Smallholder farmers under KTDA management are set to receive a total of Ksh.584,853,000, being dividends payable to farmers through their factories who are the 54 corporate shareholders of KTDA Holdings Ltd. The dividend payment is based on the green leaf delivered for the financial ending June
A revolution in technology has been pushing for countries, globally to relook into their currency advancement, over the adoption of the Central Bank Digital Currency (CBDC), but Kenya thinks otherwise. According to the Central Bank of Kenya (CBK), recent instability in the global crypto assets market
The Kenyan government will cough a whooping Ksh.17 billion as a debt guarantee for Kenya Airways. This is according to the Parliamentary Budget Office Report, which revealed that the amount would be a Ksh.2.51 billion top-up of what the state spent last year. “As of June 2022,
AAR Insurance has become the latest underwriter in Kenya to subscribe to the United Nations Global Compact membership, to prioritise and safeguard human rights, labour standards, environmental protection, and anti-corruption efforts in its business practices. The underwriter joins a list of other global leaders in actively
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
