Our Top Business Stories Today!
Rich Kenyans are looking to buy second and third homes in Portugal, a shift from a previous rush to the UK and Dubai, as they seek to diversify their wealth and buy houses that promise higher returns while allowing them to get citizenship. — Read More
Communities living near parastatals put up for sale are in line to be allocated shares in a plan aimed at ensuring smooth privatization. — Read More
The price of Kenya’s maturing $2 billion (Sh306 billion) Eurobond has become volatile in the secondary market trading as investors angle for a potential premium when the government settles a $300 million instalment of the bond later this month. — Read More
Banks posted a 4.9% decline in pre-tax profit generated from the Kenyan market in the nine months ended September as loan defaults soared to levels last seen 16 years ago. Latest data from CBK shows the sector's pre-tax profit in the period dropped to Sh177.8 billion from Sh187 billion a year earlier, marking a rare occurrence for the industry that has generally been enjoying growth in profits. — Read More
European aerospace giant Airbus is eyeing Kenya as the base for its first earth station for high-altitude communication drones, opening the potential for up to 1,000 jobs for locals. — Read More
As the debate on whether large carbon emitters should be compelled to take responsibility and remit carbon offset payments to non-emitters continues to gather momentum across the globe, techies are taking the deliberation a notch higher by researching workable solutions. — Read More
Kenyan expatriates in Germany have surpassed Saudi Arabia as the leading source of remittances among the top five global markets, sending $148.19 million in the first 10 months of the year, a nearly 50% increase from the previous year, attributed to reduced inflation pressures. — Read More
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Pamela Nduku Mutua, the embattled managing director of the State-owned Kenya National Trading Corporation (KNTC), did not need to have a crystal ball to see her fate. A glance at KNTC's history would have forewarned her that the revival of the outfit, founded in 1965 to promote Jomo Kenyatta's Africanisation agenda, was likely to bring her into the spotlight, but probably for the wrong reasons. — Read More
Equity Group-backed medical franchise has raided top hospitals, including Nairobi Hospital and the Aga Khan Hospital, for top talent amid plans for 48 new clinics by June next year. — Read More
Betting firms are reducing payouts to gamblers, with data from the Betting Control and Licensing Board indicating a decline in payout ratios from 89.8% (Sh269.3 billion) in 2019 to 72.8% (Sh43.7 billion) in the previous year, making it more challenging for Kenyans to profit from the popular game of chance. — Read More
Other Top Stories
In the Lifestyle
Mary Njoki cherishes two things above all—thinking and God—while embracing the paradox of her name, which means "rebellion," a concept she holds dear as a holy trifecta in her life. — Read More
Four years ago, Robert Burale, who once considered golf a pastime for dull individuals, used to shoot in the 120s during occasional rounds with his friends. — Read More