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Agriculture
Farmers to receive dividend pay-out from KTDA, subsidiary earnings
June 6, 2023
Lawrence Baraza
0

Farmers to receive dividend pay-out from KTDA, subsidiary earnings

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

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Economy Finance
Bitcoin value slumps to a five-month low
June 2, 2023
Lawrence Baraza
0

CBK tables report on adoption of digital currency in Kenya

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

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POST TAGS:
CBDCCBK
Corporate
Kenya Airways inks deal with Dutch-based Zenz to bolster its revenue management
June 2, 2023
Lawrence Baraza
0

Kenya to spend over Ksh.39 billion to settle KQ debts

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,

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Corporate
AAR Insurance joins UN Global impact in commitment to sustainable business practices
June 1, 2023
Lawrence Baraza
1

AAR Insurance joins UN Global impact in commitment to sustainable business practices

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

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Economy
US taps former Mastercard CEO Ajaypal Banga as next World Bank president
May 31, 2023
Lawrence Baraza
1

Kenya to receive Ksh.138 billion World Bank loan

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

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Economy
TSC advertises vacancies for over 400 teachers; how to apply
May 31, 2023
Lawrence Baraza
1

TSC advertises vacancies for over 400 teachers; how to apply

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)

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Economy
Kenya to tax car owners Ksh.5,000 per passenger seat in Finance Bill 2023
May 30, 2023
Lawrence Baraza
0

Kenya to tax car owners Ksh.5,000 per passenger seat in Finance Bill 2023

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

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Finance Bill
Economy World
Angola pays Ksh.3.4 bn to become ATI’s 21st Member State
May 30, 2023
Lawrence Baraza
0

Angola pays Ksh.3.4 bn to become ATI’s 21st Member State

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

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Economy Markets
CBK retains benchmark lending rate at 9.5%
May 30, 2023
Lawrence Baraza
0

CBK retains benchmark lending rate at 9.5%

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

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POST TAGS:
Susan Koech
Corporate Economy
Family Bank feted bank of the year for SME lending in Agriculture
May 30, 2023
Lawrence Baraza
0

Family Bank profit up to Ksh.1 billion in Q1

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

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POST TAGS:
Family BankRebecca Mbithi

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Newsletter
Why borrowers should leverage their Credit Score as President Ruto drums support for Hustler Fund
Why borrowers should leverage their Credit Score
December 6, 2022
Farmers to receive dividend pay-out from KTDA, subsidiary earnings
Farmers to receive dividend pay-out from KTDA, su
June 6, 2023
BRICS ministers urge global 'rebalancing' as Putin looms large
BRICS ministers urge global ‘rebalancing
June 6, 2023
Bitcoin value slumps to a five-month low
CBK tables report on adoption of digital currency
June 2, 2023
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