Jasmine Wambui
77 Articles
Kenya Airways CEO Allan Kilavuka exits after six years
In a public announcement, the airline’s board credited Kilavuka with steering KQ through the turbulence of the COVID-19 period and overseeing growth in revenues and cargo volumes that reaffirmed the airline’s operational viability.
Safaricom first bond offer oversubscribed by over 175%
The first tranche was initially sized at Ksh.15 billion, with a green shoe option to raise an additional Ksh.5 billion, in case investor demand exceeded expectations.
Kenya Airways issues profit warning as grounded Dreamliners cut earnings
The airline says the grounding of three Dreamliners, which is about a third of its wide-body fleet, has significantly reduced capacity and passenger numbers, weighing on overall performance.
World Bank revises Kenya’s growth outlook upwards to 4.9%
The latest Kenya Economic Update Report by the World Bank reveals that the country’s economy is performing better than previously expected.The country’s growth outlook for 2025 now stands at 4.9 percent, an upward revision of the Bank’s own projection in May of 4.5 pe...
New digital tool launched to track Kenya’s real-time public debt
IEA says the tool is designed to give the public clearer insight into the country’s finances at a time when transparency is increasingly in question.According to the platform, Kenya’s total debt has surpassed Ksh.12 trillion, split between Ksh.6.58 trillion in domestic borrowing and Ksh.5.5 trillion...
CMA fines audit firm EY Ksh.10M over misrepresentation of 2014 Uchumi financials
The issue dates back to 2014, when Uchumi Supermarkets carried out a rights issue using financial statements prepared with EY as the reporting accountants.A year later, in 2015, the CMA launched an inquiry and found major misrepresentations in those statements.
CMA sanctions former Chase Bank executives over misleading 2015 bond disclosures
CMA sanctioned former Chase Bank Chairperson Zafrullah Khan, former General Manager for Finance Makarios Agumbi, and former General Manager for Corporate Assets James Mwaura, following its inquiry into the bank’s 2015 medium-term note.
KNBS launches national data conference ahead of 2026 festival
KNBS says the goal is to modernise the country's data infrastructure and integrate Artificial Intelligence into its economic forecasting models, with the theme centred on utilising data effectively for national economic planning.
Blow to NCBA Group as court declines to suspend ruling on NIC merger tax exemption
Justice Chacha Mwita on Friday dismissed KRA’s application for a stay of execution, ruling that the taxman had not demonstrated any risk of suffering irreparable loss if the judgment is implemented pending appeal.
Gov’t moves to calm fears after President Ruto’s power rationing remarks
While addressing a section of Kenyans, the President made remarks indicating that the government has been shutting off power supply in some parts of the country between 5pm and 10pm, to keep the national grid stable.