Economy

The Central Bank of Kenya (CBK) has introduced a new foreign exchange code that has left banks worried. The code,...

President William Ruto expects dollar demand in the country to ease as the government plans to import fuel in Kenya...

A motion by Laikipia County Woman Representative on the reduction of the cost of electricity has revealed that powerful individuals...

The Kenyan government has signed a government-to-government deal with Saudi Aramco, Abu Dhabi National Oil Company (Adnoc), and Emirates National...

Senior executives of Safaricom, including CEO Peter Ndegwa, have been dealt a setback as the High Court has refused to...

The shortage of US dollars in Kenya has caused commercial banks to ration the currency and has forced manufacturers and...

President William Ruto has promised that a 6kg cylinder of cooking gas will start retailing from between Ksh.300 and Ksh.500...

Kenya’s High Court has invalidated income tax exemptions granted to Japanese workers and companies on 15 projects valued at KES...

Starting next month, Kenya will import fuel from the United Arab Emirates (UAE) on a credit basis of up to...

The cost of sugar in Kenya may soon drop as the country prepares to receive its first consignment of duty-free...

Kenya Power & Lighting Company (KPLC) has announced an after-tax loss of Sh1.14 billion for the six months ending December...

The Kenyan government has received a helping hand from the United States of America (USA) to fight the current hunger...

Investors from China have rebuked Trade Cabinet Secretary Moses Kuria over his remarks that sought to kick out the owner...

President William Ruto’s Council of Economic Advisors chairperson David Ndii has said Kenyans only have two choices on the cost...

President William Ruto has revealed details of his meeting with Central Organization of Trade Unions (COTU) boss Francis Atwoli and...

It was just after dawn and tempers were fraying outside the First Bank in the northern Nigerian town of Kano,...

Nigeria's Independent National Electoral Commission (INEC) said Wednesday that elections would go ahead as scheduled this month despite growing tensions...

In the run-up to Kenya’s 2022 polls, economic issues, particularly public debt and joblessness, took center stage. The Kenya Kwanza...

National Assembly Majority Leader Kimani Ichung’wa has denied claims that there are plans to reintroduce the Estate Duty Act that...

With just three weeks to go before Nigeria's presidential election, major cash and fuel shortages are stirring up public anger...

A total of  Sh17 billion has been borrowed from the Hustler Fund since it was launched on November 30, Co-operatives...

Inflation is the rate at which the general level of prices for goods and services is rising and subsequently, purchasing...

De La Rue PLC, a Basingstoke, England-based company that designs and produces banknotes, secure polymer substrate, and banknote security features...

The High Court in Kenya has granted millions of Safaricom subscribers the opportunity to join a class action lawsuit against...

The Central Organization of Trade Unions (COTU) Kenya has opposed plans by government to monitor individual mobile money transactions as...

Ride-hailing giant Uber is taking steps to clamp down on taxi operators on its platform who have been conducting trips...

The Capital Markets Authority (CMA) has granted Centum Investment Company Plc an exemption to exceed the 25 percent daily volume...

The Kenya Revenue Authority (KRA) is proposing to integrate its tax system with M-Pesa, a mobile money platform, in order...

Despite slowing growth and the worst inflation figures in a decade in 2022, African economies remain "resilient," and double-digit price...

The Kenya National Highways Authority (KENHA) has mounted a crackdown on rogue sugarcane transporters, to tame rampant destruction of road...