Collins Ogutu
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Kenya
CBK to Penalise Banks for Charging Kenyans High Interest Rates
The Central Bank of Kenya (CBK) has begun on-site inspections of commercial banks to ensure they comply with the Risk-Based…
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Kenya
CBK Cuts Benchmark Lending Rate to 10.75
The Central Bank of Kenya (CBK) cut its benchmark lending rate by 50 basis points to 10.75 percent on Wednesday,…
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Kenya
Kenya Seeks New IMF Funding as April Programme Nears Conclusion
Kenya has announced plans to secure a one-year financial assistance package from the International Monetary Fund (IMF), with negotiations already…
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Corporate
Uber Earnings 18% up to $770 Million on spiked Demand for Services
Uber Technologies year-on-year profit before tax increase to $770 million for the three months ending December 31, 2024, an 18…
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Economy
Kenya’s Private Sector Confidence Dips Amid Tough Business Environment
Kenya’s private sector confidence has taken a hit, with businesses bracing for a more challenging year due to rising costs…
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Business
KNCCI Calls for Improved Credit Access to Boost SMEs Growth
The Kenya National Chambers of Commerce and Industry (KNCCI) has stepped up efforts to push access to credit for Small…
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Corporate
Bolt Defends Pricing Formula in Kenya Amid Uproar Over Commission, Taxes
Ride-hailing company Bolt has defended its pricing model in Kenya following recent protests by drivers demanding a fair share of…
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Corporate
Absa Bank Kenya Commits Ksh. 500 Million to Transformative Projects through New Foundation
Absa Bank Kenya has announced a Ksh.500 million seed funding for transformative projects aimed at addressing societal and environmental issues.…
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Kenya
Rising Interest Rates Trigger Surge in Loan Defaults Among Kenyans
The first half of 2024 has seen an increase in loan defaults in Kenya, driven by rising interest rates that…
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East Africa
Absa Bank Kenya to Expand Agency Network to Over 17,000 Outlets
Absa Bank Kenya PLC has unveiled plans to expand its reach with over 17,000 agency service outlets across the country…
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