Month: May 2022
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Corporate
Equity Bank secures Ksh.19.1 billion from IFC for MSMEs financing
Equity Bank has secured a Ksh.19.1 billion (US$.165 million) funding kitty from International Finance Corporation (IFC) to support Micro, Small…
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Corporate
WPP Scangroup plans to write off Ksh.4.7 billion investment
WPP Scangroup intends to write off up to Sh4.7 billion investments in its subsidiaries. The firm has thus transferred the…
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Markets
Bitcoin falls to Ksh.3 million level, lowest since July 2021
Bitcoin slumped to Ksh.3.4 million ($30,000) for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets…
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Fashion
Odinga pays musicians over Ksh.550,000 to use their music during campaign
Orange Democratic Movement (ODM) party leader Raila Odinga became the first politician in the country to comply with the Copyright…
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Politics
Why I left my friend Odinga’s Azimio for Ruto; Amason Kingi speaks
The two-time Kilifi Governor Amason Kingi called it quits from Azimio La Umoja One Kenya Monday and was officially welcomed…
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Economy
Kenya’s PMI drops below 50-point mark in April
Kenya’s private sector activity fell in April to 49.5, hurt by rising consumer inflation and supply shortfalls for some goods.…
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Corporate
TransCentury to raise Ksh.4.6 billion through shareholder Rights Issue
TransCentury has received a nod to raise Ksh.4.6 billion through shareholders’ Rights Issue as part of its turnaround strategy. In…
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Economy
Govt backtracks on monies Kenyans will incur for mistakes on Ksh.65 billion Nairobi Expressway
The government has backtracked on the amount it will fine Kenyans for making mistakes on the just-completed Nairobi Expressway. While…
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Economy
Boy walks over 60 kilometers from Busia to seek form one admission
A 16-year-old boy Moses Oduor from Matayos Constituency, Busia County, walked more than 60 kilometres to Bungoma County to seek…
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Politics
Sri Lankan PM Rajapaksa resigns amid economic crisis
Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday after deadly clashes broke out between his supporters and anti-government protesters.…
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