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Business news highlights

KBC fears closure over Sh10bn pension arrears

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Business Daily | by Joseph Wangui Financial woes facing the State broadcaster, Kenya Broadcasting Corporation (KBC), have deepened after a judge allowed its employees to...
central bank of kenya cbk

Bank profits jump 18 percent in two months on increased lending

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Business Daily | by Elizabeth Kivuva The pre-tax profit of Kenyan banks jumped 18.8 percent in the first two months of the year on increased...

Nicotine pouches ban puts at risk Sh2.5bn BAT plant

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Business Daily | by Brian Ngugi BAT Kenya says the government’s ban on its nicotine pouches risks the viability of its Sh2.5 billion factory in...

CMA fresh rules to check Cytonn’s cash raising model

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Business Daily | by Julians Amboko The Capital Markets Authority (CMA) is tightening rules for raising funds privately to protect unsophisticated investors and seal gaps...

Poor, congested roads erect more hurdles on cargo routes from ports

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The East African | by Anthony Kitimo, Bob Karashani and Patrick Ilunga Ports in East Africa continue to struggle to be efficient with traders saying...
jomo kenyatta international airport, foreign travel, domestic travel

Reprieve for KAA as court stops airport workers strike

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Business Daily | by Bonface Otieno A High Court judge has suspended an airport workers' strike that was called to protest reduced pay increases by...

Bread prices put pressure on rising cost of breakfast

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Business Daily | by Gerald Andae Breakfast will get costly as bread makers start increasing prices on the rising cooking oil, fuel, wheat and packaging...

Assemblers eye 70pc sales jump on used trucks ban

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Business Daily | by Victor Juma Local vehicle assemblers could see their annual sales jump by up to 70 percent as the government moves to...