Central Bank Rate - MPC - CBK Dr Patrick Njoroge

CBK Retains Benchmark Rate At 7%, Signaling Economic Recovery

Central Bank Rate: The Central Bank of Kenya has retained its benchmark rate at 7%, signaling confidence in the prevailing monetary policy as...

BT Reporter

The explosion of the crypto market has been characterized by the emergence of countless new coins.

BUSINESS CRYPTOCURRENCY

The Number of Cryptocurrencies Almost Doubled Since 2019 and Hit Over 5,300

At the beginning of 2017, Bitcoin held almost 88% of all capital invested in the crypto market. With over 700 new cryptocurrencies that...

BUSINESS TODAY

Last year, the Mastercard Foundation partnered with USIU-Africa to launch the Mastercard Foundation Scholars Program at USIU-Africa, which will see 1,000 students from across the continent educated over 10 years at a cost of $63.2 million (Kshs. 6.8 billion).

FEATURED STORY

USIU-Africa Welcomes 2nd Cohort Under Mastercard Foundation Scholars Program

Mastercard Foundation’s Head of Scholars Program, Prof. Phil Cotton congratulated the Scholars on their achievement, noting that they were now on their way...

BUSINESS TODAY

n general, a comparison of bitcoin wallet holdings reflects how whales have reacted to the market swing around bitcoin. [Photo/ Gadgets 360]

CRYPTOCURRENCY

‘Buying Power’ of the 100 Bitcoin Richest Addresses Down 30% Since January

According to data compiled by cryptocurrency trading simulator Crypto Parrot, 15 of the top 100 addresses recorded outflows of 43,161 in bitcoin between April...

BUSINESS TODAY

A National Bank of Kenya (NBK) branch. [Photo/ NMG]

BUSINESS

NBK to Pay Ksh510 Million for Disallowed Tax Credits Claim

The taxes arise out of disallowed credits wrongfully claimed by the bank under the Income Tax Act. The Tribunal further held that the...

BUSINESS TODAY

According to EACC, public officials have since 2015 gained unexplained wealth worth Ksh25.5 billion. [Photo/Capital FM]

BUSINESS POLITICS

Mysterious Wealth: 4 Kenyans Who Can’t Account for Their Billions

Kidero's real estate empire is among assets that have most recently been targeted by EACC. He primarily trades through five companies — Gem...

BUSINESS TODAY

President Uhuru Kenyatta launching DMUs for the Nairobi Commuter Rail Service (NCRS) in November 2020. 6 more DMUs arrived in the country from Spain in May, Kenya Railways Corporation (KRC) confirmed on May 25, 2021. [Photo/ Nairobi Metropolitan Services]

BUSINESS ECONOMY

Hourly Train Rides for Nairobi Commuters After New DMUs Arrive

KRC aims to build new stations in areas including Buru Buru, Pipeline, Umoja, Githurai, Donholm and expand services to outskirts and satellite towns...

BUSINESS TODAY

SMART BUSINESS

Dizzy Maths: Inside The Safaricom Ethiopia Mobile License Deal

According to a document released on 25th May 2021, Safaricom, Kenya’s leading mobile operator, will own majority (55.7%) shares in the arrangement ahead of...