KPA Defends Ksh8.3B Mombasa Port Project Amid Cost Questions
The Kenya Ports Authority (KPA) has defended the Ksh 8.3 billion infrastructure project at the Port of Mombasa following criticism that the amount...
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CBK Bags Ksh57.8B in Oversubscribed Bond Sale
Investors poured billions of shillings into the government's latest Treasury bond sale. Still, the Central Bank of Kenya (CBK) turned away a significant...
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Harambee DT SACCO Hit by Ksh230M Write-Off as KUSCCO Crisis Persists
Harambee Deposit Taking SACCO has taken a major financial hit after writing off more than Ksh 230 million linked to an unreconciled bank...
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Motor Insurance Bleeds Ksh8.2B as Claims and Fraud Hit Kenyan Insurers
The Insurance Regulatory Authority (IRA) has revealed that Kenya's motor insurance business is becoming increasingly difficult to sustain, with insurers recording billions of...
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Saudi Investor Buys Stake in Tatu City’s Jabali Towers as Kenya Attracts Fresh Foreign Capital
Kenya's property sector has received another boost after Saudi Arabia's Mabani Aljazeera Holding Group announced a major investment in the Jabali Towers development...
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Why Dangote Chose Kenya Over Tanzania for Africa’s Biggest New Oil Refinery
When Nigerian industrialist Aliko Dangote began looking for a home for his next mega refinery, many people expected Tanzania to win the race....
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KETRACO Unveils Ksh65B Electricity Transmission Projects for Public Review
Kenya's electricity transmission network could soon receive a major boost after private investors tabled proposals worth up to Sh65 billion to build new...
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CBK Tightens Rules on Emergency Bailouts for Struggling Banks
The Central Bank of Kenya (CBK) will now be required to apply stricter rules before offering emergency financial support to struggling banks, following...
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