Most of these transactions are tied to foreign currency repatriation and supporting the liquidity needs of subsidiaries abroad.
Kenya serves as a major hub for expatriate workers due to its concentration of regional and international organizations.
CEO Betty Korir, despite her two decades of banking experience and previous accolades, faces mounting pressure from the board over her handling of the crisis.
The city contributes 27.5 percent of Kenya’s Sh16.2 trillion GDP, with a per capita GCP of Sh802,344 nearly three times the national average of Sh293,229.
The audit, conducted between March 17 and 21, unearthed not just financial irregularities but deeper structural rot.
A Kenyan High Court has frozen the bank account of Afriswiss Commodities Ltd following allegations of gold fraud involving a Dubai-based trading company, highlighting Kenya’s growing...
Lebanese Construction Firm’s Leadership Threatened With Imprisonment as Legal Battles Mount NAIROBI, Kenya – The directors of Lebanese construction giant Zakhem International Construction Limited are facing...
“Kenya Railways prioritises the safety of our passengers. We apologise for any inconvenience caused.”
Kenya Electricity Generating Company (KenGen) Acting General Manager for Supply Chain Vincent Mamboleo finds himself at the center of a procurement storm after endorsing a controversial...
NAIROBI, Kenya July 5 – The Board of Management of the Kenya Hospital Association, which runs The Nairobi Hospital, has announced a change in leadership, confirming...
A new remittance tax threatens to upend the financial lifeline that over 100,000 Kenyans in America provide to their families back home NAIROBI, Kenya – In...
Competition Authority launches probe into claims of market dominance abuse by global shipping giants The Competition Authority of Kenya (CAK) has launched a comprehensive investigation into...
Industry analyst Fauz Khalid, warned that the Supreme Court’s decision would have serious economic consequences for Kenyan consumers.
The government had argued that the second facility was necessary to end Jaffer’s monopoly and enhance food security through diversification.
While Zakhem received full payment from KPC, it only transferred Sh840 million to Azicon, leaving a balance of Sh537.3 million (approximately $4.16 million), which the Kenyan...
Nairobi businessman Chris Obure has secured a significant legal victory in a contentious property dispute over Senteu Plaza, a building he claims to have paid Ksh...
In the corridors of power in Kenya, few names have oscillated between privilege and peril as dramatically as Humphrey Kariuki Ndegwa. The billionaire businessman, once a...
Access Bank Kenya is embroiled in a high-stakes legal battle with a longtime client, Shipside and General Services Ltd, a Mombasa-based clearing and forwarding firm, over...
Kenya is set to host the third Kenya Blockchain and Crypto Conference, which will take place from June 12 to 13, 2025, in Nairobi. This comes...
The crisis extends far beyond Nairobi’s borders. Countrywide, approximately 60,000 matatus and buses operate daily, earning an estimated Sh900 million.
