BUSINESS NEWS
Kenyas Economic Outlook Brightens as Moodys Upgrades Credit Rating To Positive
Moody's, the global ratings agency, upgraded Kenya's outlook from "negative" to "positive" on Friday, highlighting a potential reduction in liquidity risks and an improvement...
Kenya Cracks Down on Cryptocurrency Regulation, Requires Local Offices
Kenya is introducing a series of regulations that mandate cryptocurrency firms operating within its borders to establish local offices as part of the government's...
The End of Era: CMC Motors Group Closes Doors in Kenya, Uganda and Tanzania
CMC Motors Group has declared its intention to cease operations in Kenya, Tanzania, and Uganda, marking the conclusion of over four decades of business...
Kenyas Economic Growth Plateaus at 4% Amid Global Uncertainty
Kenya's economic growth experienced a deceleration, registering at four percent in the third quarter of 2024, even with diminishing inflationary pressures and a strengthened...
New Law Puts an End to Harassment of Borrowers
It is now prohibited for microfinance companies to engage in harassment of borrowers following the implementation of a new law.
The Business Laws (Amendment) Bill,...
Trading Resumes for Kenya Airways Shares on Nairobi Securities Exchange
The Nairobi Securities Exchange has announced the lifting of the suspension on trading shares of Kenya Airways (KQNA.NR), as stated on Monday.
According to the...
CBK lowers lending rates to 11.25%
The Central Bank of Kenya (CBK) has further decreased the benchmark lending rate by 75 basis points, bringing it down to 11.25 percent, which...
Major Milestone: Tanzanian Firm Given Green Light to Acquire Bamburi Cement
Tanzanian manufacturing and energy powerhouse Amsons Group has received approval from Kenya’s mining ministry to proceed with the unconditional acquisition of Bamburi Cement.
Through its...
Equity Bank CEO James Mwangi appointed to World Bank’s council on jobs
Equity Bank Holdings CEO James Mwangi has been selected to join a World Bank advisory council focused on Jobs, which aims to recommend practical...
Ahmed Farah appointed as the new CEO of KNCCI
The board of directors of the Kenya National Chamber of Commerce and Industry (KNCCI) has officially appointed Ahmed Farah as the new Chief Executive...
