Absa to pay couple Sh234m for fraudulent shares sale

Nairobi, Jan. 10 -- Absa Bank Kenya has been ordered to compensate a couple more than Sh234 million over the fraudulent sale of their shares in various companies including East African Breweries Plc (... Read More

Stanchart stock gains big ahead of full-year results announcement

Nairobi, Jan. 10 -- Standard Chartered Bank Kenya's share price touched a new 52-week high of Sh160 on Monday as the stock continued to climb ahead of the announcement of the lender's full-year result... Read More

Half of NSE firms not paying dividends

Nairobi, Jan. 10 -- Nearly half of Nairobi Securities Exchange (NSE) listed firms did not pay dividends in the last financial year cycle revealing muted returns for investors in the bourse. Market da... Read More

Weak shilling inflates KenGen debt by Sh3.2 billion

Nairobi, Jan. 10 -- The weakening of the shilling inflated KenGen's foreign currency loans by Sh3.2 billion in the year ended June, with the foreign exchange volatility forming part of costs that the ... Read More

Domestic borrowing hits 50pc of Kenya debt on foreign loans plunge

Nairobi, Jan. 10 -- Kenya's domestic borrowing now makes up half of the public debt stock after a slowdown in foreign loans on costlier external financing, reversing a trend that risks crowding out th... Read More

Kenya set to open six new foreign missions

Nairobi, Jan. 10 -- Kenya is set to open seven new foreign missions in the latest reorganization of President William Ruto's government. According to Executive Order No.1 of 2023 by President Ruto, t... Read More

Space dilemma: Will 2023 be year of great repositioning?

Nairobi, Jan. 10 -- While real estate remains the investment option of choice, recent global and local socio-economic-politico developments have ushered in an era of re-evaluation that is bound to res... Read More

Why super wealthy Kenyans are committing billions of shillings to philanthropy

Nairobi, Jan. 10 -- Kenyans are giving money to philanthropy now more than ever as the number of wealthy individuals grows by the day. As of September last year, the country was home to 8,500 dollar ... Read More

Millennials, Gen Zs new house plants obsession

Nairobi, Jan. 10 -- Gen Z and millennials are the newest plant parents in town. Like any new parents, they are anxious to provide the best care to their houseplants, which has seen them join gardening... Read More

Climate finance remains key hurdle

Nairobi, Jan. 10 -- Did the 27th UN Climate Change Conference of the Parties (COP27) held in Sharm El-Sheikh, Egypt, achieve anything? Egyptian President Abdel Fattah El-Sisi set the tone weeks befor... Read More