Search
Wednesday 24 July 2019
  • :
  • :

Category: Business

Fuel levy in power bills hits 5-year high.

The fuel cost levy in May electricity bills has jumped by the biggest margin in five years on reduced use of cheaper hydro-power following...

MPs warn farmers: Release maize or it will be imported.

The government will be forced to import maize if farmers continue to hoard their produce and demand high prices, the National Assembly...

Local banks take Sh8 billion hit in KQ shares.

Ten local banks including Equity  , KCB   and CBA have suffered a combined paper loss of Sh8.6 billion on their Kenya...

Equity to switch Sh150bn State bonds for SME loans.

Equity Bank   has lined up Sh150 billion for lending to small businesses in a sharp policy shift that will see the lender offload...

Private firm to fund Sh21bn old rail link to SGR.

Private contractors will finance the upgrade of the old metre gauge railway (MGR) between Naivasha and the Malaba border and also build a...

KDF takes over Sh2.8bn Uchumi Kasarani land.

Troubled retail chain Uchumi Supermarkets is locked in a land ownership dispute with the Kenya Defence Forces (KDF), which has laid claim...

Shelter Afrique injects Sh200m into Kenya Mortgage Refinance Corporation.

Efforts to provide affordable housing received a shot in the arm after Nairobi-based Pan-African financier Shelter Afrique injected Sh200...

Grim outlook as industries freeze hiring, signal layoffs.

Majority of Kenyan factories have frozen fresh recruitment amid uncertainty in regulatory and trade environments, an industry survey...

Continental free trade pact comes into effect June.

The continental free trade area will come into effect at the end of this month after two more countries ratified the agreement. The...

Pressure on taxpayers as SGR loan falls due.

Kenya is gearing up for bigger loan repayments to China as a five-year grace period that Beijing extended to Nairobi for the standard gauge...