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By VICTOR JUMA More by this Author Ten local banks including Equity, KCB and CBA have suffered a combined paper loss of Sh8.6 billion on their Kenya Airways’ shares as the airline’s stock plummeted in the wake of continued losses. KQ, as the national carrier is known by
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By VICTOR JUMA More by this Author Ten local banks including Equity, KCB and CBA have suffered a combined paper loss of Sh8.6 billion on their Kenya Airways’ shares as the airline’s stock plummeted in the wake of continued losses. KQ, as the national carrier is known by
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By JAMES ANYANZWA More by this Author East Africa’s finance ministers are walking a tightrope in their quest to finance recurrent government operations and keep major infrastructure projects on course amid falling tax revenues that have weakened key debt sustainability indicators. The region’s debt service-to-total revenue ratios are
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Kelvin Ochieng sits on the edges of a sports apparel stall, off Suna Road Nairobi, sheltered from the striking sun beams on this unceremonious bright Monday afternoon deep into what is a rather wet season. This is not Ocheing’s stall but rather his go-to-point to waylay potential customers ushering
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Kelvin Ochieng sits on the edges of a sports apparel stall, off Suna Road Nairobi, sheltered from the striking sun beams on this unceremonious bright Monday afternoon deep into what is a rather wet season. This is not Ocheing’s stall but rather his go-to-point to waylay potential customers ushering
News
By MWANGI MUIRURI More by this Author Troubled Ekeza Sacco has announced the commencement of member deposit refunds in five phases. Founder David Kariuki Ngari aka Gakuyo said he has drawn a time plan for refunding Sh2.4 billion that were audited as having been misappropriated by the senior management
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By MWANGI MUIRURI More by this Author Troubled Ekeza Sacco has announced the commencement of member deposit refunds in five phases. Founder David Kariuki Ngari aka Gakuyo said he has drawn a time plan for refunding Sh2.4 billion that were audited as having been misappropriated by the senior management
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The Central Bank of Kenya has been accused of managing the shilling and overvaluing it by up to 30 percent. A report titled ‘Kenya’s Economic Puzzle-Putting the pieces together’ insinuates that the CBK has not been operating a free float currency. “…the value Ksh.100 could buy in January
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The Central Bank of Kenya has been accused of managing the shilling and overvaluing it by up to 30 percent. A report titled ‘Kenya’s Economic Puzzle-Putting the pieces together’ insinuates that the CBK has not been operating a free float currency. “…the value Ksh.100 could buy in January
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By PATRICK ALUSHULA More by this Author One has a rich history. The other, a humble one. But that is for those who value once-upon-a-time tales about KCB Holdings Group and Equity Group Holdings. As at the end of December 2018, the financial performance of Kenya’s two largest financial
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By PATRICK ALUSHULA More by this Author Kenyans living and working abroad sent home Sh67.16 billion in the first three months of the year, underlining the dependability of the inflows and importance to the economy. The inflows rose 11.4 per cent to $221 million (Sh22.32 billion) in
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By EDWIN MUTAI More by this Author A parliamentary committee has approved a bill that will compel creditors to seize assets of defaulting borrowers before touching a guarantor’s property. The National Assembly’s Justice and Legal Affairs committee has proposed a minor amendment to restrict the application of the