Kenya has provided a 4.2 billion shilling ($40 million) loan to loss-making Kenya Airways , the country's finance minister said, while African Export-Import Bank (Afreximbank) has approved a $200 million bridging loan for the airline.
Kenyan insurer Jubilee Holdings posted a 16 percent rise in pretax profit for the first six months of this year, boosted by increases in life and medical insurance premiums.
The government will not inject its proposed KES 60 billion bailout for the ailing Kenya Airways (KQ) until the airline management is fully restructured.
Kenya's domestic debt has declined to 13.5 billion U.S. dollars as government slows down borrowing from the public, new data from theCBK shows.
01 September 2015, 09:13
UAE investors’ delegates visiting Mombasa have hailed Kenyan tea as the best in the world.
01 September 2015, 08:09
Seven petitioners want the National Assembly to amend the Constitution to bar the Central Bank of Kenya (CBK) from removing portraits of former Presidents on Kenyan currency.
31 August 2015, 20:35
Kenya's Uchumi Supermarkets said its earnings for the year ending in June will fall at least 25 percent compared with the previous year.
31 August 2015, 18:08
A fall in Kenyan food prices slowed inflation to 5.84 percent year-on-year in August from 6.62 percent in the previous month, the statistics office said.
31 August 2015, 14:01
Spain arrests US businessman charged in Sierra Leone 'blood diamonds' case.
28 August 2015, 17:17
Kenya Airways has partnered with International Air Transport Association (IATA), Kenya Wildlife Service and global conservation organization, Freeland, to curb smuggling of wildlife products through commercial airlines.
28 August 2015, 09:23
Oil marketer Total Kenya said its first-half pretax profit dropped by 14 percent due to inflation and volatility in international oil prices.
26 August 2015, 18:27
Hotelier TPS Eastern Africa said it had signed a $20 million loan agreement with French development institution Proparco, to support the refurbishment and redevelopment of its properties in Kenya.
25 August 2015, 18:51
East African Cables, which makes cables for the utility and telecoms industries, reported a loss of 97.6 million shillings ($941,176) for the first six months of 2015, citing disruptions to output as it upgrades a factory in Kenya.
24 August 2015, 17:04
Get Started: Number of businesses owned by minority women soars in latest Census count.
24 August 2015, 09:47
Kenya Tea Development Agency (KTDA) has commissioned a hydro power project at Mathioya, Murang’a County aimed at cutting the cost of energy in tea production at four local factories.
21 August 2015, 20:41
The Kenyan shilling gained against the dollar on Thursday but was seen vulnerable from the side-effects of a global rout of emerging market currencies. Shares fell.
20 August 2015, 20:47
Telecoms regulator CAK says that new regulations to prevent large firms abusing their dominant position in the sector are not targeted at Safaricom, the country's biggest operator, or any other company.
20 August 2015, 07:24
Kenya's tourism industry is projected to defy threats of terror and record growth during the second half of the year.
19 August 2015, 20:32
NIC Bank increased lending in the first half to boost its pretax profit 10 percent from a year earlier to 3.2 billion shillings ($31 million), it said on Wednesday.
19 August 2015, 20:32
The Kenyan shilling weakened on Wednesday on dollar demand from various sectors but was expected to remain a range through the week, traders said.
19 August 2015, 13:08
The Mombasa Port is set to benefit from the expansion of berth number 19 following the arrival of the biggest ever cargo ship from Singapore, MV Clemens Schulte, that is set to sail into the Kilindini harbour.
19 August 2015, 09:37
Mumias Sugar expects profit to fall by more than a quarter in its financial year to end-June due to a shortage of sugar cane and routine breakdowns at its plant.
18 August 2015, 18:09
Finance Minister Henry Rotich has promised further steps, including cutting the budget deficit, to stabilize the Shilling after a 12 percent fall against the dollar so far this year.
18 August 2015, 13:59
Giant Courier firm DHL Express put a smile on children at St Therese development center by donating a state of the art playing unit to the institution that is located at Naivasha, Nakuru County.