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Truck fined Sh14m for axle load rules breach

Nairobi, Jan. 31 -- The highways authority has fined a truck owner Sh14 million for exceeding the maximum axle load allowed in the regional trunk road network. The Kenya National Highways Authority (... Read More


Corporate bonds trade rallies on increased supply

Nairobi, Jan. 31 -- Secondary market trading on corporate bonds picked up in the fourth quarter of last year, reflecting the improved supply of issuances in the market and sales by holders chasing hig... Read More


Kenya's 2022 top selling cars

Nairobi, Jan. 31 -- Volkswagen Tiguan Allspace Trendline, Land cruiser Prado and Toyota Rush were the most bought brand new personal vehicles by Kenyans last year. A Business Daily analysis shows tha... Read More


Maisha Microfinance sale of majority stake gets CAK nod

Nairobi, Jan. 31 -- Loss-making Maisha Microfinance Bank is set to sell a majority stake to an investment firm at an undisclosed amount, deepening disposal deals by the microlenders in Kenya. The Com... Read More


Local rice millers protest lockout from duty-free imports window

Nairobi, Jan. 31 -- Local rice millers have protested their lockout from the importation of the commodity under the duty-free window, terming the move as discriminatory. The Agriculture Ministry has ... Read More


Equity will get up to Sh510m for acquisition of Spire Bank

Nairobi, Jan. 30 -- Mwalimu Sacco will pay Equity Group up to Sh510 million for taking over the troubled Spire Bank in a deal that will see the teachers-backed lender lay off all its workers. The dea... Read More


Forex reserves at 88-month low as debt repayments fall due

Nairobi, Jan. 30 -- Kenya's foreign-exchange reserves have dropped to the lowest level in 88 months as the nation makes multi-billion shillings debt repayments, marking the second time in less than th... Read More


CBK ends rate hikes as inflation slows

Nairobi, Jan. 30 -- The Central Bank of Kenya (CBK) on Monday retained the base lending rate at 8.75 percent on the back of slowing inflation. The bank's Monetary Policy Committee (MPC), the top-deci... Read More


African prosecutors meet in Mombasa

Nairobi, Jan. 30 -- President William Ruto on Monday officially opened the Africa prosecutor's Annual General Meeting (AGM) and conference, which brings together prosecutors across the continent under... Read More


Sasini sets eyes on expansion as it joins Sh1bn profit club

Nairobi, Jan. 30 -- Agricultural firm Sasini is now setting eyes on new investments as it seeks to grow its revenue and stay within the elite club of firms with annual net profits above Sh1 billion. ... Read More