Economy

Four ministries are on the spot for losing motor vehicles and other transport equipment worth millions of shillings in controversial circumstances. Auditor General Nancy Gathungu has flagged the ministries of …

As once relatively wealthy Sri Lanka suffers a dire economic crisis with shortages of everything from medicines to gas, people are returning to cooking with firewood. The switch began at …

The Capital Markets Authority (CMA) has forced a US-based private equity to make a takeover offer to minority owners of Limuru Tea, including tycoon Joe Wanjui, in the wake of …

Agriculture Cabinet Secretary Peter Munya has defended the Sh2 maize import tax relief saying it is better than nothing. Speaking on the sidelines of the IGAD heads of state meeting …

Nairobi’s international financial centre has signed up three companies on the day of its launch including Prudential plc, ARC Ride Kenya and AirCarbon Exchange (ACX). Prudential, one of the world’s …

The Kenya Bureau of Standards (KEBS) has called on local manufacturers and importers to conform to the 205 new standards which have been developed targeting various products to boost their …

M-Pesa virtual Visa card is undercutting Kenya’s commercial banks with lower foreign exchange rates in the race to get a larger share of the country’s cross-border payments market. The virtual …

Annual trade between Kenya and Tanzania crossed the Sh100 billion mark for the first time in President Samia Suluhu’s tenure in office, signaling improved ties between the two neighbouring countries. …

 Kenya’s imports from South Africa more than doubled in the first three months of 2022 after rising by 64 percent to Sh 17.7 billion from Shs10.8 billion reported during a …

Somalia said on Sunday it had awarded licences to two foreign banks as the troubled Horn of Africa nation opens up the industry to international lenders. State-owned Banque Misr of …