Banks will record major profit declines and stock value depreciations this year should rates be capped or significantly cut because interest income accounts for the bulk of their revenues, analysts project.
The development of Kenya’s Standard Gauge Railway line will not be affected by Rwanda’s or Uganda’s decisions to change route to Tanzania at expense of Mombasa, Kenya Railways Corporation said yesterday.
INTERIOR Cabinet Secretary Joseph Nkaissery says the woman whose body was found buried in a shallow grave in Mandera’s Lathe village may have been killed by her al Shabaab accomplices. Nkaissery who denied that there were any mass graves, said Isnina Musa Sheikh was an al Shabaab cook in the militants’ Bulla Hawa camp when […]
Uhuru and Ruto unveiled their slogan “Tuko Pamoja ” at the 2012 Afraha rally. That slogan was then officially adopted by party at a meeting in State House in December 2015. That meeting also decided to change the name from Jubilee Alliance Party to the simpler Jubilee Party.
President Uhuru Kenyatta yesterday ignored forceful advice from Finance minister Henry Rotich and Central Bank Governor Patrick Njoroge and signed the mass-appeal law capping interest rates. He called banks insensitive.
Parliament’s Budget Committee has called an emergency meeting this morning to discuss a cash crisis in the government. Star business writer Constant Munda sheds more light on the genesis and the possible remedies of the cash crunch.
Voting for the US presidential election is drawing to a close in a historic race pitting front runner candidates Donald Trump against Hillary Clinton . Security Advisory Services consultant Andrew J. Franklin explains the electoral process and the implications of the outcome on the African continent.
Interior Cabinet Secretary Joseph Nkaissery has directed all county commissioners and county police commanders to arrest politicians who spread hate speech. Nkaissery yesterday warned that cases of political incitement and negative ethnic mobilization are likely to increase as the country prepares for the 2017 general election.