UAP Insurance South Sudan, a subsidiary of UAP Old Mutual Holdings, has officially withdrawn from the South Sudan insurance market, marking the end of its 19-year operations in the country. …
Commercial banks in Kenya are reducing their lending rates, following recent moves by the Central Bank of Kenya (CBK) to ease its monetary policy in an effort to boost private …
Telkom Kenya, once a trailblazer in the country’s telecommunications industry, is now facing a steep decline in market relevance as it struggles to keep pace with dominant rivals Safaricom and …
The Competition Authority of Kenya (CAK) has launched a major investigation into several multinational companies operating in the country’s shipping and logistics sector, following complaints by local industry groups. The …
A Kenyan court has declared that the management of Nairobi Hospital wrongly dismissed a group of its workers and must now compensate them. The ruling was delivered by Justice Anna …
Kenya is now among the African countries most affected by foreign aid cuts under the government of former United States President Donald Trump. A new study by the Center for …
The United Kingdom and the United States have emerged as the top destinations for physical cash flown out of Kenya, according to a new report released by the Central Bank …
One of Nigeria’s biggest financial institutions, Zenith Bank Plc, has started discussions to buy a mid-level Kenyan bank, as part of its expansion strategy into East Africa. This planned move, …
East African countries are gradually shifting their foreign exchange (FX) reserve strategies by adding more gold, a move aimed at reducing dependence on the U.S. dollar and protecting their economies …
A new phase in Kenya’s labour migration efforts has begun, as 50 Kenyan youths travelled to Russia last week for factory jobs in a move aimed at reducing rising youth …