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Business news highlights

nairobi securities exchange bourse

Stock market drops Sh65bn in two days

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Business Daily | by Charles Mwaniki The stock market shed Sh65.6 billion in investor wealth in the first two trading sessions this week, pressured by...
central bank of kenya cbk

CBK lifts freeze on loan prices after IMF notice

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Business Daily | by Otiato Guguyu The Central Bank of Kenya has begun approving lenders’ applications to increase the cost of loans based on customer...
moderna covid-19 vaccine

Moderna to build Sh57bn Covid vaccine plant in Kenya

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Business Daily | by Brian Ngugi American biotechnology firm Moderna will set up a manufacturing facility in Kenya, its first in Africa, to produce messenger...

Kenyans protest sharp rise in cooking gas prices

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People Daily | by John Otini If Kenyans were concerned that the recent sharp increase in the cost of essential commodities had made life difficult,...
kq, kenya airways, national aviation management bill

Kenya Airways puts off launch of flights to Italy

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Business Daily | by Gerald Andae Kenya Airways (KQ) has postponed the launch of flights to Italy even as it suspended its operations to Cameroon...
total fuel service station

Russia-Ukraine conflict ruins Kenya fuel subsidy

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Business Daily | by John Mutua Kenya’s fuel subsidy that has kept pump prices unchanged for four months in a row has been crippled in...
budget, treasury, public borrowing

Helb raises Sh1.5bn from corporates and counties to plug funding gaps

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Business Daily | by Lynet Igadwah The Higher Education Loans Board (Helb) has raised Sh1.5 billion from external sources to plug funding gaps amid rising...
kenya power electricity lines

Kenya Power to start selling fixed internet

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Business Daily | by John Mutua Kenya Power will start selling high-speed internet to businesses in the race to diversify its revenues and capitalise on...