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News
Kenya waits with bated breath as 2029 World Athletics Championships host set to be unveiled
10+ hour, 34+ min ago (323+ words) NAIROBI, Kenya, September 13, 2026 – Sports Principal Secretary Elijah Mwangi is confident Kenya will be awarded hosting rights for the 2029 World Athletics Championships. The global governing body is set to announce the host for the prestigious competition on Tuesday (September 15) and Mwangi…...
Ambulance Services Hackathon Kicks Off in Riyadh
1+ hour, 58+ min ago (190+ words) Riyadh, September 13, 2026, SPA -- The Ambulance Services Hackathon, organized by the Saudi Red Crescent Authority (SRCA), kicked off today under the patronage of SRCA President Jalal Alowaisi. The event seeks to transform ambulance and operational challenges into practical technological solutions by…...
Tanzanian billionaire Edha Nahdi funds 10 Kenyan maternity hospitals
2+ hour, 32+ min ago (620+ words) Amsons Group broke ground on the first of 10 mother and baby hospitals it is funding across Kenya with a $35 million grant, Ruto announced. Ground was broken on Saturday, Sept. 12 on the first of ten mother and baby hospitals that Edha…...
Ethiopia: $5 million remains unsold at currency auction
2+ hour, 46+ min ago (314+ words) The National Bank of Ethiopia offered $125 million to commercial banks during its auction on September 9. Bids reached $120 million, leaving $5 million without allocation. The National Bank of Ethiopia (NBE) did not sell the entire $125 million offered to commercial banks during its…...
CBK moves to rein in ‘too important to fail’ banks
3+ hour, 40+ min ago (593+ words) Central Bank Governor Dr Kamau Thugge. Top banks, including Equity Group, KCB Group, NCBA Group, Co-operative Bank and I&M Bank, face a shakeup in their expansion plans as the Central Bank of Kenya (CBK) moves to shield the lenders…...
114 camels worth up to $131m entered in Crown Prince Camel Festival finale
41+ min ago (192+ words) ...
Kenyans in diaspora spend a fortune to ship curtains from home
5+ hour, 30+ 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…...
Regulating Kenya’s too-big-to-fall banks right step
5+ hour, 40+ min ago (1022+ words) Under the proposed framework, a systemic-importance score above 0.25 and/or a category score above 0.05 would indicate systemic importance. The collapse of a bank is never merely a corporate event. For a bank that is large, interconnected or critical to the…...
Kenya pension funds shift Sh105bn offshore to cut domestic market risks
6+ hour, 10+ min ago (752+ words) Kenyan pension funds are moving more retirement savings into global markets, with offshore holdings rising 25 percent in the year to June,2026 to hit Sh104.99 billion as managers seek protection from domestic risks. The shift puts a growing share of workers’ retirement…...
Political influence broke the banks
11+ hour, 13+ min ago (982+ words) Repeated policy concessions, political patronage and a culture of impunity for wilful defaulters have pushed non-performing loans (NPLs) in Bangladesh to a record Tk 6.06 lakh crore, according to bankers and an industry expert. Bad debt across the country’s banking sector…...