Month: March 2023
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Economy
List of Ruto’s latest appointees to various parastatals
President William Ruto has made new appointments in various parastatals. They include the President’s trusted personnel who will help him…
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Politics
Xi Jinping unanimously elected Chinese president
Xi Jinping was unanimously elected president of the People’s Republic of China (PRC) and chairman of the Central Military Commission…
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Regions
US taps former Mastercard CEO Ajaypal Banga as next World Bank president
United States President Joe Biden has nominated an Indian-American born Ajaypal Singh Banga as the next president of the World…
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Economy
Kenya could be heading the Zimbabwean way over currency crisis
Kenya is facing the worst currency crisis, a scenario last witnessed in 2012 even as the Central Bank of Kenya…
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Corporate
National Bank launches product to empower women in business
The National Bank of Kenya (NBK) has launched a new product in the market aimed at empowering women entrepreneurs in…
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Economy
UN boss Guterres faults wealthy nations for causing debt distress on Africans and must pay
The United Nations (UN) has faulted the developed economies around the world for causing debt distress in 25 Least Developed…
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News
Parliament votes for state to standardise uniform costs in secondary schools
The Kenyan Government will now develop a standardised policy for the production of school uniforms in secondary schools. In a…
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Finance
Susan Koech approved CBK’s second Deputy Governor
Susan Koech has been approved as the second Deputy Governor of the Central Bank of Kenya (CBK). Koech, alongside Sheila…
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Corporate
Moody’s reaffirms ATI A3 rating with a positive outlook
Moody’s Investors Service (“Moody’s”) has affirmed the A3 insurance financial strength rating (IFSR) of the African Trade Insurance Agency (ATI)…
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Markets
Bumpy ride for importers as Kenya’s Forex reserves drop below EAC’s threshold
Kenya’s Foreign Exchange Reserves dipped to its lowest starting March, falling below the East African Community’s (EAC) statutory threshold of…
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