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Business

Cabinet Approves Sh199.9 Billion Extra Spending Amid Budget Deficit Concerns

NAIROBI, Kenya - The government has approved an additional Sh199.9 billion in spending under the second supplementary budget, surpassing the revenue shortfalls it reported...

Co-op Bank Slashes Lending Rates, Setting the Pace for Cheaper Loans

NAIROBI, Kenya – In a move that’s bound to shake up the banking sector, Co-operative Bank Group has cut its base lending rate by...

Sylvia Mulinge: From Safaricom to MTN Uganda’s Top CEO

NAIROBI, Kenya – Since stepping in as CEO of MTN Uganda in 2022, Sylvia Mulinge has been on a mission—one that’s turning the telecom...

CPF Partners with Everstrong Capital to Raise $1 Billion for Nairobi-Mombasa Expressway

NAIROBI, Kenya - CPF Capital & Advisory Ltd., a subsidiary of CPF Group, has signed an agreement with U.S.-based infrastructure investment firm Everstrong Capital...

CBK Slashes Lending Rate to 10.75pc in Bid to Boost Credit Growth

NAIROBI, Kenya - The Central Bank of Kenya (CBK) has cut its benchmark lending rate by 50 basis points to 10.75 percent, signaling an...

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