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Unit trust investors cross 4m as assets jump to Sh949bn

Nairobi, Sept. 7 -- The number of investors in unit trusts has risen to 4.15 million from 2.45 million a year ago as more Kenyans opt for passive high-return income instead of investing in startups in... Read More


Rules shake-up as investors abandon Sh30bn dividends

Nairobi, Sept. 7 -- The Unclaimed Financial Assets Authority (UFAA) has lined up a raft of policy changes, including a reduction of penalties and the extension of the dormancy period, in a bid to unlo... Read More


Consumption of jet fuel dips for the first time in six years

Nairobi, Sept. 7 -- Jet fuel consumption dropped for the first time in six years, bucking a trend of growth among the other types of petroleum products despite record-high prices. An analysis of data... Read More


Mworia leaves Centum after 18 years, takes up new public job

Nairobi, Sept. 7 -- James Mworia has been named founding CEO of the National Infrastructure Fund (NIF), marking his exit from Centum Investment Company after nearly 18 years. Mr Mworia's departure fr... Read More


Why homeowner swapped Pemba grass for a Sh1m artificial lawn

Nairobi, Sept. 7 -- It cost Nevy Jackson nearly Sh1 million to replace his lawn with artificial turf. After years of watering, weeding, trimming and top-dressing his Pemba grass, the landscaper decide... Read More


StanChart eyes Nakumatt income over Sh1.9bn debt

Nairobi, Sept. 7 -- Standard Chartered Bank Kenya has moved to take control of rental income from four properties linked to collapsed retailer Nakumatt Holdings as it intensifies efforts to recover mo... Read More


Global logistics giant DP World caught in name war in Kenya

Nairobi, Sept. 7 -- Ports and logistics firm DP World is embroiled in a corporate name fight in Kenya, with the Business Registration Service (BRS) now asking the Dubai-based giant to drop it or risk ... Read More


Entry of battery-swap company brings more EV makers to Kenya

Nairobi, Sept. 7 -- At least 10 electric vehicle manufacturers, mostly from India and China, are seeking to enter Kenya after their common battery-swap provider launched its network in the country, po... Read More


Watchdog faults CBK for 'secret' requirement in Sh1 billion tender

Nairobi, Sept. 7 -- The Central Bank of Kenya (CBK) has been faulted for using an undisclosed equipment requirement to disqualify bidders from a Sh1 billion Kisumu branch upgrade tender. The Public P... Read More


Why global cooperation is crucial for regulation of Kenya's virtual assets

Nairobi, Sept. 7 -- Virtual assets, including cryptocurrencies such as Bitcoin, stablecoins and Non-Fungible Tokens (NFTs), are digital representations of value that can be traded, transferred or used... Read More