Kenya Electricity Generating Company PLC (KenGen) stocks rallied Wednesday hours after it announced a record Ksh.4.7 billion profit. The Wednesday close saw the power utility sell Ksh.3.31 per share from the previous day at Ksh.3.26, a 1.53 percent jump in stock sell. Its net profit in nine
President William Ruto’s Hustler Fund was rolled into credit market Wednesday in an anticipatory move to save millions of Kenyans from “predatory“ lending by banks. The Ksh.50 billion programme will attract an annual interest rate at a single digit of 8 percent, the cheapest in Kenya’s
Busia Highway stretching into neighbouring Uganda will soon have a new face following years of its shambolic state since the Moi era. This follows a deal (at an undisclosed fee) that was struck between Busia County Governor Dr. Paul Nyongesa Otuoma and the European Union (EU)
President William Ruto launched Hustler Fund kitty Wednesday, unlocking over five million Kenyans who had been denied credit by banks. In a *254# application which does not need a guarantee or any collateral, thousands of Kenyans lined up with their phones to apply for the funds,
President William Ruto is launching the Ksh.50 billion Hustler Fund, an implementation of his campaign pledge in the run up to the August 9 General Election. The multi-billion programme targets individuals who are in informal financial services like Chamas, and small businesses people operating Small and
The Kenyan government is looking to convert short-term loans into long-term to subdue pressure arising from loan maturities. At least Ksh.87.8 billion worth of long-term debt will be converted into short term. This as the country closes in to debt ceiling, currently set at Ksh.10 trillion. “Right now,
President William Ruto chaired a Cabinet meeting for the second time Tuesday and agreed on a number of variables to mitigate the ongoing economic crisis. Among the key issues agreed was to chat path for a lasting solution in the agricultural sector that is facing a
Kenya Electricity Generating Company PLC (KenGen) net profit grew by 61.7 percent to Ksh.4.7 billion for the year ended September 30, 2022. The net profit is more than double what the company posted in similar period last year at Ksh.1.8 billion. The record profit his anchored on
At least 327 people were killed after a magnitude-5.6 earthquake hit Indonesia's West Java province on November 21, according to local authorities.
The CRB Regulations, 2020 gazetted by the Cabinet Secretary to the National Treasury on April 8, 2020, introduced major reforms aimed at strengthening the credit information sharing (CIS) framework in Kenya. The majority will remember these Regulations mainly for four prominent things: suspension of negative listing
