By Daisy Okanga | The Swedish Development Finance Institution, (Swedfund) through Platcorp has issued a loan worth Ksh.600 Million to Small Medium Enterprises (SMEs), a financial in part of Kenya, Uganda and Tanzania.
Platcorp is a leading provider of SME financing and payroll
lending in East Africa.
As the coronavirus pandemic continues to take a toll in the country, the Central Bank of Kenya (CBK) has revealed that Ksh697.6 billion worth of loans have been restructured since the outbreak of the virus in March.
The loans restructured represent account for 23.4 percent
Coronavirus cases in Kenya jumped to
5,384 after 178 more people tested positive for the virus on Thursday.
Nairobi County is leading in the
figures with 100 cases having been reported, followed by Kajiado County at 21.
The virus distribution in the country
also indicates as follows; Migori, 17, Kiambu
Kisii Senator Sam Ongeri has been elected as the Chairman of the Public Accounts and Investment Committee and will be Deputised by Hargura Godana.
The election of Senator Ongeri comes on the back of a standoff over control of the committee chair position following the
The Directorate of Criminal Investigations (DCI) resumed the
issuance of Police Clearance Certificates also known as Certificate of Good
The service started Thursday with Kenyans lined up to
receive the certificates, three months after the services were put on hold due
to coronavirus pandemic.
“We commend the members of the
The International Monetary Fund (IMF) says global growth for
the year 2020 will be much worse than its earlier forecast and anticipates a
slower recovery in 2021 due to COVID-19 pandemic.
Global output is projected to contract by 4.9 percent in
2020, a 1.9 percentage points below its April
East Africa Breweries limited is set to roll out a new Ksh.530 million programme
to support the revival of bars and eateries after restrictions are lifted following
the COVID-19 pandemic.
has dubbed the initiative “raising the bar” will be a two-year programme
available from July offering eligible outlets
Kenyans will continue enjoying the mobile money transaction fee waiver that was put in place on March 16 to cushion individuals from the effects of Coronavirus.
This means there will be no charge on transaction of monies
not exceeding KSh.1,000 while the current tariff for transactions above
By Daisy Okanga | The National Assembly approved a raft of tax measures, including a charge on all companies as the government seeks to boost revenue and navigates the coronavirus fallout.
The lawmakers approved the finance bill 2020 which includes
a minimum tax of 1 percent on
A special Senate Committee on the proposed removal, by impeachment, of Kirinyaga County Governor Anne Waiguru, is this morning hearing the Governor’s defence for the rebuttal against corruption allegations.
Governor Waiguru’s defence team led by her lead counsel, Paul Nyamodi are presenting witnesses to counter the