Business
Kenya, IMF set to resume funding talks in February
The upcoming visit from IMF staff comes after a challenging 2025, when Kenya terminated a multi-year programme with the lender in March, prompting a tough response from the fund.
Business
Business
Treasury targets over 80% local financing to reduce external debt risks
Raphael Owino, Director General of Public Debt Management at the National Treasury, said the government plans to gradually reduce reliance on Treasury bills while increasing medium and long-term securities.
Business
Court sets 30-day deadline to clear local rice before imports
Justice Edward Muriithi of the Kerugoya High Court made the ruling while approving the phased importation of 254,000 metric tonnes of duty-free rice. The decision aims to protect domestic farmers while meeting...
Business
MPs demand clarity over Vodacom share deal and fund usage
The Sessional Paper 3 outlines plans to sell six million Safaricom shares to Vodacom at Sh34 per share, representing a 23.6 per cent premium over the six-month average price ending December 2, 2025. Following t...
Technology
India weighs age limits on social media to tackle digital addiction
The call was made on Thursday during India’s annual economic survey, a key policy document that often shapes debates within Prime Minister Narendra Modi’s administration.
Business
KPA reports record cargo growth in 2025
According to data released on Thursday by the Authority, the Port of Mombasa handled 45.45 million metric tons of cargo between January and December 2025, representing a 10.0 percent increase compared to 40.99...
Business
Ethiopia unveils automated interbank FX market to strengthen transparency
The platform, operated through the Ethiopian Securities Exchange (ESX) Automated Trading Platform, allows commercial banks to trade foreign currency via real-time competitive bidding under strict oversight by t...
Technology
Tesla profits slide as costs rise and AI spending grows
Tesla’s revenues also declined, falling 3.1 percent to Sh3.2121 trillion. The company said the drop was driven by softer demand for vehicles alongside higher operating expenses.
Technology
WhatsApp strengthens chat privacy to fight scams and data leaks
Cyber threats targeting messaging platforms have surged in recent years, with fraudsters using WhatsApp to impersonate contacts, send malicious links, or trick people into sharing passwords and financial detail...
Business
Moody’s lifts Kenya credit rating to B3 as default risks ease
Moody’s has upgraded Kenya’s sovereign rating to B3 with a stable outlook, citing stronger reserves, improved external liquidity and lower default risk, signalling renewed confidence in Kenya’s economic managem...
Technology
Amazon confirms 16,000 new layoffs as AI push reshapes jobs
Amazon will lay off 16,000 more employees in its second major cut in three months, as it streamlines operations and reallocates resources to AI-driven innovation and strategic hiring.
Business
South African Airways takes lead in Africa for on-time flights
Ethiopian Airlines has experienced a steady decline since 2023. In 2022, it ranked first in Africa and sixth in the Middle East and Africa region, achieving 77 percent of flights on schedule.