President to Commission the KES 31B Thika Highway
Thika Superhighway will be commissioned on Friday, 8 months off scheduled completion date and KES 4 billion more that it was initially anticipated to cost.
Revised CBK Guidelines Effective 1st January 2013
The new Prudential Guidelines and Risk Management Guidelines issued by the Central Bank of Kenya (CBK) for all applicants intending to be licensed, conduct banking, mortgage or financial business in Kenya will come into effect on 1st January 2013. “Pursuant to its mandate of fostering…
Crack Down on Water Theft in Nairobi
How Nairobi Water plans to nub illegal water connections, monitor water consumption and bill it's 250,000 customers.
Mining Nationalisation: Friend of Foe?
Statistics from the Kenya National Bureau of Statistics (KNBS) for last year indicate that the industry’s contribution to the economy came to KES 7.25 Billion in 2011. Why are we nationalising it?
Central Bank Slashes Base Lending Rate to 11%
The Central Bank's Monetary Policy Committee has come to the rescue of borrowers slashing the base rate to 11% down from 13%, with commercial banks expected to follow suit. Falling inflation and a stable local currency have been the major drivers for this move.
Dont Take Sweets for Change, Says CBK
There are sufficient coins in circulation, The Central Bank has assured, removing the need for supermarkets and shops giving customers sweets in place of coins for change on shopping.
Diaspora Remittances Decline 2.4% In September
Diaspora remittances in the month of September declined by 2.4% attributed to lower remittances from the European region. The overall trend shows that remittances have been increasing over the months.
KES 27 Million Worth of Internet Connectivity for Kenya
Christmas is almost here and as you travel upcountry, some of you might not find it hard to navigate the cyberspace anymore. The Kenya ICT Board has set aside KES 27 million to set up digital villages, known as Pasha Centres, across the country…
International Oil Prices Drop, Shilling Depreciates, What Next For Fuel Prices?
The observed drop in international crude oil prices may result in a drop in fuel price, though weakening of the shilling could counter this drop and balance things out.
Express Kenya-Amadeus Deal Promises Cost-Effective Customer Service
Travel technology meets clearing and transport services when Amadeus partners with Express Kenya. The two firms have promised to make it more convenient for Kenyans to move cargo.
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