Month: May 2022
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Economy
African businesses receive Ksh.11.6 billion supply chain funding from BII, Citi
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has signed a Ksh.11.6 billion risk-sharing facility…
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Markets
Investors at NSE to pay CDSC Ksh.1.8 billion as annual upkeep fee
Investors at the Nairobi Securities Exchange (NSE) will pay Ksh.1,200 annually or Ksh.100 monthly for the upkeep of their trading…
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Corporate
UAP Old Mutual rebrands to Old Mutual
UAP Old Mutual Group has rebranded to Old Mutual. The rebranding has already taken place in both Kenya and Rwanda…
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Corporate
Kenya Power appoints Geoffrey Muli interim Managing Director
Geoffrey Muli has been appointed an interim Managing Director of Kenya Power effective May 17, 2022. He takes over from…
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Corporate
Standard Chartered posts Ksh.2.7 billion net profit in Q1 2022
Standard Chartered Bank Kenya’s Q1 net profit in 2022 surged by 16 percent to Ksh.2.7 billion from Ksh.2.3 billion in…
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Economy
KNCCI, Digital lenders build ecosystem to provide credit solutions to SMEs
Kenya National Chambers of Commerce and Industry (KNCCI) agreed to build an ecosystem with Digital lenders in the country to…
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Corporate
Over 100 jobs set for opening with Hilton’s new hotel in Nairobi
Hilton Hotel has announced its plan to open a new hotel in Nairobi, hardly a month after it announced that…
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Economy
Kenya loses over Ksh.85 billion to illicit brew annually, to worsen with proposed taxes
Kenyan government losses more than Ksh.85 billion every year, thanks to illicit brew that has stormed the market due to…
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Regions
President Kenyatta appointed Global Champion for the Africa Adaptation Acceleration Program
Global Center on Adaptation CEO Patrick Verkooijen has welcomed President Uhuru Kenyatta as the Global Champion for the Africa Adaptation…
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Corporate
Twiga Food invests Ksh.1.16 billion in informal retail ventures
Twiga Foods have launched a Ksh.1.16 billion investment plan dubbed ‘Twiga Fresh’ to help supply informal retailers and urban consumers…
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