Stanbic Bank Stories
The lender attributes the growth to stronger sales and an improving economic environment, which encouraged firms to step up purchasing and production.
Saudi Arabia rolled out the skill-based work permit system in mid-2025, with reclassification of existing workers beginning June 18 and new arrivals c...
Production capacity in major exporting countries remains constrained, and although shipping and energy costs are easing, they have not dropped enough...
Kenya and eight partner countries are embedding climate resilience into their health systems through a World Bank–funded regional programme aimed at c...
Despite Migori’s strong start, Equity struck first in the 28th minute after a defensive lapse allowed George Kamau to pounce and slot home from close...
The report also highlights Kenya's continued appeal as a technology and innovation hub, pointing to major investments by global giants such as Google,...
The report, which covered 36 banks and microfinance institutions, showed that for every Sh100 profit, the exchequer collected Sh38.50 in taxes.
According to the findings, most firms still have unused capacity, allowing them to respond to surging demand without making large new investments.
The HEST II project is expected to benefit over 20,000 students, including 8,000 young women, and generate about 5,000 direct and indirect jobs in the...
While the sector’s share of total tax receipts slightly declined from 8.78 per cent in 2023, it remains a substantial contribution given that it origi...
Similar to the general population, the report highlights that extreme poverty among children is increasingly concentrated in Sub-Saharan Africa and pl...
According to the report, released on Tuesday by global identity verification firm Sumsub and Statista, Kenya performed slightly better than its region...
The report notes that the CBK recruited managers who did not fully meet the mandatory experience or service period requirements.
A new CBK survey shows none of the firms in the sector plans to hire new workers in 2025, raising questions over the government’s affordable housing p...
Under current arrangements, CBK charges 1.5 per cent commission on funds raised through Treasury bills and bonds, with a cap of Sh3 billion per year.
Kenya’s upgraded forecast comes amid signs of recovery in key sectors such as agriculture, services, and construction, as well as improving investor s...
With large debt-service payments looming in early 2026, the current cushion offers the government greater breathing room to plan repayments without pu...
CBK this month lowered the base lending rate to 9.25 per cent from the previous ceiling of 9.5 per cent, marking the eighth consecutive reduction.
The lender notes that the improved transaction timelines will allow businesses to operate more efficiently and respond swiftly to changing market dema...
According to a note seen by Reuters and confirmed by the UN, no fuel or gas will be allowed into Gaza except for specific humanitarian infrastructure...
The appeal comes as many developing nations struggle with high interest rates, currency depreciation, and worsening climate shocks — factors that have...
In its latest edition of Africa’s Pulse report, the lender reckoned that wage jobs and productive employment are scant in the region, as medium-sized...
Asbestos, once a popular building material in the 1970s for its heat and sound resistance, was banned in Kenya in 2006 after it was linked to severe i...
While the IMF’s most recent forecast in July projected global GDP growth at 3.0 per cent for 2025, down from 3.3 per cent in 2024, new projections exp...
The World Bank has recommended that Kenya raise excise taxes on select goods, including alcohol, tobacco and sugary drinks, to generate revenue for se...
Senator Tabitha Mutinda's election is widely seen as recognition of Kenya’s increasing role in shaping discussions on governance, accountability, and...
The final details of the new IMF-funded program are expected to be announced following the conclusion of the talks on Thursday. The recently concluded...
The committee, chaired by Wajir Senator Mohamed Abass, wants the Public Finance Management (National Government) Regulations, 2015, revised to spell o...
Unlike external loans that face strict lender scrutiny, domestic borrowing remains largely unchecked, making it more prone to misuse.
The World Bank cited falling inflation, stabilising currencies and renewed investment in major economies such as Ethiopia, Nigeria and Côte d’Ivoire.
