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News

Business Daily
businessdailyafrica.com > bd > economy > cbk-moves-to-protect-too-important-to-fail-banks-5593844

CBK moves to rein in ‘too important to fail’ banks

1+ day, 43+ min ago   (593+ words) Central Bank Governor Dr Kamau Thugge. Top banks, including Equity Group, KCB Group, NCBA Group, Co-operative Bank and I&M Bank, face a shakeup in their expansion plans as the Central Bank of Kenya (CBK) moves to shield the lenders…...

Business Daily
businessdailyafrica.com > bd > economy > treasury-cashes-in-on-a-bigger-pool-of-idle-state-cash-5593840

Treasury cashes in on a bigger pool of idle State cash

1+ day, 1+ hour ago   (900+ words) A growing pool of public funds invested in interest-earning government securities is boosting the Treasury, even as it targets a total of Sh987.4 billion from the domestic market in the current fiscal year to June 2027. New disclosures show that hundreds of…...

Business Daily
businessdailyafrica.com > bd > lifestyle > profiles > how-omari-made-his-luck-from-eastland-s-to-absa-corner-office-5593834

How Omari made his luck, from Eastland's tarmac pitches to Absa corner office

1+ day, 2+ hour ago   (966+ words) Absa Bank Kenya Chief Executive Officer (CEO) Yusuf Omari speaks during the official launch of the Asante Global Card, a premium travel and lifestyle credit card introduced to the Kenyan market through a partnership between Visa, Kenya Airways and Absa…...

Business Daily
businessdailyafrica.com > bd > corporate > enterprise > kenyans-in-diaspora-spend-a-fortune-to-ship-curtains-from-home-5540960

Kenyans in diaspora spend a fortune to ship curtains from home

1+ day, 2+ hour ago   (1078+ words) Curtains displayed at Blessed Home Curtains along Tom Mboya street in Nairobi on July 28,2026. When Mercy Akoth moved to Canada nearly three years ago, she quickly discovered that setting up a home away from Kenya came with unexpected costs, particularly…...

Business Daily
businessdailyafrica.com > bd > lifestyle > health-fitness > how-blackout-curtains-can-help-and-when-they-won-t-5593824

Struggling to sleep? How blackout curtains can help, and when they won’t

1+ day, 2+ hour ago   (1305+ words) When you are exhausted, sleep should come easily. But for Selina Kathambi, it did not. After giving birth to her daughter, she expected the usual challenges of new motherhood; sleepless nights, colic, sore nipples and eczema. What she did not…...

Business Daily
businessdailyafrica.com > bd > opinion-analysis > columnists > africa-needs-ai-that-serves-its-priorities-5593804

Africa needs AI that serves its priorities

1+ day, 2+ hour ago   (493+ words) Language is not everything in Africa's AI story, but without it, everything else struggles to arrive. By GIRMAW ABEBE TADESSE Across Africa, the most consequential uses of AI do not look like a chatbot. They look like a forecast that…...

Business Daily
businessdailyafrica.com > bd > opinion-analysis > letters > regulating-kenya-s-too-big-to-fall-banks-right-step-5593788

Regulating Kenya’s too-big-to-fall banks right step

1+ day, 2+ hour ago   (1022+ words) Under the proposed framework, a systemic-importance score above 0.25 and/or a category score above 0.05 would indicate systemic importance. The collapse of a bank is never merely a corporate event. For a bank that is large, interconnected or critical to the…...

Business Daily
businessdailyafrica.com > bd > opinion-analysis > columnists > more-than-electricity-what-your-token-is-really-paying-for-5593794

More than electricity: What your token is really paying for

1+ day, 2+ hour ago   (450+ words) In Kenya, the energy transition arrives on a phone screen as a 20-digit number. That number is what a growing number of households see when they buy prepaid electricity. And as the country moves toward another election in August 2027, that…...

Business Daily
businessdailyafrica.com > bd > opinion-analysis > columnists > 5-4-billion-litres-on-paper-so-where-is-the-milk-5593756

5.4 billion litres on paper. So where is the milk?

1+ day, 2+ hour ago   (538+ words) A customer reaches out for milk displayed on shelves at Naivas Lifestyle in Nairobi on August 31, 2025, amid a severe milk shortage that has seen major retailers ration purchases and raise prices. Kenya has a milk problem, and it is not…...

Business Daily
businessdailyafrica.com > bd > markets > kenya-pension-funds-shift-sh105bn-offshore-to-cut-risks-5593732

Kenya pension funds shift Sh105bn offshore to cut domestic market risks

1+ day, 3+ hour ago   (752+ words) Kenyan pension funds are moving more retirement savings into global markets, with offshore holdings rising 25 percent in the year to June,2026 to hit Sh104.99 billion as managers seek protection from domestic risks. The shift puts a growing share of workers’ retirement…...