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News

Business Daily
businessdailyafrica.com > bd > economy > treasury-cashes-in-on-a-bigger-pool-of-idle-state-cash-5593840

Treasury cashes in on a bigger pool of idle State cash

23+ hour, 20+ min ago   (900+ words) A growing pool of public funds invested in interest-earning government securities is boosting the Treasury, even as it targets a total of Sh987.4 billion from the domestic market in the current fiscal year to June 2027. New disclosures show that hundreds of…...

Business Daily
businessdailyafrica.com > bd > corporate > enterprise > kenyans-in-diaspora-spend-a-fortune-to-ship-curtains-from-home-5540960

Kenyans in diaspora spend a fortune to ship curtains from home

1+ day, 10+ min ago   (1078+ words) Curtains displayed at Blessed Home Curtains along Tom Mboya street in Nairobi on July 28,2026. When Mercy Akoth moved to Canada nearly three years ago, she quickly discovered that setting up a home away from Kenya came with unexpected costs, particularly…...

Business Daily
businessdailyafrica.com > bd > corporate > industry > costly-fuel-looms-amid-renewed-middle-east-hostilities-5590534

Costly fuel looms amid renewed Middle East hostilities

4+ day, 2+ hour ago   (599+ words) Global Brent crude prices have crossed the $100 (Sh12,941) mark for the first time since July 2026, signalling higher pump prices in Kenya for the new monthly pricing cycle from October 15. In the latest flare-up, the US military attacked five Iranian crude oil…...

Business Daily
businessdailyafrica.com > bd > economy > kemri-gets-tax-exemption-on-sh3bn-japan-research-grant-5589520

Kemri gets tax exemption on Sh3bn Japan research grant

4+ day, 22+ hour ago   (399+ words) The Kenya Medical Research Institute (Kemri) Head Office in Nairobi. The National Assembly has approved tax exemptions on a Sh3 billion Japanese-funded research programme at the Kenya Medical Research Institute (Kemri). The MPs approved the recommendations of the National Assembly Committee…...

Business Daily
businessdailyafrica.com > bd > markets > capital-markets > state-eyes-sh60bn-in-second-bond-sale-in-september-5589536

State eyes Sh60bn in second bond sale in September

4+ day, 22+ hour ago   (453+ words) The Central Bank of Kenya (CBK) is back in the market with a Sh60 billion Treasury bond sale as the government keeps up its rapid rate of domestic borrowing early in the fiscal year. In the sale, the CBK has reopened…...

Business Daily
businessdailyafrica.com > bd > opinion-analysis > columnists > eac-won-t-be-fully-integrated-until-its-money-moves-freely-5589344

EAC won’t be fully integrated until its money moves freely

5+ day, 5+ min ago   (668+ words) The EAC headquarters in Arusha, Tanzania. East Africa has made remarkable progress in removing barriers to the movement of goods and people. Today, a truck leaving the Port of Mombasa can travel through regional transport corridors to Kampala, Kigali and…...

Google News
businessdailyafrica.com > bd > corporate > companies > banks-loan-margins-fall-to-10-month-low-on-rate-cuts-5588368

Commercial banks??€?? loan margins fall to 10-month low on rate cuts

5+ day, 22+ hour ago   (737+ words) The gap between what banks operating in Kenya charge on loans and pay on deposits narrowed to a 10-month low of 7.46 percentage points in July as lenders strike a balance between appeasing borrowers and attracting savers. This means that the…...

Business Daily
businessdailyafrica.com > bd > opinion-analysis > columnists > duty-on-industrial-inputs-a-threat-5588064

Duty on industrial inputs a threat

6+ day, 1+ hour ago   (986+ words) A worker operates a sewing machine while crafting footwear at Kitu Kali Limited workshop in Nairobi on April 15, 2026. Kenya’s manufacturing sector has steadily worked to deepen its contribution to the economy while enhancing its local and global competitiveness. This progress…...

Business Daily
businessdailyafrica.com > bd > opinion-analysis > letters > the-legal-procedure-to-realising-dangote-oil-refinery-in-lamu-5588116

The legal procedure to realising Dangote oil refinery in Lamu

6+ day, 50+ min ago   (556+ words) Dangote Industries Limited, led by its Vice-President for Oil and Gas and ultimate beneficial owner, Aliko Dangote, has formally communicated a proposal to construct a greenfield 700,000 bpd petroleum refinery on Lamu Island, Lamu County. Preliminary site selection, geotechnical soil testing,…...

Business Daily
businessdailyafrica.com > bd > economy > rules-shake-up-as-investors-abandon-sh30bn-dividends-5587108

Rules shake-up as investors abandon Sh30bn dividends

6+ day, 20+ hour ago   (882+ words) The Unclaimed Financial Assets Authority (UFAA) has lined up a raft of policy changes, including a reduction of penalties and the extension of the dormancy period, in a bid to unlock Sh30.5 billion in unclaimed dividends for investors in saccos and…...