The United States needs to do some "soul searching" over its "diabolical" spying behaviors on other countries, according to a Kenyan expert on international issues, who says it shows the U.S. is now getting more desperate in its attempts to maintain is global hegemony. Stephen Ndegwa,
Ghana is seeking credit facilities from three multilateral lenders – International Monetary Fund (IMF), World Bank and the African Development Bank (AfDB) to support its ailing economy following the ongoing war in Ukraine and economic shocks caused by the coronavirus pandemic. The country expects the IMF
Equity Group Holding posted a 10 percent jump in pre-tax profit to Ksh.16.9 billion on a rising loan book in the first quarter of 2023. Net loans rose by just over a fifth to Ksh.756.3 billion from Ksh.623.6 billion in the year-earlier period. Total assets jumped 21
Equity Group Holding said on Monday it had received regulatory approval to set up a general insurance business in Kenya, which would add on to its life assurance business. This is after the lender in first quarter of 2023 posted a 10 percent jump in pre-tax
Kenya's urbanization rate stood at an average of 3.7% as of 2021, higher than the global average of 1.6%. Similarly, the annual population growth rate averaged 1.9% as of 2021, which is also higher than the global average of 0.9%, according to the World Bank. As
Based on market analysis for the past week, Treasury Bills were oversubscribed, with the overall subscription rate at 110.7%, up from 37.5%. Investors’ preference for the shorter 91-day paper persisted as they sought to avoid duration risk, with the paper receiving bids worth Ksh.19.3 billion against
International Monetary Fund (IMF) Managing Director Kristalina Georgieva is in Kenya and met President William Ruto at State House in Nairobi Wednesday. According to Georgieva, Kenya is on the right path for her economic recovery plans at a time when the Kenya National Bureau of Statistics
Kenya will address the double taxation problem facing projects funded by Japan’s Overseas Development Assistance (ODA). President William Ruto said he is seized of the issue that threatens the future of Ksh.10 billion ODA projects in the country. “We are pursuing the expeditious resolution of this matter
Kenya is set to receive Ksh.408 billion loan from the Africa Import and Export Bank (AfriExim) following a deal that was reached in November last year. Manufacturing and agro-processing export development are among the sectors which will benefit from the multi-billion facility. According to a report by
