Brian Ngugi - The Standard

×

The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.

Standard Group Plc HQ Office,
The Standard Group Center,Mombasa Road.
P.O Box 30080-00100,Nairobi, Kenya.
Telephone number: 0203222111, 0719012111
Email: [email protected]

NEWS & CURRENT AFFAIRS

Digital News

.

Brian Ngugi

Kenya credit rating upgrade set to boost Treasury debt strategy

Global ratings agency Moody’s changed the country’s outlook from negative to positive. It pointed to a recent decline in domestic borrowing costs and recent tax policy changes.

Kenya credit rating upgrade set to boost Treasury debt strategy

Moody's credit rating upgrade to boost Kenya's debt strategy

Moody's credit rating upgrade to boost Kenya's debt strategy

Inside Ruto's IMF-backed restructuring of State firms

Inside Ruto's IMF-backed restructuring of State firms

Envoy says Kenya sees China as crucial bilateral partner beyond infrastructure

Envoy says Kenya sees China as crucial bilateral partner beyond infrastructure

TransCentury bounces back with Sh375m half-year profit

It marks a major turnaround for the investment firm from a loss of Sh1.66 billion in the half-year period a year earlier. This was on the back of a strong performance.

TransCentury bounces back with Sh375m half-year profit

Cabinet dissolves nine state corporations, approves merger of 42

Ruto has announced mega plans to dissolve 9 state corporations and merge 42 others as part of a sweeping reform program aimed reducing the government's wage bill.

Cabinet dissolves nine state corporations, approves merger of 42

AAR introduces newborn ENT tests to improve early detection of hearing loss

AAR Hospital has introduced a new range of ear, nose, and throat (ENT) tests for newborns, aiming to improve early detection of hearing complications and other related conditions.

AAR introduces newborn ENT tests to improve early detection of hearing loss

Tough economy cools Kenyans' huge appetite for buying land

The Hass Land Price Index for the fourth quarter of 2024 reveals a significant slowdown in land price growth, particularly in Nairobi's satellite towns.

Tough economy cools Kenyans' huge appetite for buying land

CMC exit: Is Kenya turning into a graveyard for industries?

The announcement that CMC Motors Group will be shutting down has rekindled concerns about the state of Kenya’s business environment.

CMC exit: Is Kenya turning into a graveyard for industries?

Afreximbank receives top rating from China, boosting African development

CCXI recognises Afreximbank’s strategic relevance to the (African) continent and its ability to execute on its strategic goals and mandate

Afreximbank receives top rating from China, boosting African development

CBK fast-tracks new mobile payment system to rival M-Pesa

The system will enable seamless interoperability between all retail payment services offered by both banks and non-bank providers.

CBK fast-tracks new mobile payment system to rival M-Pesa

Kenya, China eye strong ties with focus on SGR extension

China has reaffirmed its commitment to supporting Kenya's development ambitions, pledging continued cooperation across key sectors.

Kenya, China eye strong ties with focus on SGR extension

China and Kenya China pledge to deepen cultural exchanges, strengthen ties

Kenya and China have reaffirmed their commitment to deepening cultural exchanges and strengthening bilateral ties, as evidenced by the recent joint celebration of the Chinese New Year in Nairobi.

China and Kenya China pledge to deepen cultural exchanges, strengthen ties

Kenya-UAE deal could be a catalyst for job creation and an economic booster

Pact seeks to eliminate trade barriers, improve market access and increase investment flows. Key sectors that will benefit significantly include agriculture, tourism and technology traders.

Kenya-UAE deal could be a catalyst for job creation and an economic booster

State eyes more Eurobonds to ease Sh10tr debt

The Kenya Kwanza government is considering issuing Eurobonds to manage and ease its maturing debt burden, according to newly published Budget documents.

State eyes more Eurobonds to ease Sh10tr debt

End of the road for CMC Motors as auto dealer to close shop

After four decades as a powerhouse of East Africa's agricultural and automotive sectors, CMC Motors Group is shutting down operations in Kenya, Tanzania, and Uganda.

End of the road for CMC Motors as auto dealer to close shop

New sugar levy leaves bitter taste for households as prices to go up

Kenyan households are bracing for an increase in sugar prices as a new levy, instituted under the recently passed Sugar Act, takes effect on February 1.

New sugar levy leaves bitter taste for households as prices to go up

Can UAE deal make Kenya Dubai of Africa?

The recent signing of a comprehensive economic partnership agreement between Kenya and the UAE heralds a significant shift in economic relations.

Can UAE deal make Kenya Dubai of Africa?

Majority of Kenyans project a tough future for their children

They attribute the projection to poor economic conditions in the Pew Research Centre survey.

Majority of Kenyans project a tough future for their children

Ruto now turns to UAE to grow jobs, economy with new trade deal

Kenya and the United Arab Emirates (UAE) signed a Comprehensive Economic Partnership Agreement (CEPA) on Tuesday aimed at boosting trade, investments and creating jobs.

Ruto now turns to UAE to grow jobs, economy with new trade deal

China Square's Sh1b expansion war chest rattles retail outlets

The firm’s low-cost strategy has drawn the attention and concern of competitors. chain’s aggressive pricing could disrupt established market dynamics.

China Square's Sh1b expansion war chest rattles retail outlets

CBK faces litmus test in fresh multi-billion-coin minting tender

CBK came under the spotlight for the Sh15 billion new banknotes deal awarded to a German firm. Auditor General Gathungu cited a lack of competitive bidding in the previous tender.

CBK faces litmus test in fresh multi-billion-coin minting tender

KenGen to ramp up geothermal output with Hell's Gate project

State-owned power producer is currently conducting an environmental impact assessment in the protected area.

KenGen to ramp up geothermal output with Hell's Gate project

Kenya to legalise cryptocurrencies, says Treasury Cabinet Secretary

Kenya is preparing legislation to legalice cryptocurrencies, the Treasury Cabinet Secretary John Mbadi, said on Friday, marking a significant shift in the government's stance.

Kenya to legalise cryptocurrencies, says Treasury Cabinet Secretary

Kenya tops African venture funding in 2024 with Sh82b

Kenya has cemented its position as the leading destination for venture funding in Africa, attracting $638 million (Sh82.3 billion) in 2024, according to a report by Africa the Big Deal.

Kenya tops African venture funding in 2024 with Sh82b

New Year pain for consumers as fresh round of taxes kick in

Kenyans are bracing for a fresh wave of economic hardship as a raft of new taxes, introduced under the Finance Act, 2024 came into effect.

New Year pain for consumers as fresh round of taxes kick in

CMA warns listed firms over neglect of minority shareholders

The Capital Markets Authority has warned listed companies against failing to adequately protect the rights of minority shareholders.

CMA warns listed firms over neglect of minority shareholders

Treasury tightens screws on State corporations in fresh revenue hunt

The cash-strapped administration of President Ruto has issued a stern directive to State corporations, demanding increased revenue generation and stricter financial discipline.

Treasury tightens screws on State corporations in fresh revenue hunt

Report slams Parliament for weak oversight as debt chokes taxpayers

A damning report by AfriCOG accuses Parliament of failing to fulfill its constitutional duty regarding government borrowing, leading to a ballooning national debt and a future burden on taxpayers.

Report slams Parliament for weak oversight as debt chokes taxpayers

State hopes for better fortunes in the new year after turbulent 2024

Central Bank Rate, which signals banks to lower lending rates was reduced to 11.25 per cent in December from 12 per cent.

State hopes for better fortunes in the new year after turbulent 2024

High food prices dampen new year holiday spirit as living cost rises

Retailers, including major supermarkets, have implemented price hikes on essential commodities over the past month.This is as cost of living index in Kenya has climbed from 2.8% to 3.0% in December.

High food prices dampen new year holiday spirit as living cost rises

Kenya's top CEOs outlook for 2025

As Kenyans bid farewell to a year that offered mixed fortunes for corporates and consumers alike, the outlook for 2025 remains a topic of much anticipation.

Kenya's top CEOs outlook for 2025

KRA issues amnesty to Kenyans burdened by interest, penalties

The Kenya Revenue Authority (KRA) has announced a new tax amnesty programme aimed at providing relief to taxpayers burdened by interest and penalties on outstanding tax debts.

KRA issues amnesty to Kenyans burdened by interest, penalties

Job loss fears as Mbadi orders cost-cutting in State agencies

Job loss fears across various state corporations in Kenya are mounting following a new directive from the National Treasury aimed at rationalizing costs and reducing reliance on government funding.

Job loss fears as Mbadi orders cost-cutting in State agencies

Tanzania firm now eyes other sectors after Bamburi acquisition

Amson Group has announced plans to diversify its operations beyond cement in Kenya after completing its acquisition of Bamburi Cement Plc.

Tanzania firm now eyes other sectors after Bamburi acquisition

Businesses seek Christmas boom amid the gloom

Businesses have intensified efforts to woo customers with a wide range of attractive offers featuring drastic price cuts on various goods and services.

Businesses seek Christmas boom amid the gloom

Survey: Youth still face financial exclusion despite sector reforms

The primary barriers cited include a lack of mobile phones and national IDs which hinder their access to digital banking services.

Survey: Youth still face financial exclusion despite sector reforms

IMF boss calls for reforms to combat graft

The International Monetary Fund (IMF) has asked the Kenya Kwanza administration to address corruption and strengthen public trust in government institutions.

IMF boss calls for reforms to combat graft

Job loss fears as CEOs project gloomy outlook for businesses

Kenyan businesses are bracing for a challenging year ahead, as CEOs project subdued growth and potential job losses, driven by various economic pressures.

Job loss fears as CEOs project gloomy outlook for businesses

Nairobi County eyes Sh500b as it steps up plans for green bond

It has now shifted attention to strengthening its financial data and management systems to ensure transparency and attract potential investors.

Nairobi County eyes Sh500b as it steps up plans for green bond

Nairobi county presses on with green bond issue plans despite delays

It has now shifted attention to strengthening its financial data and management systems to ensure transparency and attract potential investors.

Nairobi county presses on with green bond issue plans despite delays

African Cities urged to strengthen financial planning for sustainable development

An expert meeting in Nairobi has underscored the importance of robust financial planning for African cities, particularly in light of rapid urbanisation and increasing demands on public services.

African Cities urged to strengthen financial planning for sustainable development

World Bank tells Kenya to live within its means amid economic struggles

The World Bank has urged the Kenya Kwanza administration to rein in its public debt and adhere to fiscal discipline to mitigate vulnerabilities and ensure sustainable economic growth.

World Bank tells Kenya to live within its means amid economic struggles

Banks now say loan rates drop will be gradual in row with CBK

Banks said many deposits were locked in at higher rates before the recent cuts, which affects the banks’ ability to lower lending rates immediately.

Banks now say loan rates drop will be gradual in row with CBK

.

Latest Stories

Papua New Guinea calls Trump decision on climate pact 'morally wrong'

Papua New Guinea calls Trump decision on climate pact 'morally wrong'

Africa

By AFP

12 mins ago

Ruto-Gachagua feud intensifies in battle for Kajiado

Ruto-Gachagua feud intensifies in battle for Kajiado

Politics

By Peterson Githaiga

21 mins ago

WHO says 70 killed in attack on western Sudan hospital

WHO says 70 killed in attack on western Sudan hospital

Africa

By AFP

21 mins ago

27 Nigerian soldiers killed in jihadist suicide attack: army

27 Nigerian soldiers killed in jihadist suicide attack: army

Africa

By AFP

32 mins ago

Boys must remain boys, girls must remain girls, Ruto says after Trump's directive

Boys must remain boys, girls must remain girls, Ruto says after Trump's directive

National

By David Njaaga

35 mins ago

SHA assures free deliveries under enhanced Linda Mama package

SHA assures free deliveries under enhanced Linda Mama package

National

By Mercy Kahenda

45 mins ago

NCIC cautions Kenyans on reemergence of criminal gangs

NCIC cautions Kenyans on reemergence of criminal gangs

National

By Antony Gitonga

1 hr ago

Trump's back and is already shaking and shocking America, the world

Trump's back and is already shaking and shocking America, the world

Macharia Munene

By Macharia Munene

1 hr ago