The World Bank has approved a Ksh.138 billion loan for Kenya as a budget support facility, just a week after the International Monetary Fund (IMF) concluded a fifth review of the programme with Kenya for a further Ksh.56.8 billion loan. This is after the multilateral lender
The Teachers Service Commission (TSC) has announced 488 vacancies for teachers and teaching interns across the country some of which are permanent and pensionable. The Commission is looking to recruit 328 interns in Junior Secondary Schools, 16 interns in Public Secondary Schools, 56 (permanent and pensionable)
Kenyan government is proposing to tax private car owners based on passenger capacity, on top of a lined up tax proposals including the controversial Housing Fund. This is in line with the Finance Bill, 2023 (the Bill) which was presented to the National Assembly on May
The Republic of Angola has become the 21st African Member State and the 1st Lusophone Member State of pan-African insurer, Africa Trade Insurance Agency - ATI, after paying a capital subscription of Ksh.3.4 billion (USD25 million). The membership was funded by the Angolan National Treasury resources
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at 9.5 percent following its Monetary Policy Committee (MPC) meeting held on Monday. The MPC noted that fiscal measures it undertook in March were still transmitting in the country to slam breaks on inflationary
The Family Bank Group has recorded a Ksh.1.04 Profit Before Tax for the period ending 31 March 2023. The Bank’s performance remained steady despite the tough operating environment in 2023. Interest income increased by 13.6% to Ksh.3.4 billion driven by the increased lending which saw the
Zoho Corporation, a leading global technology company, marked a significant milestone with the official opening of its new office in Nairobi on May 23, 2023. This expansion signifies the establishment of Zoho's seventh office in the Middle East and Africa (MEA) region. The event coincided with
Africa's climate tech startups could see a significant increase in funding in the coming years as more funds target the sector. In 2022, Satgana closed Ksh.4.4 billion ($32 million) to invest in startups that focus on carbon removal. The International Development Finance Corporation (DFC) also invested
Standard Chartered Bank Kenya saw its quarter one financial gain, when it posted a 45.7 percent increase in net profit to Ksh.4 billion. Total revenues rose 45.2 percent to Ksh.10.76 billion and non-interest-funded income grew ahead of interest income at 55.5 percent to hit Ksh.3.9 billion
As part of the BAT Group’s business transformation agenda, BAT’s regional office in Kenya has expanded its market scope to Malawi, Mozambique, Angola, Zimbabwe and Zambia, in addition to over 15 countries currently within its Eastern Africa markets portfolio. As part of the move, Crispin Achola,
