Business
Faulu Microfinance Bank Launches Competitive Money Market Fund
July 24, 2024
Faulu Microfinance Bank Launches Competitive Money Market Fund
Faulu Microfinance Bank has officially launched its highly anticipated Money Market Fund (MMF), offering customers flexible and profitable investment opportunities.…
Bidco to Employ Women in its Planned Diaper Plant in Kenya
July 23, 2024
Bidco to Employ Women in its Planned Diaper Plant in Kenya
Bidco has announced plans to establish a state-of-the-art manufacturing facility in Kenya, emphasizing local production and leveraging their unique insights…
Details of Kenya’s Ksh.70 Billion Debt Repayment in July
July 23, 2024
Details of Kenya’s Ksh.70 Billion Debt Repayment in July
Kenya spent about Ksh.70 billion to repay its debt, according to the latest records from the Treasury. The debt repayment…
Kenya’s Forex Reserves Drops to Ksh.63 Billion on Debt Repayment
July 23, 2024
Kenya’s Forex Reserves Drops to Ksh.63 Billion on Debt Repayment
Kenya’s foreign exchange reserves dropped by $487 million (Ksh.63.9 billion) in the week ending July 19, 2024. This is after…
Absa Bank and Old Mutual Launch ‘Linda Biz’ to Protect SME Assets in Kenya
July 17, 2024
Absa Bank and Old Mutual Launch ‘Linda Biz’ to Protect SME Assets in Kenya
On Wednesday, Absa Bank and Old Mutual announced the launch of ‘Linda Biz,’ an innovative insurance solution designed to provide…
Do Kenyans Have Option for Affordable Fuel? Here’s List of Countries With Cheapest Fuel Globally
July 17, 2024
Do Kenyans Have Option for Affordable Fuel? Here’s List of Countries With Cheapest Fuel Globally
Several major oil-producing countries, including Libya, Venezuela, Kuwait, and Saudi Arabia, benefit from very low domestic fuel costs. Among these…
HSBC Appoints Georges Elhedery as New Chief Executive
July 17, 2024
HSBC Appoints Georges Elhedery as New Chief Executive
UK-based banking giant HSBC has announced that Georges Elhedery, 50, will become its next chief executive, succeeding Noel Quinn who…
Uganda to Boost Foreign Exchange Reserves with Domestic Gold Purchases
July 17, 2024
Uganda to Boost Foreign Exchange Reserves with Domestic Gold Purchases
Uganda is set to begin purchasing domestic gold to bolster its foreign exchange reserves and minimize risks associated with reserve…
Ford Foundation Responds to Ruto’s Accusation of Funding Protests
July 16, 2024
Ford Foundation Responds to Ruto’s Accusation of Funding Protests
The American non-governmental organization, Ford Foundation, has issued a response following accusations from Kenya’s President, William Ruto, that it funded…
Did Murkomen Lie? Fuel Price Reductions Overshadowed by Road Maintenance Levy Increase in Kenya
July 15, 2024
Did Murkomen Lie? Fuel Price Reductions Overshadowed by Road Maintenance Levy Increase in Kenya
Despite the recent public participation rejecting increase of Road Maintanance Levy by the Energy and Petroleum Regulation Authority (EPRA), the…