Kenya, Uganda third border post to boost trade

Kenya and Uganda have endorsed the establishment of the third point of entry and exit at their common land boundary to boost cross-border trade.
The neighbouring countries’ major crossings are Busia and Malaba borders along the Northern Corridor that links the Mombasa port in…

Kwale miner to pay Treasury Sh2bn royalties in fresh deal

Base Titanium, the company extracting titanium minerals in Kwale County, will pay the government $18.6 million (Sh2 billion) in the form of higher royalties in exchange for an expanded mining area.
The parties reached an agreement Thursday, giving the company the right to extend its mining ope…

Wy cooking gas will cost more

A persistent surge in the global prices of cooking gas points to more inflationary pain for Kenyan households already grappling with higher bills for other fuels such as petrol.
The prices of butane and propane—the by-products of crude oil used in the manufacture of Liquefied Petroleum Gas…

KCB targeted in Sh2bn cyber criminals heist

KCB Group stopped a Sh2 billion attempted fraud on its banking system last year, underscoring the increase in brazen online attacks during the Covid-19 pandemic.
The bank Thursday made public the attempted fraud without giving details on whether the attack was from foreign hackers or local…