EconomyTop StoriesWestern nations urge Kenya to seek IMF review of corruption issuesGBO CorrespondentOctober 8, 2024 GBO CorrespondentOctober 8, 2024 Kenya's economy expanded by 4.6% year-on-year in the second quarter of 2024,...
Banking and FinanceTop StoriesKenya close to borrowing USD 1.5 billion from Abu DhabiGBO CorrespondentSeptember 30, 2024October 1, 2024 GBO CorrespondentSeptember 30, 2024October 1, 2024 It is predicted that the ratio will only slightly decrease to 65.6%...
Banking and FinanceTop StoriesThree banks exit, five enter Kenya’s oil import deal with Gulf majorsGBO CorrespondentJuly 26, 2024 GBO CorrespondentJuly 26, 2024 Equity Group, United Bank of Africa, Diamond Trust Bank, I&M Bank, and...
EconomyTop StoriesKenya President William Ruto proposes spending cuts after nationwide protestsGBO CorrespondentJuly 11, 2024 GBO CorrespondentJuly 11, 2024 Kenya President William Ruto finds himself torn between a beleaguered populace reeling...
Banking and FinanceTop StoriesTwo collapsed Kenyan banks up for wind-up, liquidation activitiesGBO CorrespondentJune 20, 2024 GBO CorrespondentJune 20, 2024 When bank failures in Kenya reached an all-time high, all nine of...
FinanceTop StoriesPayment of USD 976 million: IMF reaches staff-level agreement with KenyaGBO CorrespondentJune 13, 2024 GBO CorrespondentJune 13, 2024 The USD 3.6 billion IMF agreement that Kenya is currently party to,...
EconomyTop StoriesKenya President William Ruto welcomes American tech companies to open regional officesGBO CorrespondentSeptember 21, 2023September 20, 2023 GBO CorrespondentSeptember 21, 2023September 20, 2023 President William Ruto's administration approved the Finance Act of 2023, which instituted...
AviationTop StoriesKenya government faces heat as widespread blackout affects Nairobi Airport, national parksGBO CorrespondentAugust 31, 2023 GBO CorrespondentAugust 31, 2023 One of the backup generators at the facility, according to the airport's...
TechnologyTop StoriesCEO bats for TikTok ban in Kenya, writes to Parliament SpeakerGBO CorrespondentAugust 17, 2023 GBO CorrespondentAugust 17, 2023 The petitioner wants the house to intervene and take immediate action and...
CurrencyTop StoriesKenya Eurobonds fall sharply after Moody’s warningGBO CorrespondentAugust 9, 2023August 8, 2023 GBO CorrespondentAugust 9, 2023August 8, 2023 According to Moody's, Kenya will have 'substantial' debt-service obligations even after redeeming...