Expensive loans loom as IMF pushes for interest rates hike
People Daily | by Herald Aloo
The International Monetary Fund (IMF) has urged low-income countries to tighten monetary policies and increase lending rates to save...
EACC gets the nod to probe Tatu City over tax evasion, money laundering
Business Daily | by Sam Kiplagat
The High Court has allowed the Ethics and Anti-Corruption Commission (EACC) to investigate the multibillion- shilling Tatu City real...
New vehicle dealer sales rise 11pc in first quarter
Business Daily | by Victor Juma
Sales of new motor vehicles rose 11.7 percent in the first quarter ended March, aided by the growing economy.
Data...
Cooking oil prices to go up as Indonesia bans palm oil exports
Financial Express | by Nanda Kasabe
Domestic edible oil prices are likely to shoot up 10% to 15% in the short term after Indonesia, the...
CBK orders banks to ration scarce dollars
Business Daily | by Constant Munda
The Central Bank of Kenya (CBK) has directed commercial banks to ration dollars following a shortage of the US...
Weakening shilling drives up Nairobi Expressway toll fee ahead of launch
Business Daily | by John Mutua
Motorists will pay up to Sh350 more to use the Nairobi Expressway after the government reviewed the toll charges...
Employers rule out wage increase
Business Daily | by Bonface Otieno
Workers are likely to miss out on a pay raise for the fourth year in a row after talks...
KenGen completes drilling of seven geothermal wells in Ethiopia
Business Daily | by Edna Mwenda
Electricity producer KenGen has completed the drilling of seven geothermal wells in Ethiopia, four at the Aluto-Langano site and three...
