How Kuscco top bosses siphoned Sh580m annually

CS Chelugui said has disbanded the union's entire board over questionable financial dealings.

  1. KRA collected a paltry Sh354m in taxes from Covid-19 billionaires

    Taxes realised from 851 importers who supplied 431,614 COVID-19-related items to Kemsa between March 2020 and July 2020.

  2. State House is top beneficiary of Sh70bn budget

    Presidency received Sh5.86 billion or 56.5 percent of the total budget of Sh9.84 billion.

    William Ruto
  3. Ruto’s borrowing rises to Sh62.1 million an hour

    Report details that state borrowed Sh1.5 billion a day in new loans.

    William Ruto
  4. PREMIUM The burden of ‘budgeted graft’ on Kenyan taxpayers

    Watchdog reports continue to lay bare the wanton wastage and brazen looting that is enriching a few elites and burdening a majority with punitive taxes.

    money kenya shillings bag
  5. The West pledges help for Kenya after being listed as conduit for dirty cash

    Kenya was last Friday placed among 23 countries in a list of shame known as the ‘grey list’.

    Njuguna Ndungu
  6. Shilling falls to new low of Sh160 to the dollar

    Currency dealers say dollar demand from the energy and manufacturing sectors has put pressure on the shilling over the past week.

  7. Vicious fight erupts over Sh800m at Ecobank

    Kiwipay (K) Ltd locked in a court battle with four foreign firms.

    Eco Bank
  8. PREMIUM Kenya’s Eurobonds cross Sh1trn mark

    Kenya has six outstanding international sovereign bond issuances with maturities spread between 2024 and 2048.

  9. PREMIUM Coming soon: Better dollar rates for firms

    The introduction of the electronic platform is part of reforms that the CBK has been rolling out to improve the functioning of the forex market.

    The Central Bank of Kenya, Nairobi. 
  10. PREMIUM New Bill sets out to protect borrowers and guarantors

    Bill provides for full disclosure of information by a lender to a potential borrower and guarantor before giving the loan.

    Loan agreement
  11. PREMIUM Free fall? Shilling breaches 150 mark against the dollar

    In comparison to other regional currencies, the shilling loss against the dollar this year stands out.

    Kenyan currency notes
  12. Rubis bags second Sh1.8bn KPLC fuel contract

    The project will be funded by the Agence Française de Développement (AFD)

  13. How Israel-Hamas war will hit Kenya

    The war between Israel and Palestinian group Hamas is set to hit Kenya with fresh economic pain.

  14. Middle East conflict lifts NSE gold prices to new high

    The price of gold exchange-traded funds at NSE has jumped to a new historical high of Sh2,840.

  15. Revealed: Mandate of KRA revenue assistant

    Tax authority outlines key roles of Revenue Service Assistants.

    KRA Times Tower
  16. Shilling likely to tumble further

    Low foreign exchange inflows and high global interest rates could see the shilling continue to lose ground.

  17. Treasury needs additional Sh140bn to pay salaries

    President Ruto has repeatedly said he will not borrow to finance recurrent expenses.

    Njuguna Ndung’u
  18. PREMIUM The waning shilling

    For the second year running, the shilling has shed nearly 30 per cent of its value against the US dollar since the start of 2022.

  19. Kenyans to go through banks for forex over $100,000 — CBK

    Central Bank of Kenya data shows shilling exchanged at an average of 146.49 units to the dollar on Wednesday.

  20. CDSC boss Nkoregamba Mwebesa resigns

    Chief Finance Officer Jesse Kagoma takes over the CEO post.

    Nkoregamba Mwebesa
  21. Kenya’s Sh2,800 per second betting market rivals NSE

    Kenyans staked a record Sh88.5 billion through online bets in the full year to June 2023.

  22. Why you should not hold breath on new NSE listing

    Mechanisms laying ground for sale of 10 State entities take longer than expected.

    Nairobi Securities Exchange
  23. PREMIUM Listings drought at NSE: What ails Kenya’s capital markets?

    Companies seeking to raise funds have found alternative avenues to the capital markets, starving the NSE.

    Nairobi Securities Exchange
  24. Interbank lending rate now surges to 8-year record

    The 14.84 per cent on July 27, 2023, is the highest since October 7, 2015.

    Central Bank of Kenya
  25. Financial firm Mogo Kenya hits 100,000 customer milestone

    Company reaffirms commitment to providing flexible loan products for cars and motorbikes.

    Mogo Kenya
  26. Restructured MSME loans dip on economic recovery

    Central Bank of Kenya survey shows 6,572 small firms loan facilities were affected last year

    Financing SME
  27. Rwanda tops profit earnings for Kenyan banks

    Rwanda contributed the highest earnings capacity recording Sh10.16 billion in profits for Kenyan banks.

    graphic profitability kenyan banks rwanda
  28. M-Kopa raises $250m to scale high-impact business in Africa

    With the new funding, the business aims to grow its smartphone services.

  29. Kenya seeks more money from IMF

    IMF kicks off its mission in the country this week.

    President William Ruto meets with IMF Managing Director Kristalina Georgieva