South Africa’s Absa Group has failed in the bid to increase its stake in Absa Bank Kenya to as much as 85 percent through a tender offer worth about $238 million (Sh30.8 billion). The group says it ...

The bank has a loan book of Sh60.5 billion, with government securities being the bulk of its assets at Sh148.3 billion.

The dividend payouts have emerged as an important source of liquidity for individuals and businesses in an economy that is still grappling with costly credit and shrunken payslips. Shareholders of ...

Businessman John Ngumi’s fight against the anti-graft agency's continued investigation of the Sh6 billion Telkom Kenya sale deal has shifted to the Anti-Corruption and Economic Crimes court. The ...

A parliamentary committee has proposed a reduction of the fuel pricing components subject to Value Added Tax (VAT) in a bid to help lower pump prices, especially whenever global costs of refined fuel ...

Joachim Mwangi, 38, works as a truck driver in Ohio, United States, hauling general freight across the country in an eighteen wheeler. Martin Tetu has rarely stayed in one place for long. After ...

Runway 07 has been temporarily shut for about seven months to allow for upgrades, with airlines reverting to runway 14/32, which is approached through the Kibera-Nyayo Highrise route.

President William Ruto’s government has failed to meet the legal threshold for development spending for the fourth consecutive year, highlighting persistent underinvestment in projects that support ...

KCB Bank has been allowed to place apartment blocks owned by Northcote Business Centre under administration to recover defaulted $16 million (Sh2 billion) loans. Northcote borrowed the sums from ...

Bar owners want Parliament to stop the ongoing public participation exercise on the Tobacco Control (Amendment) Bill, 2024, and expand it beyond Nairobi, even as they oppose several provisions they ...

Pension schemes have increased their bets on quoted equities, moving billions of shillings from government securities to the Nairobi Securities Exchange (NSE) amid rising share prices and falling bond ...

When the Kwale lands court conducted a site visit to a 10-acre parcel in Diani on February 28, 2025, the judge was looking for signs of decades-old occupation by four families as claimed in a case ...