NCBA Group has named James Gossip as the new Managing Director of NCBA Bank Kenya PLC, marking a key leadership change in the bank’s operations. In a public notice issued on May 21, 2025, Group Company Secretary Kathryne Maundu announced that Gossip’s appointment took effect on May 12, 2025. She stated that the move follows […]
Muscat’s actual property market is picking up pace thanks to efforts to diversify the economic system and extra overseas funding in many areas. Integrated tourism complexes make it feasible for human beings to own property in different countries, assembling the developing demand for high-end houses that are additionally correct for the environment. Property values are […]
Bitcoin continued its rally on Thursday, hitting a brand new record high above $111,000. The price of the flagship cryptocurrency was last higher by 3% at $111,529.78, according to Coin Metrics. Earlier, it rose as high as $111,886.41. Unlike the fast rallies to new records long-time bitcoin observers are used to, it’s been a slow […]
The Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development has inaugurated an 11-member Transition Board to oversee major reforms at the Kenya Union of Savings and Credit Cooperatives (KUSCCO). The board will lead the transformation of KUSCCO into a modern National Cooperative Federation. It is expected to protect the interests of SACCO […]
May 19 (Reuters) – Diageo unveiled a plan on Monday to cut $500 million in costs and make substantial asset disposals by 2028, as the maker of Johnnie Walker whisky and Guinness beer looks to turn around its performance and reduce its debts. Cost cuts would come from changes to Diageo’s trade investment and advertising […]
Naivas Supermarket, one of Kenya’s largest retail chains, is facing escalating public criticism over food safety concerns as customers continue to report finding moldy and expired products on its shelves. These complaints persist despite Nairobi County’s order for temporary closure of all the supermarket’s outlets in the capital just last week. On May 14, Nairobi […]
President Donald Trump’s administration has unveiled a controversial plan that could siphon nearly Sh17 billion annually from money sent home by Kenyans living and working in the United States, raising concerns about the impact on families who depend on these vital financial lifelines. A draft bill proposed by House Republicans, officially titled the “One Great […]
The Finance Bill 2025 has been touted as taking a conciliatory approach following last year’s aborted bill that triggered deadly nationwide protests. But beneath its seemingly moderate exterior, financial experts are warning about several hidden tax measures that could significantly impact ordinary Kenyans—or “Wanjiku” as they’re colloquially known—from farmers to patients, digital loan borrowers, and […]
In what the Treasury describes as a watershed moment in the fight against corruption, the Kenya Revenue Authority (KRA) will gain unprecedented access to government suppliers’ bank accounts starting July 2025. This move comes as part of a comprehensive electronic government procurement system (e-GP) that aims to revolutionize how the state conducts business with private […]
Kenya Airports Authority (KAA) Acting CEO Nicholas Bodo faced intense questioning yesterday as parliamentary watchdogs demanded answers over the mysterious disappearance of vital land documents and alleged irregular allocation of public land at Malindi Airport to private entities. The National Assembly’s Public Investments Committee grilled KAA officials during a heated session on Tuesday regarding the […]
US President Donald Trump said Wednesday Qatar Airways had placed a “record” order for 160 planes from Boeing, as he signed a raft of deals in Doha alongside Qatar’s emir. The order, which the White House said was Boeing’s largest ever for wide-body jets, deepens ties between the US aerospace giant and the giant Middle […]
In the battle between economic interests and public health, Moses Kuria has thrown his weight behind profit. The senior economic advisor to President William Ruto has condemned the Nairobi County government for ordering the closure of Naivas Supermarket over health violations. Kuria believes the move is reckless and damaging to the economy. But critics say […]
