An employee checks dollar bills inside a money changer. Photo/REUTERS

The Big Story

LATEST NEWS: Banks to feel profit pressure as cost of funding rises

Posted 3 days ago

Rising cost of funds is the biggest risk facing Kenyan banks in 2012, analysts say, as banks pay high interest rates to access deposits to lend out to customers....

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News

Attorney General Githu Muigai(inset left). His office wants deal held back pending resolution of two court cases. Investment Secretary Esther Koimett (inset right) says Government will acquire 40pc stake in exchange for 10-year banknote contract

AG blocks monopoly licence to print money

Posted 5 days ago

Controversial deal in which Kenya govt will swap 10-year currency printing contract for a 40 per cent share in De La Rue’s...

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News

Details of the high-stakes negotiations before Kenya signed a 400MW electricity deal with Ethiopia two weeks ago are emerging, revealing that Nairobi managed to talk down the initial charges proposed by Addis Ababa as too high.

Nairobi, Addis in landmark 400MW power purchase deal

Posted 5 days ago

The hook-up will serve as a model for EA Power Pool...

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News

Marines arrest suspected pirates in the Gulf of Aden. The proceeds of piracy have generated broad economic benefits in parts of Somalia, giving local residents and political leaders incentives to allow high-seas hijacking to continue, suggests a new study by a London-based think tank.. Photo/REUTERS

Piracy driving economic boom in Somalia

Posted 5 days ago

“A deep-rooted culture of sharing” leads Somali pirate chiefs to spread ransom payments broadly ...

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News

A soldier stands next to the infrastructure of a field processing facility in Unity State, South Sudan. Photo/AFP

South Sudan accuses Khartoum of ‘looting’

Posted 5 days ago

Plans by South Sudan to build an alternative pipeline through Kenya are expected to acquire fresh urgency in coming weeks as...

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Business

Some merchandise available at a Deacons shop. Photo/FILE

Deacons shops for male buyers as it lists at the NSE

Posted 5 days ago

The firm wants to tap into the region’s growing middle class to grow sales in the face of increasing competition from...

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News

Bank of Uganda headquarters in Kampala. In a statement released on Thursday the bank dismissed allegations that it had printed money to fund the campaigns for the 2011 elections for the ruling National Resistance Movement party (NRM) — a situation that some opposition politicians say is responsible for the current inflationary pressures. . Photo/FILE

Bank of Uganda denies printing money for NRM

Posted 5 days ago

It dismissed allegations that it had printed money to fund campaigns for the 2011 elections for the ruling party...

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