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Treasury cuts net external borrowing by Sh61.6bn

Nairobi, April 20 -- The Treasury has cut the net amount it expects to borrow from external lenders in the current financial year by Sh61.6 billion to Sh225.8 billion, reflecting delays in accessing l... Read More


Nova Pioneer sacks dean of students over falsified fire drill records

Nairobi, April 20 -- A top official at a private school owned by Nova Pioneer Kenya Limited has lost her job after a court upheld her dismissal for falsified fire drill records, highlighting the oblig... Read More


CIC stake in Takaful Insurance falls to 7pc after Djibouti firm deal

Nairobi, April 20 -- CIC Insurance's stake in Takaful Insurance of Africa has dropped to 7.4 percent. This is after a Djibouti-based firm, Tamini Insurance SA, acquired a 65 percent holding in Takaful... Read More


World Bank, IMF painful terms back with Iran war

Nairobi, April 19 -- The fallout from the US-Israel war on Iran has forced Kenya to revive its dalliance with the World Bank and the International Monetary Fund (IMF), setting taxpayers up for pain as... Read More


Mohamed Jaffer: The reclusive Mombasa tycoon cast into the limelight by the fuel

Nairobi, April 19 -- Old money is silent-perhaps as silent as the billions quietly minted by reclusive tycoon Mohamed Jaffer, who for decades has dictated the wheat and other imported cereals that end... Read More


Kenya eyes Sh64.5bn debut green bond to plug funding deficit

Nairobi, April 19 -- Kenya will issue its debut $500 million (Sh64.5 billion) green sovereign bond before the close of the current financial year in June with the help of the World Bank. The Central ... Read More


Is securities lending and borrowing the next growth frontier?

Nairobi, April 19 -- During a recent chat with a friend, we somehow drifted into a discussion about some of the complex terms and capital market products. Something interesting that caught my attentio... Read More


Kenya Ports gives trace of bad Sh12 billion fuel import

Nairobi, April 19 -- The Kenya Ports Authority (KPA) has provided the shipping schedule and location of the contested Sh11 billion fuel import amid fears that part of the emergency cargo had been cons... Read More


Why East African firms must rethink operations in AI race

Nairobi, April 19 -- In the bustling heart of Nairobi, a quiet shift is happening that will determine the winners and losers of the next decade. For years, the conversation around digital transformat... Read More


Contractor's relief in row over damaged fiber optic cables

Nairobi, April 19 -- The High Court has rejected compensation claims against a State-owned Chinese firm, Sinohydro Construction Limited which accused of damaging underground telecommunications cables ... Read More