Inflation Reduction Prompts CBK to Retain 13% Base Lending Rate
The Central Bank of Kenya (CBK) recently announced its decision to maintain the Central Bank Rate (CBR) at 13 per cent for April and May. This decision comes as no…
How Saccos Prevent Member Exits and Delay Refunds
It’s disheartening to hear about the growing number of complaints filed against savings and credit cooperative societies (saccos) in Kenya regarding their refusal to release member deposits upon request. These…
NTSA Takes Action: Bungoma Line & Smart Highways Sacco Licences Suspended
It’s concerning to hear about the suspension of the licenses for Bungoma Line Safaris and Smart Highway Saccos by the National Transport and Safety Authority (NTSA). This action underscores the…
Quality Issues Prompt Government to Halt Fertiliser Distribution by Kenyan Company
The recent suspension of the distribution of NPK 10:26:10 fertilizer by the Kenyan government has sparked concerns and raised questions about the quality control measures in place for agricultural products.…
Unregistered Businesses at Risk as KRA Sets eTims Deadline
If you’re a business owner or entrepreneur operating in Kenya, you may already be aware of the recent announcement from the Kenya Revenue Authority (KRA) regarding the registration deadline for…
Ministries Prohibited from Procuring Branded Items by Government
The recent directive issued by President William Ruto’s Chief of Staff and Head of the Public Service, Felix Koskei, to ban the procurement of branded or promotional materials by state…
Kenya Airways Achieves First Operating Profit in Seven Years
This news about Kenya Airways marking an operating profit in 2023 is indeed a significant milestone, especially after seven years of grappling with financial challenges. For readers like us, it’s…
Seven Banks Flock to Eastleigh Mall in a Year
The emergence of Business Bay Square mall (BBS) as a banking hub within Nairobi’s vibrant Eastleigh district is certainly noteworthy. In an era where many malls are grappling with low…
Ndindi Nyoro Acquires 20m TransCentury Shares
The recent news about Kiharu MP Ndindi Nyoro’s investment in TransCentury Plc is certainly notable. Let’s break down some key points and consider the implications: In conclusion, Ndindi Nyoro’s investment…
Massive Loss: Ethiopian Bank Customers Withdraw Millions in Error
The recent incident at Ethiopia’s largest bank, the Commercial Bank of Ethiopia (CBE), where a technical glitch allowed customers to withdraw unlimited funds, has sparked widespread attention and concern. Reports…