China has issued a stern warning to countries contemplating trade deals with the United States, as its trade war with the superpower intensifies. This follows a move by the U.S., in which it has been pressuring its trading partners to curtail trade with the East Asian giant in order to acquire relief from the recent U.S. tariffs. The U.S. has stated that a small number of countries have already started negotiations after the tariffs were announced, and more than 70 are ready to begin as well. To avoid major losses, China has promised to retaliate should any country act against…
Author: Antony Mutunga
Antony Mutunga
Antony Mutunga holds a Bachelors degree in Commerce, Finance from Jomo Kenyatta University of Agriculture and Technology. He previously worked for Altic Investment & Consultancy before he joined NBM team in 2015. His interest in writing ranges from business, economics and technology. He is also our lead researcher in matters business.
Africa joins the world in mourning the passing of His Holiness Pope Francis, a spiritual leader whose profound compassion and unwavering commitment to the marginalized resonated deeply across the continent. The Chairperson of the African Union Commission, H.E. Mahmoud Ali Youssouf, expressed the collective grief of Africa, honoring the Pope as a tireless advocate for peace, human dignity, and solidarity with the oppressed. On behalf of the African Union, its Member States, and the people of Africa, he extended heartfelt condolences to the Holy See, the global Catholic community, and all those across the world who were inspired by Pope…
The Energy and Petroleum Regulatory Authority (EPRA) has announced a decrease in the maximum retail prices of petroleum products for the period spanning 15 April 2025 to 14 May 2025. This price drop follows the state’s decision to retain the subsidy scheme, which has resulted in the lowest fuel prices in at least two years. In Nairobi, Super Petrol will now retail at Sh174.63 per litre, marking a reduction of Sh1.95. Diesel prices have dropped by Sh2.20 to Sh164.86 per litre, while Kerosene will cost Sh148.99 per litre, a decrease of Sh2.40. The prices are inclusive of the 16% Value…
Nairobi is set to host the 12th East Africa Property Investment (EAPI) Summit on 7 and 8 May 2025 at the Pullman Hotel in Upper Hill. Under the theme “Positioning for Opportunity”, the summit will serve as a critical platform for networking, dealmaking, and strategic discussions on key sectors such as commercial property, retail, logistics, hospitality, and affordable housing. For the third consecutive year, Absa Corporate and Investment Banking (CIB) will take the lead as the summit’s principal sponsor, reinforcing its commitment to shaping Africa’s economic landscape. Joining Absa CIB as a key sponsor is Africa Logistics Properties (ALP), a…
KCB has became the first bank to announce a reduction in its base lending rate to 13.85 per cent per annum, down from 14.6 per cent. The move comes shortly after the Central Bank of Kenya (CBK) cut its benchmark Central Bank Rate (CBR) by 75 basis points to 10 per cent. The revised KCB lending rate, effective from April 11, 2025, for new loans and May 11, 2025, for existing facilities, is expected to make borrowing more affordable for businesses and individuals. These revised rates will specifically cover Kenyan shilling-denominated facilities, a deliberate move that aligns with the bank’s…
The Central Bank of Kenya (CBK) has cut the Central Bank Rate (CBR) by 75 basis points, from 10.75% to 10.00%, marking the fifth consecutive reduction since August 2024. This decision by the Monetary Policy Committee (MPC) comes amid moderated inflation, improved economic indicators, and a cautious global outlook marked by geopolitical tensions and trade uncertainties. Kenya’s inflation stood at 3.6% in March 2025, slightly up from 3.5% in February, but still within the government’s target range of 5±2.5%. Core inflation rose to 2.2%, driven by higher processed food prices, while non-core inflation dropped to 7.4%, thanks to stable energy…
The recent decision by the United States to include Kenyan exports, to its borders, as among those subject to a baseline tariff of 10% has sparked concerns among Kenyan manufacturers and exporters. It looks to damage the trade relationship the U.S and Kenya have established for years, especially since the African Growth and Opportunity Act (AGOA) took effect in 2000. Trade with the U.S. has been largely favourable under the AGOA, which grants duty-free access for Kenyan exports such as apparel, coffee, and tea. In 2024 alone, Kenya exported goods worth Sh95.26 billion ($737.3 million) to the U.S., with apparel…
Kenya has taken a bold step toward a sustainable future with the launch of the Kenya Green Finance Taxonomy (KGFT). Developed by the Central Bank of Kenya (CBK) in collaboration with the European Investment Bank (EIB) and supported by the German Federal Ministry for Economic Affairs and Climate Action, this landmark framework aims to channel investments into environmentally sustainable projects while mitigating climate risks. As one of Africa’s most climate-vulnerable nations, the country faces severe economic threats from climate change, with projections suggesting a potential loss of 7.25% of GDP by 2050 without decisive action. The KGFT is designed to…
With cybercriminals becoming increasingly sophisticated, businesses are at risk of losing millions to fraudulent schemes. Recently, phishing attacks have become quite popular among hackers as they are considered one of the easiest ways to target firms, financial institutions, critical infrastructure, or sensitive government roles. However, as cybercriminals evolve so does cybersecurity, and regular phishing tests have emerged as a critical tool for those looking to safeguard their operations from the growing threat of cyberattacks. The number of businesses and government agencies being targeted has been on the rise. In fact, Kenya continues to face a growing cyber threat that has…
The long-awaited takeover of BOC Kenya PLC, a subsidiary of global industrial gases giant Linde, by Carbacid Investments PLC and Aksaya Investments LLP has officially collapsed, marking the end of a four-year saga filled with legal battles and regulatory hurdles. The deal, initially announced in January 2021, faced immediate turbulence when it was suspended just two months later following a legal challenge. The dispute stemmed from an appeal filed at the Capital Markets Tribunal (CMT) by Kuna Ngugi Kuna, a case that would go on to delay the transaction for more than three years. The appeal, CMT Appeal No. 2…