BUSINESS NEWS
Sticky inflation dents rate-cut expectations, Dollar remains steady
The yen held constant near the psychologically significant level of 150 per dollar, while the dollar remained stable on Monday following data released last...
Report: Africa Dominates List Of World’s 20 Fastest-Growing Economies In 2024
Eleven of the world's 20 fastest-growing economies will be in Africa by 2024, according to the African Development Bank Group's (AfDB) 2018 Macroeconomic Performance...
Anxiety As Kenyan Banks Set To Begin Providing KRA Access To Customer Data
Kenyan commercial banks have begun to apply the 2023 tax processes legislation known as Common Reporting Standards (CRS).
As the taxman ramps up its attempts...
Jeff Bezos plans to sell 50M shares of Amazon stock
According to a regulatory track published on Friday, Jeff Bezos, the founder of Amazon, intends to sell up to 50 million shares of the...
Safaricom suspends M-Pesa transfers to unregistered users.
The giant telecom operator Safaricom has recently announced that M-Pesa users will no longer be able to transfer money to unregistered users.
In a statement...
EABL Reports 22% Drop in Profit After Tax
Local manufacturers who depend on the importation of raw materials are suffering as a result of the depreciation of the Kenyan shilling.
East Africa Breweries...
