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Treasury spends Sh1.7bn on loan securing charges

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Nation | by Victor Juma The Controller of Budget (COB) has flagged Treasury for Sh1.657 billion paid to secure future borrowing, saying the loans should...
kenya-uk economic partnership agreement, kenya-uk trade deal, kenya-uk relations, uk flag, uk parliament

UK takeover of Sh2bn in SportPesa blocked

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Business Daily | by Victor Juma The proposed transfer of Sh2 billion worth of assets held by one of the SportPesa companies to the UK...
safaricom plc

Safaricom to earn Sh53bn from smart electricity meters

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Business Daily | by Otiato Guguyu Safaricom is set to earn Sh53.5 billion for installing smart electricity meters to Kenya Power’s large consumers in a...
central bank of kenya cbk

Recovering economy eases CBK intervention pressure

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Business Daily | by Charles Mwaniki The ongoing recovery of key economic sectors will ease pressure on the Central Bank of Kenya (CBK) to roll...

Carrefour takes over six Shoprite stores in Uganda

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Business Daily | by Victor juma Supermarket chain Carrefour is set to take over six stores in Uganda currently operated by South Africa’s Shoprite which...

Ethiopia invites bidders for 40pc stake in Ethio Telecom

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Nation | by Tesfa-Alem Tekle Ethiopia has invited private investors to bid for shares in the proposed sale of a 40 per cent stake in...
tullow oil exploration turkana county lokichar basin

Kenya’s crude pipeline, plant to cost Sh373bn

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Business Daily | by Brian Ngugi British exploration firm Tullow Oil has presented its long-awaited revised development plan for oil production in Turkana County, raising...
kenya power, electricity bills, electricity costs, electricity supply

Kenya Power workers seek board ouster on tenders investigation

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Business Daily | by Bonface Otieno Kenya Power workers have threatened to go on strike if four directors don't resign amid an investigation over tendering...