Treasury cancels Sh115bn Eurobond, eyes bank loans

Economy Treasury cancels Sh115bn Eurobond, eyes bank loans Friday June 10 2022 Ministry of National Treasury and Planning Cabinet Secretary Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG Kenya has canceled the issuance of a Sh115 billion ($ 1 billion) Eurobond and will instead borrow from a syndicate of banks after the Treasury received bids … Read more

Yatani suffers blow in higher beer taxes plan

Economy Yatani suffers blow in higher beer taxes plan Wednesday May 25 2022 Treasury Cabinet Secretary Ukur Yatani during a past briefing in Nairobi. PHOTO | DIANA NGILA | NMG By CONSTANT MUNDAMore by this Author Summary The Finance and Planning Committee of the National Assembly has recommended that the proposed excise duty on fruit … Read more

NSE wants agency to speed up listing of State companies

Capital Markets NSE wants agency to speed up listing of State companies Thursday May 19 2022 Nairobi Securities Exchange Chairman Kiprono Kittony. PHOTO | DENNIS ONSONGO | NMG By BRIAN NGUGIMore by this Author Summary The NSE, which has also been pushing for a scale-down of government ownership in listed companies and an increase in … Read more

IMF drops tough stance on Kenya’s fuel subsidy

Economy IMF drops tough stance on Kenya’s fuel subsidy Friday May 06 2022 Pump attendant fueling a vehicle at Total Petroleum Station on Kimathi Street in Nairobi on Wednesday, April 14, 2021. PHOTO | DENNIS ONSONGO | NMG By OTIATO GUGUYUMore by this Author Summary Kenya is on a 38-month IMF program, which has seen … Read more

Nicotine pouches ban puts at risk Sh2.5bn BAT plant

Companies Nicotine pouches ban puts at risk Sh2.5bn BAT plant Wednesday May 04 2022 The British American Tobacco (BAT) Kenya Industrial Area plant in Nairobi. FILE PHOTO | NMG By BRIAN NGUGIMore by this Author Summary BAT Kenya says the government’s ban on its nicotine pouches risks the viability of its Sh2.5 billion factory in … Read more