Year: 2023
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Markets
Why Insurance Penetration in Kenya is Still Low
The rate of Insurance penetration in Kenya has remained historically low compared to other major economies, with the insurance penetration…
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Corporate
Shelter Afrique Extends $12M Loan to Vista Bank Guinee SA
Shelter Afrique Development Bank (ShafDB) Board has approved $12 million housing loan to Conakry-based Vista Bank Guinee SA. Vista Bank…
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Economy
Retired Kenyans in Push to Have Pensions Match Living Cost
Kenya Association of Retired Officers wants the Salaries and Remuneration Commission (SRC) to review pensions to align this with the…
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Markets
Kenya’s Locally Assembled Cars Market Share Up 77.6% in Seven Months
Locally assembled vehicles in Kenya had a market share of 77.6% in the first seven months of 2023 when compared…
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East Africa
North Korea Shuts Ugandan Embassy After 50yrs
North Korea is ending a 50-year diplomatic presence in Uganda, one of its longest-standing African allies. In a statement Wednesday,…
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International
Emerging markets need $1.5 trillion to make buildings greener – World Bank’s IFC
Emerging markets will need $1.5 trillion in investment before 2035 to make new and existing buildings environmentally friendly and avoid…
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Technology
NCBA Signs Deal with Visa for Digital Payment Solutions Targeting SMEs
NCBA Group entered into a partnership deal with Visa to offer among other solutions, seamless digital payment for businesses in…
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Markets
Treasury Seeks Ksh.50BN in Domestic Market to Finance Projects
The Central Bank of Kenya (CBK) published the prospectus for the November Treasury Bond and is seeking to raise Ksh.50…
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Credit Rating
Metropol in push to have credit rating mandatory
I had a conversation on Citizen TV about Credit Rating, and there is a need to drive the conversation to…
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Opinions
How Access to Finance Changes Lives
Africa has undoubtedly made immense gains in lifting people out of poverty. But it’s also clear that there’s still a…
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