairobi Securities Ex... Read More
Nairobi, July 13 -- Kenya's request for an estimated Sh77.5billion ($600million) emergency loan from the World Bank has been delayed due to the lack of detailed spending plans, the multilateral lender... Read More
Nairobi, July 12 -- A standoff over a Sh299 billion service fee over 13 years prompted the Ruto administration to cancel a deal with a consortium of French contractors for the construction of the Riro... Read More
Nairobi, July 9 -- The World Bank Group deems gains arising from creation of Kenya's National Infrastructure Fund (NIF) short-term, stressing the need for deeper reforms to achieve a lower budget defi... Read More
Nairobi, July 9 -- Kenya is aiming to raise Sh129.2 billion ($1 billion) from the issuance of sustainability-linked instruments, including loans and bonds, over the next two years as the country pushe... Read More
Nairobi, July 8 -- Pension schemes minted a record Sh16.6 billion in gains from disposal of government bonds and listed stocks in 2025, cashing in on the higher prices of the assets. The gains are th... Read More
Nairobi, July 6 -- Local pension funds have participated in Kuramo Capital Management's latest Sh64.5 billion ($500 million) fundraiser, underlining the private equity firm's diversification of source... Read More
Nairobi, July 6 -- The Capital Markets Authority (CMA) has warned managers of the fast-growing special funds against unethical marketing, including advertising of high returns but failing to provide s... Read More
Nairobi, July 5 -- When the Business Daily exclusively broke the news of Abdi Mohamed's departure from his post as chief executive officer (CEO) of Absa Bank Kenya, the reaction from the financial and... Read More
Nairobi, July 5 -- When the Business Daily exclusively broke the news of Abdi Mohamed's departure from his post as chief executive officer (CEO) of Absa Bank Kenya, the reaction from the financial and... Read More