business
Ex- judiciary accountant to be paid for illegal sacking
A former accountant at the Judiciary will be paid Sh1.5 million after the Employment court...
Gold trader wants Amadi removed from judiciary post over Sh100m fraud
A British gold trader has filed a petition before the Judicial Service Commission (JSC) seeking...
Elon Musk Regains Title of World’s Richest Man
Multi-hyphenate CEO Elon Musk makes headlines as he is crowned the world's richest man, once again. The Tesla founder regains his title at the top after shares of the electric vehicle company saw shares rise 24% in May. According to the Bloomberg Billionaires Index, Musk's wealth saw his wealth increase 40.3% this year to $192 billion USD with his 13% ownership of Tesla. Musk knocked out LVMH CEO Bernard Arnault from the top spot. Arnault regained the title when Tesla's shares saw a steep decline following Musk's $44 billion USD acquisition of Twitter. Musk's wealth is mostly tied to Tesla and it is therefore volatile and dependent on how Tesla succeeds. Back in November, Tesla's stock hit a two-year low where share price dropped to $167.87 USD when Musk took over Twitter. Arnault, who is ...
Treasury mulls mini-budget to clear Sh641bn pending bills
The Treasury will table a Cabinet memorandum next week spelling out its plans to clear the...
President Ruto revives plans to lease five ports in Sh1.4trn U-turn
President William Ruto’s administration will lease the operations and management of five...
US postpones date for raising visa fee to June 17
The United States Department of State has postponed the date for the increase of worldwide visa...
Kenyans borrow Sh30 billion from Hustler Fund in six months
Kenyans borrowed an extra Sh11 billion between February and May from the Hustler Fund.
Kenya@60: A nation on the move – the revolution of the banking sector
The digital shift in the banking sector is just one bit of the transformation that has been...
Why hard currency deposits are piling up
Commercial banks have been the primary driver of growth in foreign currency deposits.
CBK chief differs with Kamau Thugge on issuing local dollar bond
The outgoing CBK governor has differed with Kamau Thugge, on the potential issuance of a local...
Kenya hits 60 with back-breaking debt
Kenya marks its 60th birthday today with more than 60 percent of her economy mortgaged to...
Big shift in moving horticulture exports from air to sea freight
Historically, air freight has been the dominant mode of transport for horticultural products.
