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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

Boost for local firms as Nairobi bourse joins UK flagship scheme

The Nairobi Securities Exchange (NSE) has announced a new partnership with the UK government's programme MOBILIST.

By Brian Ngugi 1 month ago

Boost for local firms as Nairobi bourse joins UK flagship scheme

Banks rush to comply with CBK rule on spying customer deals

Banks rush to comply with CBK rule on spying customer deals

By Brian Ngugi 1 month ago

Fresh test for Ruto as IMF urges new tax policies to unlock loans

Fresh test for Ruto as IMF urges new tax policies to unlock loans

By Brian Ngugi 2 months ago

Ruto faces fresh test as IMF calls for new tax policies to unlock loans

Ruto faces fresh test as IMF calls for new tax policies to unlock loans

By Brian Ngugi 2 months ago

Trial or error? Why Rutonomics falls short of Kenyans' expectations

Ruto's two-year stay at the 'House on the Hill' has been a mixed scorecard as his administration implements the Bottom Up Economic Agenda (BETA).

By Brian Ngugi and Macharia Kamau 2 months ago

Trial or error? Why Rutonomics falls short of Kenyans' expectations

State House spokesman says Ruto's Berlin visit eyes 250,000 new diaspora jobs

A key highlight of Ruto's visit will be the signing of the "Comprehensive Migration and Mobility Partnership" agreement.

By Brian Ngugi 2 months ago

State House spokesman says Ruto's Berlin visit eyes 250,000 new diaspora jobs

IMF acid test for Mbadi's plan to cut taxes in the next budget

Mbadi has proposed reducing VAT from 16% to 14% and corporation tax from 30% to 25% but experts say it will be a delicate balancing act in the face of IMF's prescribed path.

By Brian Ngugi 2 months ago

IMF acid test for Mbadi's plan to cut taxes in the next budget

122 benefit from AAR's free diabetes screening clinic

The screening included free consultations with diabetes specialists, blood pressure checks, blood sugar testing, foot evaluations, and hearing tests.

By Brian Ngugi 2 months ago

122 benefit from AAR's free diabetes screening clinic

Eyes on banks to cut loan rates as Equity leads the way

Pressure is mounting on commercial banks to reduce loan rates following a recent cut in the Central Bank Rate (CBR), Equity Bank among the first to respond.

By Brian Ngugi 2 months ago

Eyes on banks to cut loan rates as Equity leads the way

Banks with the priciest, cheapest loans revealed in analysis

CBK data reveals a competitive landscape among Tier-I banks, particularly regarding long-term loan offerings, with interest rates generally ranging between 13-18 per cent.

By Brian Ngugi 2 months ago

Banks with the priciest, cheapest loans revealed in analysis

Kenya to enact strict food safety laws amid growing concerns

The government has drafted the Food and Feed Safety Control Coordination Bill that seeks to create a clear framework for regulatory control.

By Brian Ngugi 2 months ago

Kenya to enact strict food safety laws amid growing concerns

Borrowers spoilt for choice as CBK report shows lending rates

Recent survey projected banks could increase lending activities due to higher liquidity.

By Brian Ngugi 2 months ago

Borrowers spoilt for choice as CBK report shows lending rates

Kenya risks American wrath if it blocks Musk's Starlink entry

Kenya risks incurring the wrath of the American government by attempting to block Elon Musk's Starlink satellite internet service from expanding in the Kenyan market.

By Brian Ngugi 2 months ago

Kenya risks American wrath if it blocks Musk's Starlink entry

Debt headache for Ruto amid credit downgrade

President William Ruto's administration is now facing a fresh headache in the form of higher borrowing costs after a third global rating agency downgraded Kenya's credit rating.

By Brian Ngugi 2 months ago

Debt headache for Ruto amid credit downgrade

NSE bond market crosses Sh1 trillion mark for first time

The NSE bond market has reached a milestone, crossing the Sh1 trillion mark in cumulative turnover for the first time in the history of the Exchange.

By Brian Ngugi 2 months ago

NSE bond market crosses Sh1 trillion mark for first time

NCBA proposes Sh2.25 dividend as profit hits Sh9.8b

NCBA Group posted a five per cent jump in profit after tax of Sh9.8 billion in the first half of the year on higher income.

By Brian Ngugi 2 months ago

NCBA proposes Sh2.25 dividend as profit hits Sh9.8b

KRA turns to AI to catch tax cheats

KRA plans to roll out a new Artificial Intelligence-powered system to seal loopholes in tax collection amid pressure to meet higher collection targets to plug an ever-widening budget deficit.

By Brian Ngugi 2 months ago

KRA turns to AI to catch tax cheats

CBK defends Sh15bn secret currency printing tender to German firm

The Central Bank has defended secretly awarding a Sh15 billion ($109.42 million) tender to a German company to print new currency notes, saying the process was above board.

By Brian Ngugi 3 months ago

CBK defends Sh15bn secret currency printing tender to German firm

Mounting Sacco woes turn spotlight on industry regulator

Recent controversies at Kenya Police Sacco and National Metropolitan Sacco highlight growing concerns about the future of key sector.

By Brian Ngugi 3 months ago

Mounting Sacco woes turn spotlight on industry regulator

Madison Investment partners with CISI to boost client services

Madison Investment Managers Limited has partnered with CISI to enhance the knowledge and skills of its staff in capital markets products and services.

By Brian Ngugi 3 months ago

Madison Investment partners with CISI to boost client services

Co-op Bank lauds Morgan Stanley listing as Profit hits Sh13bn

Co-op Bank has welcomed the listing of its stock by the New York-based Morgan Stanley index as it posted a 7 per cent jump in net earnings to Sh13 billion for the first six months of the year.

By Brian Ngugi 3 months ago

Co-op Bank lauds Morgan Stanley listing as Profit hits Sh13bn

Major boost for Nairobi bourse as listed firms join key global indices

Move is seen as a reflection of the success of the structural market reforms that have positively impacted Kenya's equity market.

By Brian Ngugi 3 months ago

Major boost for Nairobi bourse as listed firms join key global indices

Trouble rocks giant police Sacco amid governance concerns

The Kenya Police Sacco is facing growing discontent among its members, who are demanding the resignation of the organization's top officials over allegations of mismanagement.

By Brian Ngugi 3 months ago

Trouble rocks giant police Sacco amid governance concerns

How taxpayers lost billions in edible oils scandal

The report says the government spent Sh14.45 billion to import over 2.8 million 20-litre jerrycans of edible oils out of which only Sh12.05 billion was paid.

By Brian Ngugi 3 months ago

How taxpayers lost billions in edible oils scandal

Equity Bank expands insurance offerings as profit rises to Sh29b

The insurance subsidiary reported a 27 per cent rise in revenue to Sh1.03 billion, underscoring the bank's ambitions in the sector.

By Brian Ngugi 3 months ago

Equity Bank expands insurance offerings as profit rises to Sh29b

State tipped on tackling ticking Gen Z 'time bomb'

The government has been urged to urgently foster an enabling environment for digital innovation and entrepreneurship among the youth, popularly known as Gen Zs.

By Brian Ngugi 3 months ago

State tipped on tackling ticking Gen Z 'time bomb'

4,459 Kenyans seek greener pastures in US

The number of Kenyans migrating to the US under the green card initiative is set to rise this year amid a worsening economic crisis that has resulted in diminishing job opportunities.

By Brian Ngugi 3 months ago

4,459 Kenyans seek greener pastures in US

Kenya, US in rush to conclude free trade pact as Biden leaves

The two nations will conclude a seventh round of negotiations today as the two countries aim to fast-track the deal.

By Brian Ngugi 3 months ago

Kenya, US in rush to conclude free trade pact as Biden leaves

Banks to start spying on customer transactions after CBK directive

Guidelines requires banks to strengthen transaction monitoring and reporting processes with the official go-live date for the PoP code implementation yet to be communicated by the CBK.

By Brian Ngugi 3 months ago

Banks to start spying on customer transactions after CBK directive

CBK lowers key rate to spur credit uptake as banks freeze loans

CBK has lowered its key interest rate to 12.75% from 13% in a bid to spur credit uptake, as banks have been freezing loans amid a deteriorating economic environment.

By Brian Ngugi 3 months ago

CBK lowers key rate to spur credit uptake as banks freeze loans

IMF roots for private sector-led initiatives in Kenya's recovery

The International Monetary Fund (IMF) wants countries like Kenya to introduce infrastructure incentives to encourage private-sector participation and investment.

By Brian Ngugi 3 months ago

IMF roots for private sector-led initiatives in Kenya's recovery

State House ignores Ruto's cutbacks, pursues lavish provisions

State House has advertised for the supply of cut flowers and flower arrangements in what is seen as defiance of President William Ruto's order for austerity measures.

By Brian Ngugi 3 months ago

State House ignores Ruto's cutbacks, pursues lavish provisions

EAC Central Bank bosses push for fair intra-Africa trade, global financial systems

East African Central Bank Governors are set to converge in Abuja, Nigeria this week, with the push for deeper intra-African trade and change in the global financial architecture.

By Brian Ngugi 3 months ago

EAC Central Bank bosses push for fair intra-Africa trade, global financial systems

Ruto backs Islamic finance as Sh3b Shariah bond listed at NSE

Liaison Group launches Linzi Sukuk as Kenya positions itself as regional Islamic finance hub.

By Brian Ngugi 3 months ago

Ruto backs Islamic finance as Sh3b Shariah bond listed at NSE

EABL full-year profit drops by Sh1b as struggling Kenyans drink less

The ongoing cost of living crisis in the country is affecting how Kenyans partake in their beloved Kenyan staple that has long been considered immune to recession -beer.

By Brian Ngugi 3 months ago

EABL full-year profit drops by Sh1b as struggling Kenyans drink less

Debt dilemma: Can John Mbadi cure Kenya's addiction to borrowing?

The Treasury CS nominee has been vocal in opposing tax hikes and now bridging the Sh346 billion budget gap is one of the major challenges awaiting him.

By Brian Ngugi 3 months ago

Debt dilemma: Can John Mbadi cure Kenya's addiction to borrowing?

Centum proposes Sh210 million dividend payout after recording Sh2.5bn net profit

The company's investment portfolio increased by Sh6.1 billion to Sh66.5 billion, in line with Centum's business model of identifying compelling investment opportunities.

By Brian Ngugi 3 months ago

Centum proposes Sh210 million dividend payout after recording Sh2.5bn net profit

Majority of Kenyans opposed to new fuel taxes and housing levy

Six out of 10 of the respondents in the University of Nairobi poll say the country is heading in the wrong direction.

By Brian Ngugi 3 months ago

Majority of Kenyans opposed to new fuel taxes and housing levy

Fears Marsabit dam project could become a white elephant

15 years after Marsabit Senator Mohamed Chute's firm was awarded tender in 2009, the dam is yet to be completed.

By Brian Ngugi 3 months ago

Fears Marsabit dam project could become a white elephant

IMF now calls for public buy-in on controversial Kenya programmes

The implementation of the Finance Bill was part of the IMF-supported programme aimed at expanding Kenya's tax net and increasing revenues to reduce Kenya's debt vulnerabilities.

By Brian Ngugi 4 months ago

IMF now calls for public buy-in on controversial Kenya programmes

US lobby opposes Kenya's plan to supervise technology firms

The lobby says the proposal could have negative consequences on the country's growing digital economy. CAK currently reviewing public comments on the draft bill.

By Brian Ngugi 4 months ago

US lobby opposes Kenya's plan to supervise technology firms

CBK's taste for fine whisky flies in face of austerity talk

The bank has issued a wines and spirits tender for its Kenya School of Monetary Studies. Questions abound over the necessity of lavish purchases in the current economic climate.

By Brian Ngugi 4 months ago

CBK's taste for fine whisky flies in face of austerity talk

Auditor General raises red flag over missing billions at KRA

The latest audit of the taxman's books of account reveals glaring discrepancies in collections and outstanding refund claims with an under-declaration of revenues amounting to Sh490 billion.

By Brian Ngugi 4 months ago

Auditor General raises red flag over missing billions at KRA

Bank customers prioritise experience over cost: KPMG survey

A customer experience survey across Kenya's banking sector has found that customers prioritize excellent service over cost considerations when selecting their preferred banking channels.

By Brian Ngugi 4 months ago

Bank customers prioritise experience over cost: KPMG survey

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