Cost of bank loans reach 27-month high on T-bills

Capital Markets Cost of bank loans reach 27-month high on T-bills Tuesday June 14 2022 Central Bank of Kenya. FILE PHOTO | NMG Bank lending rates hit a 27-month high in April as costs of wholesale deposits increased following competition for funds between lenders and the government, setting up costly credit for homes and businesses … Read more

Power producers eye more sales as demand rises

Companies Power producers eye more sales as demand rises Thursday May 26 2022 Managing Director(MD) and Chief Executive Officer(CEO) of Kenya Electricity Generating Company (KenGen), Ms Rebecca Miano on March 18, 2021. PHOTO | JEFF ANGOTE | NMG Power generating companies are set to gain from the increased national demand for electricity which has hit … Read more

Dollar shortage hits operations of Kenya-based oil marketers

Industry Dollar shortage hits operations of Kenya-based oil marketers Tuesday May 10 2022 A Rubis fuel station along Koinange Street in Nairobi. PHOTO | DENNIS ONSONGO | NMG By JOHN MUTUAMore by this Author Summary The shortage of US dollars is affecting the operations of oil marketers who ship in refined petroleum products — the … Read more

Lipa na M-Pesa to hide identity of subscribers

Industry Lipa na M-Pesa to hide identity of subscribers Monday May 02 2022 Safaricom will at the end of June start blocking customer contact details when making payments through Lipa na M-Pesa to curb personal information being traded to advertisers. FILE PHOTO | NMG By BRIAN NGUGIMore by this Author Summary This is akin to the model … Read more

Inflation, salary squeeze dims Labour Day festival

Economy Inflation, salary squeeze dims Labour Day festival Friday April 29 2022 Federation of Kenyan Employers Executive Director Jacqueline Mugo. FILE PHOTO | NMG By CONSTANT MUNDAMore by this Author Summary Disposable incomes will fall in 2022 as rising inflation and tax increases hit families, posing a headache to the State ahead of Labour Day on Sunday. … Read more

Sameer profit up five times to Sh217m

Companies Sameer profit up five times to Sh217m Wednesday April 20 2022 Sameer Business Park in Nairobi. FILE PHOTO | NMG By BRIAN NGUGIMore by this Author Summary Sameer Africa’s net profit jumped five times to Sh217.3 million in the year to December helped by cost controls. Sameer did not declare a dividend for the … Read more

State to track Kenyans living and working abroad

Economy State to track Kenyans living and working abroad Friday April 15 2022 Cabinet secretary for labor Simon Chelugui. PHOTO | LUCY WANJIRU | NMG By ELIZABETH KIVUVAMore by this Author Summary The Labour Ministry is setting up an electronic platform to keep track of Kenyan migrant workers, amid a jump in the numbers moving … Read more

Covid 19 cases in Delhi: Arvind Kejriwal government to issue coronavirus guidelines for schools

The Arvind Kejriwal government on Friday will issue COVID-19 guidelines for schools amid concerns over the rise in coronavirus cases in the national capital.

Kenya Airways travellers to lose Sh4bn in expired tickets

Companies Kenya Airways travellers to lose Sh4bn in expired tickets Thursday April 14 2022 Kenya Airways Flight Lands in Mombasa from the Jomo Kenyatta International Airport in Nairobi. PHOTO | KEVIN ODIT | NMG By CONSTANT MUNDAMore by this Author Summary Kenya Airways’ customers lost Sh4.48 billion last year after they failed to show up for … Read more

Lossmaking Posta turns to SMEs for new lease of life

Companies Lossmaking Posta turns to SMEs for new lease of life Wednesday April 13 2022 Postmaster-General Dan Kagwe. FILE PHOTO | NMG By BONFACE OTIENOMore by this Author Summary Postmaster-General Dan Kagwe told the Business Daily that Posta had struck a deal with the Small and Medium Enterprise [SME] Support Centre to offer logistic services … Read more