September 30th marks the expiration of the African Growth and Opportunity Act (AGOA), alarming African manufactures and stakeholders. As the deadline approaches, they are making the last resort to lobby the United States for an extension because a failed renewal...

Technology AI is becoming a threat to the banking sector by reducing the number of jobs available due to automaton of processes. A study by Bloomberg shows that about 200,000 banking jobs will be replaced by AI in like 3-5...

Commercial lenders have disbursed KES 153 billion to micro, small, and medium-sized businesses (MSMEs) so far in 2025, marginally surpassing the annual target of KES 150 billion set by the banking industry.  As of May 2025, loan disbursements to MSMEs...

East African Portland Cement Company (EAPC), was directed by Kenyan lawmakers on Tuesday to repurchase its shares from Swiss Multinational Holcim. This parliamentary instruction came after Holcim sought to exit and agreed to sell 29.2% of its shareholding, which is...

Subsidy withdrawal by the government has left many citizens exposed to higher costs of fuel, as the money set aside to buffer extreme fuel prices becomes expended. The government pulled back from applying subsidy on the recent pump prices announced...

Oil marketer, Rubis sold government bonds worth KES. 5.2Bn in the first half of the year period that ended in June 2025, an approach taken by most oil marketers to sustain their cash flow. In line with this trend, Rubis...

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Commercial lender, Standard Chartered Bank Kenya Plc, has issued a profit warning, forecasting a 25% drop in net earnings for the year ending 31 December 2025, compared to the year ended 31 December 2024, mainly due to the judgment of...

Power distributor, Umeme Limited, has issued a profit warning to its shareholders after recording a KES 6 billion loss for the period ended June 30, 2025, primarily driven by the natural end of the 20-year concession agreement with the Ugandan...

Investors' appetite for the 364-day Treasury bill in the fiscal year 2025/2026 has increased, mainly driven by higher yields compared to 182- and 91-day papers.  According to last week’s auction, the 364-day paper interest rate stood at 9.54%, while the...

Dr. James Mwangi, Chief Executive Officer (CEO) for Equity Bank Group, seeks to widen the banks operations by entering into the Ethiopian market.

The Energy and petroleum regulatory authority (EPRA) has announced a marginal reduction in fuel prices following its latest monthly review released on Sunday, September 14. According to the new rates, which take effect from midnight September 15 to October 14,...