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Kenya economy to overtake Angola, IMF forecast shows

Nairobi, April 23 -- Kenya will overtake Angola to become the fourth largest economy in sub-Saharan Africa this year, behind South Africa, Nigeria, and Ethiopia, a forecast by the International Moneta... Read More


Banks to fight for Sh50bn green fund

Nairobi, April 5 -- Banks will fight for a Sh50 billion World Bank-backed fund aimed at supporting SMEs investing in climate change mitigation. A new report by the World Bank notes that Kenya's State... Read More


Competition watchdog edged out of dominance decisions

Nairobi, April 3 -- The Competition Authority of Kenya (CAK) and the Communications Authority of Kenya (CA) have renewed their turf wars over their respective roles in enforcing market dominance rules... Read More


Seven insurers in trouble over compensation delays

Nairobi, April 2 -- Feuds over delayed payments by insurance firms for car repairs have escalated to the competition watchdog, with garage owners latching onto a recently adopted legislation that seek... Read More


State takes on steel tycoons with new Sh220bn plants

Nairobi, March 27 -- The Kenyan government plans to spend Sh220 billion in the next five years to set up new iron and steel plants in a move that is likely to rattle private sector players in an indus... Read More


Why analysts see bond turnover crossing Sh1 trillion this year

Nairobi, March 26 -- Bond turnover at the Nairobi Securities Exchange (NSE) could cross the Sh1 trillion mark for the first time, with the latest data showing that in less than three months, it had al... Read More


State rolls out sale of Development Bank of Kenya days after selling NBK

Nairobi, March 25 -- The Privatisation Authority has rolled out the sale of Development Bank Kenya (DBK), barely a month after the Cabinet approved the transfer of the ownership of the lender to priva... Read More


Revealed: KCB Group inks deal to sell National Bank

Nairobi, March 20 -- KCB Group is selling its subsidiary National Bank of Kenya (NBK) for an undisclosed amount less than five years after it acquired the lender in a rescue deal that was shepherded b... Read More


Banks face steep fines in terror financing war

Nairobi, March 19 -- Commercial banks and officials face steep fines for facilitating terrorism financiers as Kenya fights to lift itself from a global 'grey list' after its safeguards against the flo... Read More


US says IFC covering up sex scandal in Kenya schools

Nairobi, March 18 -- The US government has claimed that the International Finance Corporation (IFC) tried to cover up reports of child sex abuse at Kenya's Bridge International Academies moments after... Read More