Business

CBK grants Virtual Pay operation license for financial services in Kenya

CBK grants Virtual Pay operation license for financial services in Kenya

Virtual Pay Internaltion has been granted an operation license to offer financial services in Kenya. The license from the Central…
Copia ventures into sugar, rice processing in Kenya

Copia ventures into sugar, rice processing in Kenya

Copia Global, an e-commerce platform says it will start processing both sugar and rice in Kenya in a bid to…
Kenya Re half year profit up 56% to Ksh.1.9 billion

Kenya Re half year profit up 56% to Ksh.1.9 billion

Kenya Reinsurance Corporation Limited half year profit grew by 56 percent to Ksh.1.19 billion compared to Ksh.760 billion in the…
NBK inks Ksh.1.1 billion deal with WaterEquity for SME financing

NBK inks Ksh.1.1 billion deal with WaterEquity for SME financing

National Bank of Kenya (NBK) has inked a Ksh.1.1 billion deal with global asset manager WaterEquity to enhance financing to…
CBK warns financial institutions over growing money fraud within self

CBK warns financial institutions over growing money fraud within self

Kenyans are at high risk of losing money through banking fraud owing to mobile banking that has grown from a…
Sanlam slashes half year loss to Ksh228 million

Sanlam slashes half year loss to Ksh228 million

Sanlam Kenya has slashed its half year loss to Ksh.287.7 million from Ksh.291.9 million same time in 2021. The moderate…
How to bypass NTSA services while facing access challenges

How to bypass NTSA services while facing access challenges

The National Transport and Safety Authority (NTSA) website has been experiencing errors for days after the authrity unveiled a vehicle…
CBK okays Egyptian bank Banque Misr S.A.E. to set up branch in Kenya

CBK okays Egyptian bank Banque Misr S.A.E. to set up branch in Kenya

The Central Bank of Kenya (CBK) okayed Egyptian bank Banque Misr S.A.E. to establish a representative office in Kenya. The…
Majority of Kenyan employees still earning below minimum wage – Report

Majority of Kenyan employees still earning below minimum wage – Report

Majority of Kenyan employees are still earning way below the set minimum wage, indicating a resistance to wage laws and…
Kenya’s forex reserve down to Ksh.916 billion from Ksh.943 billion previous week

Kenya’s forex reserve down to Ksh.916 billion from Ksh.943 billion previous week

Kenya’s foreign exchange reserves which are held at the Central Bank of Kenya (CBK) have fallen below an equivalent four…
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