Lawrence Baraza
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Corporate
Equity Group Pretax Profit up Ksh.51 billion in 9 Months
Equity Group Holdings on Tuesday reported pretax profit of Ksh.51.0 billion ($397 million) for the first nine months of 2024. The…
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Markets
Trump’s Re-election to Boost Equities in Africa, Middle East, Says J.P. Morgan
Donald Trump’s possible re-election could drive growth in emerging market equities in the Middle East and North Africa (MENA) region…
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Northern Africa
Senegal to Reaffirm €2.5 Billion Green Energy Pact at COP29
Senegal is expected to recommit to a €2.5 billion ($2.67 billion) Just Energy Transition Partnership (JETP) at the COP29 climate…
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International
Pan-African Payment System Could Save Africa $5B in Fees
Africa’s reliance on the dollar for cross-border transactions may soon diminish as the Pan-African Payments and Settlements System (PAPSS) under…
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Kenya
KRA Clarifies Insurance Relief on Contributions to SHIF
The Kenya Revenue Authority (KRA) has issued a public notice to clarify the applicability of insurance relief for contributions made…
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Corporate
The Role of SACCOs as International Remittance Providers in Kenya
SACCOs have the potential to boost financial inclusion and stimulate economic growth in Kenya through international remittances, particularly in underserved…
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Credit Rating
Ratings Bias Costs Africa Billions of Dollars, Says Standard Bank CEO
African countries face higher costs of financing because of inflated risk perceptions from credit-ratings companies, the head of the continent’s…
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Wealth Creators
Affordable Housing & Construction Prospects in Kenya
Mehtap Gursoy, Portfolio Director for DMG Events, discussed the importance of affordable housing in Kenya, highlighting the need for government…
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Wealth Creators
Peter Ndegwa’s 2024 Pay Down 19.4% to Ksh.252.3 Million
Peter Ndegwa, CEO of Safaricom Plc, East Africa’s telecom giant, received Ksh.252.3 million ($1.95 million) in total compensation for the…
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Corporate
Family Bank Appoints Lazarus Muema as New Board Chairman
Family Bank has announced the appointment of Mr. Lazarus Muema as the new Chairman of its Board of Directors, following…
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