Brics

BRICS Plus to incorporate developing countries

The Chinese government has reaffirmed its steadfastness towards a new world order. Speaking during the recently concluded BRICS Summit in Xiamen, Fujian province Chinese President Xi Jinping rallied the traditional five members of the...

Kenya government reorganises its planned expenditures

The cabinet has approved more than Ksh45 billion in its supplementary budget in a meeting chaired by President Uhuru Kenyatta Thursday morning.  Of the cash, Ksh10 billion will go into financing the repeat polls...

Kenya, UAE sign agreement to strengthen relations

Kenya and United Arabs Emirates (UAE) signed a bilateral agreement on Thursday to establish a mechanism for political consultations aimed at strengthening existing bilateral relations and cooperation. In a brief ceremony on the sidelines of...

CBK disowns new currency notes circulating on social media

Central Bank of Kenya (CBK) has disowned new currency notes circulating in social media and says the process of rolling out currencies and coins with new features is ongoing. The bank had set September...

Banks to reduce disbursement of unsecured loans

Banks are expected to further reduce disbursement of unsecured loans from January next year once they adopt the new International Financial Reporting Standard that requires higher loan loss provision. Experts say adoption of the new...
Tea farmers

Tea farmers to earn 17 pc more

Tea farmers who market their produce through the Kenya Tea Development Agency factories will this year receive on average 17.5 percent more earnings despite revenue from the sale of tea falling by 5.9 billion...

Politics cost hoteliers in Kisumu Kshs 200m

The hospitality industry in Kisumu County is counting huge loses as political tensions persist. Hoteliers say they have lost over 200 million shillings in the last one month as organizations cancel conference bookings on...
plastics ban

Government spearheads mop up of plastic wastes

The government has begun mopping up plastic wastes as the state targets to rid the environment of the millions of tons of plastic bags waste for appropriate disposal or recycling. Environment Cabinet Secretary Prof....

Non-performing loans rise to 10.7 pc

Three sectors contributed the most to the rise in non-performing loans in the last two months. The real estate and the manufacturing added a total of 9 billion shillings in toxic loans between June...

Off-grid solar project gets Ksh15B from World Bank

The World Bank has availed Ksh15 billion to finance an Off-Grid Solar Access Project targeting Arid and Semi-Arid Lands as the country targets to power all households in Kenya by the year 2020. Energy Principal...
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