Remittance inflows in January dropped by 7.07 percent from what the country received in December, according to new data from the Central Bank of Kenya. Remittances in THE month under review stood at Ksh.30.5 billion down from Ksh.32.8 billion However, the remittances received in January reflected a 7.3 percent
The Building Bridges Initiative (BBI) Bill, 2020 has been given a nod to continue to be debated after the confirmation and verification of collected signatures by the Independent Electoral and Boundaries Commission (IEBC) According to IEBC Chairman Wafula Chebukati, 3,188,001 signatures out of 4,3525,037 million captures signatures were confirmed
The African Union (AU) has secured 300 million doses of Russia’s Sputnik V COVID-19 vaccine and that the offer included a financing package for countries wanting to secure the shots. The doses will be availed to the interested parties for 12 months beginning May this year. Only a handful of
In what is a pointer to the dire straits in which the National Treasury is in, the board of the Central Bank of Kenya (CBK) has approved a Ksh5 billion cash transfer from its general reserve fund to the government’s consolidated fund service. In a statement, the CBK said
WPP Scangroup shares faced a nosedive on Friday after the company suspended its Chief Executive Bharat Thakrar and head of finance Satyabrata Das. According to data from my stocks dot com, WPP Scangroup, a subsidiary of WPP saw its shares drop by 7.07 percent to
WPP Scangroup Plc has suspended its Chief Executive Officer Bharat Thakrar and Chief Finance Officer Satyabrata Das over allegations of gross misconduct and abuse of office. In a statement early Friday, the company’s board of directors said it had reached the agreement to suspend the two in order
Office 2021 for Windows and Mac will be released by the end of 2021 and will be supported for five years. The company announced that it will release a new Long-Term Servicing Channel (LTSC) version of its Office productivity suite on Thursday. “We also plan to release Office 2021
The National Cereals and Produce Board (NCPB) is now seeking for an interest rate waiver on a Ksh.4.5 billion loan it obtained five years ago to finance the importation of subsidised fertiliser. The loan has since ballooned to Ksh.7 billion. In 2020, NCPB embarked on the implementation of a new
By Vincent Odhiambo | The economic shockwaves of the coronavirus pandemic are still being felt across the country, since the virus hit Kenyan shores on March 13 last year. A survey done by Twaweza East Africa now indicates that more families have become vulnerable as six out
The World Bank has appointed Makhtar Diop as the new Managing Director and Executive Vice President of the International Finance Corporation (IFC) effective March 1, 2021. Prior to his appointment, Mr. Diop previously served as the World Bank Kenya Country Director. His appointment was announced by the World Bank
