Category: Economy&Finance
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NCBA Bank’s leadership team hit the road in Central Kenya last week, reaffirming its commitment to customers and communities while driving growth in the region. From September 19, NCBA Kenya Managing Director James Gossip, accompanied by senior leaders Jane Ng’ang’a (Head of Branches) and Jacquie Muhati (Head of Brands), embarked on a tour that spanned…
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There has been endless debate in offices, WhatsApp groups, and Twitter spaces about whether Money Market Funds (MMFs) are investments. Let’s be clear: the best way to cut through the noise is to separate saving from investing. Too many Kenyans confuse the two, and that’s why they mismanage their money. If you put KSh 100,000…
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During the ceremony organized by the Cereal Millers Association in partnership with TechnoServe under the Millers for Nutrition initiative, 26 millers and 113 brands producing wheat flour, maize flour, and edible oils were recognized. Collectively, these firms control 67% of Kenya’s wheat flour market, 55% of maize flour, and 48% of edible oils—making them a…
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MCAs pocketed Ksh1.5 billion on sitting allowance, CoB report A recent report by the Controller of Budget has revealed that Members of County Assemblies across the country pocketed a total of Ksh1.57 billion in sitting allowances in the 2024/2025 financial year. The report, titled ‘County Governments Budget Implementation Review Report (BIRR) for August 2025’, claimed that…
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Siaya County posts lowest performance in own-source revenue Siaya County recorded the lowest own-source revenue (OSR) performance among all counties in the 2024/2025 financial year, the Controller of Budget (CoB) has reported. The county, led by Governor James Orengo, managed to collect only 47 per cent of its revenue target. During the period, Siaya generated…
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Kenya Power and Lighting Company (KPLC) has notified its pre-paid and post-paid customers of an oncoming payment disruption. Kenya Power and Lighting Company (KPLC) has notified its pre-paid and post-paid customers of an oncoming payment disruption. On Friday, September 19, Safaricom announced a scheduled system upgrade that would temporarily interrupt its flagship mobile money product…
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President William Ruto, during the launch of the SHA sponsorship to the vulnerable at State House, Nairobi, on September 19, 2025. (Photo: PCS) The Rural Private Hospitals Association of Kenya (RUPHA) has raised concerns over President William Ruto’s rollout of the Social Health Authority (SHA) indigent cover for poor and vulnerable households, warning that the…
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Controller of Budget Margaret Nyakang’o. (Photo: Office of The Controller of Budget) Controller of Budget Margaret Nyakang’o has faulted the 47 counties for failing to curb ballooning revenue arrears amounting to Sh124.95 billion, warning that weak enforcement and political waivers are undermining service delivery. In her report for the 2024/2025 financial year, Nyakang’o said the…
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CBK Governor Kamau Thugge before the Senate Standing Committee on Devolution and Intergovernmental Relations at Bunge Towers, Nairobi on July 24, 2025. (Photo: Senate) Following rising concerns over cyber threats targeting financial institutions, the Central Bank of Kenya has launched a Banking Sector Cybersecurity Operations Centre (BS-SOC) to enhance the sector’s resilience. In a statement…
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Nairobi, September 21, 2025 – Equity Bank has once again stamped its dominance in the banking sector’s sporting arena, clinching the overall title at the 2025 Interbank Games for the third year running. Kenya Commercial Bank (KCB) followed in second place with 6 golds, 9 silvers, and 4 bronzes. This marks the 12th time Equity…