Business

Equity Bank secures Ksh.19.1 billion from IFC for MSMEs financing

Equity Bank secures Ksh.19.1 billion from IFC for MSMEs financing

Equity Bank has secured a Ksh.19.1 billion (US$.165 million) funding kitty from International Finance Corporation (IFC) to support Micro, Small…
WPP Scangroup plans to write off Ksh.4.7 billion investment

WPP Scangroup plans to write off Ksh.4.7 billion investment

WPP Scangroup intends to write off up to Sh4.7 billion investments in its subsidiaries. The firm has thus transferred the…
Bitcoin falls to Ksh.3 million level, lowest since July 2021

Bitcoin falls to Ksh.3 million level, lowest since July 2021

Bitcoin slumped to Ksh.3.4 million ($30,000) for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets…
Kenya’s PMI drops below 50-point mark in April

Kenya’s PMI drops below 50-point mark in April

Kenya’s private sector activity fell in April to 49.5, hurt by rising consumer inflation and supply shortfalls for some goods.…
TransCentury to raise Ksh.4.6 billion through shareholder Rights Issue

TransCentury to raise Ksh.4.6 billion through shareholder Rights Issue

TransCentury has received a nod to raise Ksh.4.6 billion through shareholders’ Rights Issue as part of its turnaround strategy. In…
Govt backtracks on monies Kenyans will incur for mistakes on Ksh.65 billion Nairobi Expressway

Govt backtracks on monies Kenyans will incur for mistakes on Ksh.65 billion Nairobi Expressway

The government has backtracked on the amount it will fine Kenyans for making mistakes on the just-completed Nairobi Expressway. While…
Boy walks over 60 kilometers from Busia to seek form one admission

Boy walks over 60 kilometers from Busia to seek form one admission

A 16-year-old boy Moses Oduor from Matayos Constituency, Busia County, walked more than 60 kilometres to Bungoma County to seek…
Kakamega borrows AI technology from Thika firm for pig rearing

Kakamega borrows AI technology from Thika firm for pig rearing

Kakamega County, through a Public Private Partnership (PPP) with Vuka Agribusiness Company, is set to introduce Artificial Insemination (AI) for…
Brace yourselves for week-long heavy rain in these areas

Brace yourselves for week-long heavy rain in these areas

Parts of Kenya including Narok County will experience heavy rains starting May 10 to May 16, 2022, the Kenya Meteorological…
Court grants orders to shield Ksh.50 billion Master Investment in Kenya

Court grants orders to shield Ksh.50 billion Master Investment in Kenya

High Court judge Juma Chitembwe has issued a gag order in an urgent attempt to save a Ksh.50 billion ($500M)…
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