The Central Bank of Kenya (CBK) has confirmed that bank employees will no longer enjoy cheap bank staff loans or preferential loan rates under the new transparent credit pricing framework, set to take effect in September 2025. This marks a significant shift in Kenya’s banking sector, where staff loans have traditionally been offered at lower […]
Kenya Airways (KQ)’s financial position is once again in turmoil after reporting a half-year net loss, driven by a combination of operational challenges, rising costs, and a shortage of critical aircraft spare parts. Despite unveiling a bold recovery strategy earlier this year, the airline’s results highlight the steep climb it faces to return to profitability. Mounting […]
Major Infrastructure Drive to Boost Connectivity in Kenya The Kenyan government has announced a bold new initiative to expand internet access across the country, promising to roll out 100,000 kilometers of fiber optic cable and establish 25,000 digital hotspots nationwide. This strategic move aims to bridge the digital divide and enhance connectivity for millions of […]