Today's Top Headlines!

Today's Top Headlines!


Shilling rally wipes Sh99bn from local dollar holdings

Wealthy Kenyans, traders, and businesses took a Sh98.9 billion hit as the value of foreign currency deposits plunged due to the recent strengthening of the Kenya shilling. — Read More


KCB bank beats Equity with Sh16 billion first quarter profit

KCB Group has posted a 69 percent growth in net profit to Sh16.06 billion for the first quarter ended March 2024, driven by increased income and reduced tax expenses, surpassing Equity Group for the first time in four years. — Read More


Why surviving on below Sh46,355 a month in Nairobi was a nightmare in 2023

Seven out of ten households in Kenya’s capital, Nairobi, are low-income earners, according to the 2024 Economic Survey released this week.

The statistics agency classifies low-income households in the city as those with a monthly income below Sh46,355, while middle-income households earn between Sh46,356 and Sh184,394 monthly, and the rich earn more than Sh184,394. — Continue reading.


NHIF managers move to court, claim juniors earning more

Senior managers of the National Hospital Insurance Fund (NHIF) have moved to court, alleging salary discrimination that has resulted in some lower cadre members earning more than them. — Read More


Clinker imports plunge 77pc on new levy

Cement clinker imports dropped by 77.4% last year due to a new government tax aimed at boosting local manufacturing. The Economic Survey reports that imports fell to 148,018 tonnes in 2023, down from 656,499 tonnes in the previous year. — Read More


France topples China on loans as President Ruto looks West

France and Germany have overtaken China in budgeted loans from rich countries for the new year starting in July, underlining President William Ruto’s realignment with the West in a foreign policy shift from that of his two predecessors. — Read More

The Treasury, in the budget books, has listed France as the largest bilateral financier for projects in the Ruto administration’s Sh3.9 trillion expenditure plan for the financial year starting in July, followed by Germany. — Continue reading.

Two years gluten-free: ‘How quitting wheat transformed my life’

When Marundu Muturi first decided to cut wheat foods from his diet, he saw it as a short-term experiment, one that would last no more than a couple of weeks. But as his body began to transform, the bloating in his stomach disappeared, and his skin cleared up, Marundu felt inspired to commit to a wheat-free lifestyle. This meant no bread, no cakes, no mandazi, no biscuits, and no chapatis. — Read More


In the Opinion & Analysis

In an interconnected world, global trends significantly influence nations' socio-economic landscapes and progress. For Kenya, these trends present both opportunities and challenges, affecting economic growth, social dynamics, and environmental sustainability. This article explores key global trends and their impact on Kenya. — Read More


Five More Top Stories

  1. Court suspends appointment of new MTRH, KBC and Athi Water bosses.
  2. Kenyans to sell extra electricity to Kenya Power in new metering rules.
  3. State invests housing levy billions in Treasury bonds.
  4. One Kenyan joins ultra-wealthy list in five years.
  5. What is at stake in President Ruto’s three-day State visit to the US?



To view or add a comment, sign in

More articles by Business Daily Africa

Insights from the community

Others also viewed

Explore topics