Category: Business
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The MGM Muthu Hotels, a European hospitality conglomerate, is a popular name in the Kenya’s hospitality sector. The group owns some of the country’s most popular hotels, including Lake Naivasha Country Club, Keekorok Lodge in Masai Mara, and Nyali Beach Hotel and Spa in Mombasa. MGM Muthu Group was founded by Dr. Manuel Gnana Muthu…
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President William Ruto. PHOTO/Agencies/Elizabeth Frantz/Reuters The debt problem in Kenya appears to be ballooning at an alarming rate. Over the past three years, Kenya’s public debt has been on a steady rise. Last week, the public debt crossed the Sh12.1 trillion mark with domestic debt now standing at around Sh6.566 trillion and external debt standing…
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A four-bedroom maisonette house plan. Image/HPD Consult Homeownership can be exciting, and it’s actually most people’s dream, given the convenience and security it comes with. While the path to homeownership can often be challenging, particularly when it comes to financing, it is recently becoming easier than before due to the increasing mortgage facilities designed for…
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Mouth-watering dividend payments cheques have been doled out to shareholders. With the third quarter earnings season at its tail end, savvy investors at the Nairobi Securities Exchange (NSE) who were in for dividends harvest are cashing out. Most are training their eyeballs on book closure dates. This determines when to sell or how long to…
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A Co-operative Bank branch in Kenya. [Photo/ Taalamu] Co-operative Bank Group is enjoying one of its strongest runs at the Nairobi Securities Exchange in nearly a decade. Its stock closed at Ksh 20.30 on Friday, just shy of the record Ksh 20.50 it last touched in 2016. That rise means the bank’s shares have gained…
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[Photo/Courtesy] When the Kenyan government launched the eCitizen platform in 2014, the promise seemed simple: bring services closer to the people through one digital window. Ten years later, the portal has evolved into the country’s primary revenue collection system, a backbone of transparency, and an unlikely champion in the war against corruption. Figures from the…
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A local artificial intelligence firm, Akili AI, believes that the Kenyan financial sector is ripe for disruption as the world adapts to cutting-edge technology. The firm believes AI will help Kenyan banks and financial outlets redefine competition, profitability, and customer engagement. Simon Bransfield-Garth, the CEO of Akili AI, a company driving the adoption of artificial…
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COTU Secretary General Francis Atwoli speaks on Citizen TV’s JKLive show on November 27, 2024. The Central Organisation of Trade Unions (COTU-K) has opposed the Business Laws (Amendment) Bill, 2024, stating that the proposed law may jeopardise the hard-won constitutional rights of Kenyan workers, particularly those employed in the digital economy and technology industries. The…
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Kenya demonstrated its commitment to continental integration at the Intra-African Trade Fair (IATF) 2025 in Algiers this week, with senior government officials outlining ambitious infrastructure and policy initiatives designed to boost regional trade under the African Continental Free Trade Area (AfCFTA) framework. Deputy President Kithure Kindiki, leading Kenya’s high-level delegation alongside National Assembly Speaker Moses…
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At the heart of North Africa, during the recently concluded Intra-African Trade Fair (IATF) 2025 in Algiers, Kenya emerged not just as a participant but as a visionary. With the theme of African unity through trade resonating across the summit halls, Kenya took center stage, unveiling a bold, pragmatic vision aimed at accelerating intra-continental commerce,…