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Corporate
Equity Group winds up Hackathon Edition with students taking home Ksh.600K
April 26, 2022
Vanita Wandera
0

Equity Group winds up Hackathon Edition with students taking home Ksh.600K

Equity Group has winded up its first edition of Equity Hackathon which saw University students bag Ksh. 600,000 and a mentorship opportunity from Microsoft. Equity Group in partnership with Microsoft launched a virtual hackathon open to students from The University of Nairobi (UoN) and Meru University

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Equity Group HoldingsHackathonMicrosoft
Economy
Kenya among beneficiaries of debt relief by IMF
April 26, 2022
Vanita Wandera
1

IMF agrees to advance Kenya extra Ksh.28 billion loan

The International Monetary Fund (IMF) has reached an agreement to advance Kenya an extra Ksh.28 billion loan. This is part of the Ksh.265 billion Special Drawing Right (SDR) the multilateral lender authorized in April last year. The agreement will be subject to IMF management and the Executive

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IMFloans
Markets
Cooking oil prices surge on intensified war between Russia, Ukraine
April 25, 2022
Vanita Wandera
0

Cooking oil prices to rise further on banned commodity export by Indonesia

Indonesia, the world’s top palm oil producer announced plans to ban exports of the most widely used cooking oil and will likely see Kenyan households dig deeper to pay more for an already expensive commodity. Indonesia's move is set to hurt other countries globally and Kenyans

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cooking oilindonesiaRussiaUkraine Russia Tenssion
Corporate Markets
Sanlam slumps into Ksh.78 million after-tax loss
April 25, 2022
Vanita Wandera
0

Sanlam overtakes GenAfrica as largest pension fund manager in Kenya

Sanlam is currently the biggest pension fund manager after taking over Ksh.46 billion National Social Security Fund (NSSF) portfolio from British American Assets Managers. Overtaking GenAfrica with Ksh.288.8 billion in assets, up from Ksh.226.9 billion in 2020, Sanlam now reins the pension fund sector as Gen

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GenAfricaPension Trust FundSanlam Kenya
Economy
Govt targets higher taxes on common commodity to finance Ksh.3.3 trillion budget
April 11, 2022
Vanita Wandera
0

Govt targets higher taxes on common commodities to finance Ksh.3.3 trillion budget

The financing of President Uhuru Kenyatta’s final budget will attract higher taxes on common household commodities as he vacates office in August this year. As shown Finance Bill for 2022, Flour, alcohol, chocolates, and beauty products are among the items to receive higher taxes. Wheat, maize,

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BudgetCS Ukur YataniKenya's Economy
Economy
High Court shoots down Betting firms’ bid to halt new levies
April 8, 2022
Vanita Wandera
0

Government sanctions advertising of betting, alcohol products

Treasury Cabinet Secretary Ukur Yatani has proposed a 15 percent excise duty on alcohol, gaming, and gambling advertisements. This will apply to all television stations and other advertising outlets like billboards. “Following various consultations and in line with the government’s commitment on mitigating against the social vices

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BudgetCS Ukur Yatanisanctions
Markets
Fuel stabilisation fund kity receives Ksh.6.7 billion
April 7, 2022
Vanita Wandera
0

Oil marketers ordered to release fuel to rural areas

The Ministry of Petroleum directed big Oil Marketers Companies (OMC) to sell available stocks to independent dealers to ease a shortage of fuel in rural parts of Kenya. The government has promised to compensate them for the extra volumes sold to ease the supply hitches in

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big oil marketsfuelsmall dealers
Agriculture Corporate
Kenya to resume exporting avocado oversea
April 5, 2022
Vanita Wandera
1

Kakuzi launches online platform to train avocado farmers

Kakuzi PLC will train small-scale avocado farmers through an e-learning agricultural extension program branded Kakuzi Avocademy that will assist them to improve the quality of their crop. The programme targets farmers wishing to receive professional tips on quality avocado husbandry. The online Kakuzi Avocademy platform, according to

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Hass AvocadoKakuzi Plc
Corporate Markets
Jumia partners with UPS for logistical services across Africa
April 5, 2022
Vanita Wandera
1

Jumia inks deal with UPS to expand logistics services across Africa

Jumia and UPS a Global logistics and package delivery company announced a partnership giving UPS access to Jumia’s last-mile logistics capabilities and infrastructure to grow its delivery services in Africa. Leveraging the Jumia infrastructure in Africa, UPS will offer its customers an extended range of delivery

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JumiaUPS
Corporate
Safaricom customer at an M-pesa outlet withdrawing money from M-pesa
April 5, 2022
Vanita Wandera
1

Safaricom includes Airtel, Telkom on its Lipa Na M-Pesa service

Safaricom is continuing to grow its customer base after it announced to include rival networks, Airtel, and Telkom in its Lipa Na M-Pesa cashless payment service. Telkom and Airtel subscribers will be able to pay for goods and services through Lipa Na M-Pesa. The shift is aimed

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Airtel KenyaLipa na M-pesaSafaricomTelkom Kenya

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