BUSINESS NEWS
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Less than 1% of Kenyan bank accounts held more than 500,000 Kenyan shillings last year.
This indicates a lack of savings culture and increasing income inequality in the country. According to Central Bank of Kenya (CBK) data, approximately 800,000 high-value depositors, representing just 0.74 per…
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The Kenyan shilling has demonstrated remarkable resilience against the US dollar, largely due to the strategic interventions of the Central Bank of Kenya (CBK).
Despite the dollar reaching a two-month high earlier in the week, the shilling managed to hold its ground, closing at Sh129.20 against the…
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JPMorgan Chase, America's largest bank, has made progress in its African expansion strategy by securing approval to establish a representative office in Nairobi, Kenya.
This move signals increased international interest and investment in Kenya's financial sector. However, the bank's approach in…
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Kenya Electricity Generating Company (KenGen) has unveiled an ambitious 10-year strategy aimed at propelling the nation towards a sustainable, green energy future.
The G2G plan, spanning from 2024 to 2034, focuses on expanding investments in geothermal, wind, and solar power while enhancing…
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The International Monetary Fund (IMF) is set to review Kenya's performance under their current loan program on October 30.
Kenya awaits the IMF decision on a $600 million disbursement, part of a larger $3.9 billion loan program agreed upon in 2021. This seventh review comes at a time when Kenya…
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The High Court Judge Bahati Mwamuye was on Thursday forced to postpone the virtual proceedings in a case challenging the JKIA takeover by the Indian company Adani Group.
The adjournment came after disruptive protesters interrupted the session, chanting slogans against the airport's sale. The…
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The Communications Authority of Kenya (CA) has recently implemented more stringent approval procedures for Information, Communication, and Technology (ICT) equipment.
This initiative is part of a broader effort to protect public interests, enhance consumer safety, and strengthen the integrity of…
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The cost of fuel has decreased to the lowest point in 19 months due to lower import prices, which is likely to further reduce the pressure on inflation.
The Energy and Petroleum Regulatory Authority (Epra) reports that super petrol prices in Nairobi have decreased by Sh8.18 per litre to Sh180.66,…
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JPMorgan Chase, one of the world's largest American banking conglomerates, has finally received approval to establish a representative office in Kenya.
This comes nearly 12 years after initially announcing its intentions. The Central Bank of Kenya (CBK) has granted permission for the US banking…
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Kenya's national electricity infrastructure is set to undergo a major transformation following the signing of a Project Agreement between the Kenya Electricity Transmission Company Limited (Ketraco) and Adani Energy Solutions Limited.
In a statement on Friday, Energy Cabinet Secretary Opiyo Wandayi…
