Business

Faulu Microfinance Bank Launches Competitive Money Market Fund

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

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

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

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

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

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

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

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

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

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…
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