Prime News Kenya

Current Business News in Kenya: Banking | Economics

Regulator fights Kenya Power tariff rise notice

Kenya Power has encountered regulatory resistance in its fresh application to raise electricity prices after a temporary reduction of power charges for 5.7 million consumers expired in July.

KCB-National Bank deal gets nod

The Central Bank of Kenya (CBK) has shrugged off concerns raised by MPs and approved the 100 per cent acquisition of National Bank (NBK) by KCB Group.

KRA destroys contraband worth Sh1.5 billion

The Kenya Revenue Authority (KRA) led the Multi-Agency team on illicit trade in destroying illicit excisable products with a market value of over Sh1.5 billion at Stoni Athi, Kajiado County.

Omtatah wants court to stop CBA-NIC merger

The proposed merger of NIC Bank and Commercial Bank of Africa may now have to wait longer following a legal battle was initiated on Friday to suspend the process.

Chinese refinery pays premium for Kenya oil

Kenya has found a buyer for its first batch of crude oil in a deal that will see the commodity fetch a better return compared to the current market prices roiled by US-China trade tensions.

Plan to tax YouTube, Netflix in final stage

The ICT ministry is in the final stages of developing a framework that will be used to tax foreign online streaming media services such as YouTube and Netflix.