Business Daily
Economy, business and markets news, analysis and data from Kenya and Africa.
CBK reserves hit four-year high on IMF funds, dollar purchases
Nov 11, 2024 · The reserves now stand at their highest level since the opening week of October 2021, when the cover stood at Sh1.210 trillion ($9.365 trillion).
Economy - Business Daily
Latest news and analysis on Kenya's economy and Africa, including economic policy and trade.
Markets & Finance - Business Daily
Sep 29, 2011 · PRIME Kenya attracts Sh117.8bn in new investments, surpassing target Dec 10 - 5 min read Jamie Dimon charts JPMorgan expansion plan into Africa Oct 16 - 2 min read PRIME Banks’ eight-month ...
Mombasa port shrugs off Tanzania threat with double-digit cargo …
Jan 8, 2025 · The Port of Mombasa has posted a double-digit growth in volume of cargo, pointing to improving efficiency amidst renewed growth in imports of machinery. Official data shows eastern Africa’s ...
Kenya Toyota dealer buys out Michelin’s stake in tyre firm
3 days ago · The deal with Michelin is part of CFAO’s strategic expansion into new markets, leveraging synergies and footprint advantages, and enhancing the distribution network to reap the economies of scale.
End of an era as Base Titanium ends Kenya operation
Dec 30, 2024 · It was this expansion of the mining area that allowed the company to extend the life of the operation to the end of 2024, having previously projected that the operation would shut down in October ...
Access Bank boss exits amid ongoing Sh13bn NBK buyout
Oct 21, 2024 · “We are at regulatory approval level. We filed both with the CBN and the CBK. We have received some feedback from them and responded. We are expecting the no objection to come anytime.
Landlords face losses as State plans own offices
3 days ago · The plan to build new office buildings comes with the risk of cost overruns and delayed completion times as was the case with Bunge Towers which was constructed for Sh9.2 billion over 14 years.
KCB Group CEO Paul Russo: Hard decisions are now paying back
Nov 21, 2024 · KCB Group announced a 49 percent growth in net profit to Sh44.5 billion in the nine months of trading ended September 2024. CEO Paul Russo spoke to Business Daily on what has put subsidiaries on a ...