Category: Economy&Finance
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Image: K24 station´s logo Mediamax Network Limited has announced another major round of layoffs — its sixth in just four years — as part of a sweeping restructuring effort aimed at streamlining operations amid mounting economic pressures. The media conglomerate, which operates K24 TV, People Daily, and radio stations such as Milele FM and Kameme…
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Kenyan forex trader Sammy Boy has revealed the scale of his biggest financial setback — a staggering loss of about Ksh 18 million — but says he remains fully committed to the high-stakes world of trading. Speaking to Dr. Ofweneke on TV47 Kenya, the 27-year-old recounted how the loss, which wiped out his entire savings,…
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Global equity markets edged closer to record highs as investors adopted a cautious but optimistic stance ahead of a high-profile meeting between US President Donald Trump and Russian President Vladimir Putin. The anticipated discussions, which are expected to touch on global security, energy policy, and economic cooperation, have injected fresh uncertainty and intrigue into global…
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A key investor in the Mombasa–Nairobi Expressway project has withdrawn from the ambitious infrastructure plan, with emerging reports suggesting links to shifting geopolitical and commercial dynamics involving China. The abrupt exit of the international partner has cast uncertainty over the future of the proposed multi-billion-shilling highway, which was expected to ease congestion on the current…
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FILE PHOTO: A teller handles U.S. dollar banknotes and Kenya shilling banknotes inside the cashier’s booth at a forex exchange bureau in downtown Nairobi, Kenya, February 16, 2024. REUTERS/Thomas Mukoya/File Photo Today, the Kenyan shilling maintains a firm footing against a wide range of global currencies, underscoring the currency’s persistent stability amidst varying international economic…
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The Nairobi Securities Exchange (NSE) reported a dynamic trading session today, marked by a modest uptick in the overall market and a noticeable increase in investor participation. The NSE All-Share Index (NASI) rose by approximately 0.27 percent equating to a 0.35-point gain which helped lift the market’s total capitalization to around Ksh 2.02 trillion. This gain…
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The Kenyan government has initiated steps to harmonise county-level levies and fees with the East African Community (EAC) Common External Tariff (CET) and related trade protocols, in a move aimed at enhancing regional trade efficiency and reducing non-tariff barriers that hinder cross-border commerce. This alignment effort is part of broader reforms designed to facilitate the…
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Kiharu MP Ndindi Nyoro speaks during the graduation ceremony at Gorgeous Technical Institute, Thika Town, Kiambu County, August 15, 2025. /NDINDI NYORO/X Kiharu MP Ndindi Nyoro has ridiculed Epra’s latest fuel price review as inconsequential to Kenyans who are already burdened by the high cost of living. The Energy and Petroleum Regulatory Authority on Thursday…
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Dahabshil Chief Executive Officer Abdirashid Duale (center) with officers at Berbera port The Port of Berbera has received the largest fuel tanker ever to dock at the port, marking a significant milestone for this strategic gateway. The shipment, delivered by Horn Petroleum, was stored at the East Africa Storage Terminal, part of the Dahabshiil Group.…
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EPRA announces new prices The Energy and Petroleum Regulatory Authority has reduced the maximum retail prices of two petroleum products by Sh1 per litre for the month beginning August 15, 2025, while leaving diesel unchanged. The authority published the review on August 14, 2025, stating the revised prices will apply from August 15, 2025 to…