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Kenya is the biggest economy in East Africa and most watched in sub-Saharan Africa, being the regional business hub. BT brings you comprehensive coverage of the various economic sectors.

Inside Surgeon’s Bid to Stop Bonga Points Expiry

The telco had in November last year announced that all unredeemed Bonga points would expire after three years. Bonga Points accumulated before December 31, 2019, expired effective January 1, 2023.

Ruto: Why Unga is Still Ksh200 Despite my 100-Day Promise

One of Ruto's key promises on the campaign trail had been that he would reduce the cost of living within his first 100 days in office. He had singled out the price of unga (flour), arguably the important food commodity in most Kenyan households, and vowed to bring the price of a 2kg packet down from the current Ksh200 to below Ksh100 within the first 100 days. This promise has gone unfulfilled so far, and Kenyans continue to grapple with record-high food prices.

Gachagua Secures Ksh200M in ARA U-Turn

Before backtracking, the DCI had told the court that the funds were acquired illegitimately, and presented a paper trail of dealings between Gachagua-linked companies and the Bungoma County government among other government institutions between 2011 and 2016.

You Will Pay More for Power in January 2023 – Here’s...

Energy and Petroleum Regulatory Authority (Epra) director-general Daniel Kiptoo confirmed to journalists that the power subsidy would not be extended past the end of year. It had been introduced by President Kenyatta in January alongside other reforms intended to cushion Kenyans from the high cost of power.

SuperSport’s Return to Kenyan Football – Sports CS Announces

According to Namwamba, he expects the live broadcasts to begin by the end of the ongoing 2022/23 season. MultiChoice was yet to respond to queries from Business Today by the time of publication.

Twist In Mumias Sugar Revival After President Gives New Direction

President William Ruto on Thursday, 8th December said he is going to get a new investor to revive Mumias Sugar Company and restore thousands of jobs lost at the troubled sugar miller.

End of an Era: Gilani’s Supermarkets Sale Approved

Gilani's has been popular with customers particularly in its Nakuru base since 1974. It has been run by several generations of the Gilani family. But in a growing trend, families in the retail business are opting to loosen their hold on the businesses in favour of investment by cash-rich PE firms.

Kenya Power Chair Pushed Out Over Uhuru Links

She was appointed in 2020 as Uhuru led reforms at the utility ostensibly to lower the cost of power, primarily attributed to flawed long-term power purchase deals signed by Kenya Power with independent power producers (IPPs).

Ruto Appoints James Mwangi, Peter Ndegwa to New Committee

Ruto appointed Safaricom CEO Peter Ndegwa as chair of the committee. Other members include Equity Bank CEO Dr. James Mwangi, EABL CEO Jane Karuku, KCB Group CEO Paul Russo, Family Bank CEO Rebecca Mbithi and BAT CEO Crispin Acholla.

Co-op Donates Ksh150M After Minting Ksh17B Net Profit in 9 Months

Co-operative Bank saw its net for profit for the nine months to September 2022 surge 47 percent to Ksh17 billion compared to Ksh11.6 billion in a similar period last year, driven by steady growth in non-interest income (including fees and commissions from loans and forex trades) and interest income.