Constant Munda

2 days ago | businessdailyafrica.com | Constant Munda

Elevated interest rates in 2024 lifted investments income for insurance companies to Sh124.87 billion from Sh69.67 billion, at a time growth in profit from the underwriting business was largely modest. Liberty Kenya Holdings Plc was amongst leading insurers, whose profitability surged on the back of increased earnings from investment of premiums in government securities and fixed deposit assets.

3 days ago | businessdailyafrica.com | Constant Munda

The value of Kenya’s exports to Uganda fell for the first time in seven years during the first quarter of the year, partly reflecting the impact of tit-for-tat tariff and non-tariff measures in recent years. Trade between the two countries has in recent years been hurt by on-and-off retaliatory protectionist measures leading to the blockade of goods at border points.

6 days ago | businessdailyafrica.com | Constant Munda

Cement firms recorded the first growth in quarter one sales in three years, signalling glimmers of recovery in construction activities which contracted last year on elevated interest rates and reduced expenditure on public infrastructure projects. Consumption of cement, a key input in the building and construction industry, grew 20.69 percent in the first three months of the year to 2.34 million metric tonnes, according to data collated by Kenya National Bureau of Statistics.

6 days ago | businessdailyafrica.com | Constant Munda

The Treasury’s disbursement of funds for roads and bridges surged 42.59 percent in first nine months of the current financial year, pointing to a resumption of construction projects. Latest budget outturn report shows nearly Sh79.81 billion was wired to the State Department for Roads for development projects in the period ended March, compared with Sh55.97 billion a year earlier.

1 week ago | businessdailyafrica.com | Constant Munda

President Donald Trump‚Äôs administration is progressing with a proposal to impose an excise tax on money transferred from the US to other countries by non-citizens. The proposed levy is part of a wider scheme by the US government to stop illegal migration and deport nearly 12 million undocumented migrants. The proposed levy is tucked in the 1,116-page of ‚ÄėOne Big Beautiful Bill‚Äô‚ÄĒ Mr Trump‚Äôs priority document outlining reforms and spending cuts for his administration.