Category: Economy&Finance
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M-Shwari has warned the public to stay alert for fraudsters who claim they can increase or influence loan limits. The financial service stresses that these claims are false and aimed at tricking unsuspecting customers. M-Shwari states that loan limits are set only by NCBA through a secure internal process. This process considers various factors to…
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The government of Kenya has dropped the mega Nairobi-Mombasa Expressway project. The Usahihi Expressway project was being backed by a firm from the United States known as Everstrong Capital. It was being touted as a landmark infrastructure project in Africa by a company from the United States. The Nairobi-Mombasa Expressway project was terminated after a…
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APRIL 15 – This year’s International Women’s Day served to highlight the fact that women in today’s hyper-connected world still face financial exclusion. Appallingly, estimates indicate that 2.3 billion working-age women do not have an account at a formal financial institution. It is also high on the policy agenda, with a wide range of supply-side…
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NAIROBI, Kenya, Apr 15 — Tullow Oil Plc has signed a major agreement to divest its entire Kenyan operations in a move that marks the company’s complete exit from the East African country. The deal, valued at a minimum of $120 million, was reached between Tullow’s wholly-owned subsidiary, Tullow Overseas Holdings BV, and Gulf Energy…
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NAIROBI, Kenya Apr 15 – Tullow Oil plc has signed a heads of terms agreement to sell its entire Kenyan portfolio to Gulf Energy Ltd for at least $120 million. The transaction, executed through its subsidiary Tullow Overseas Holdings BV, transfers Tullow Kenya BV—holder of all Tullow’s working interests in the country. The deal includes…
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NAIROBI, Kenya, April 14- The Central Bank of Kenya (CBK) has approved the acquisition of National Bank of Kenya Limited (NBK) by Access Bank PLC (Access) after the deal met regulatory requirements. The approval comes a few months after the National Treasury and Economic Planning Cabinet Secretary on April 10, 2025, pursuant to Section 9…
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The Kenya Maritime Authority (KMA) has given a seven-day ultimatum for the removal and disposal of a grounded barge off the Nyali coast in Mombasa. In a public notice dated August 11, 2025, KMA Director General Omae Nyarandi said the vessel, identified as COMARCO 3652, poses significant risks to the marine environment and navigation safety.…
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The price of maize, Kenya’s staple food, has surged to its highest level in nearly two years, driven by a significant drop in local production, delayed harvests, and mounting pressure from animal feed manufacturers. Despite the government’s intervention to ease pressure on the grain market through duty-free imports, the supply shortage continues to push maize…
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The Kenya Revenue Authority (KRA) has reaffirmed its commitment to strengthening partnerships with business communities across the country, following a high-level engagement today between the KRA Board and the Eastleigh Business District Association (EBDA). The strategic meeting, led by KRA Board Chairman Hon. Ndiritu Muriithi, brought together senior KRA officials and representatives of EBDA to…
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The European Investment Bank’s financial backing for IHS Group’s first green affordable housing fund in Kenya is yielding results. The bank’s development arm, EIB Global, had committed €21.5 million (3.2 billion Kenyan shillings) in equity financing to the IHS Kenya Green Housing Fund for the construction and acquisition of energy-efficient and affordable housing in Kenya.…