Business

Kenya to Decide on Future IMF Loans as Current Program Nears Expiry

Kenya to Decide on Future IMF Loans as Current Program Nears Expiry

Kenya will soon make a decision on the nature of its next International Monetary Fund (IMF) program once the current…
Pressure Mounts on Kenya’s Treasury on Rising Rates Against Domestic Borrowing

Pressure Mounts on Kenya’s Treasury on Rising Rates Against Domestic Borrowing

With domestic interest rates soaring to 17% and external loans shrinking, Kenya faces a tough challenge in securing affordable funding…
Why World’s Most Popular Vegetable Oil Is No Longer the Cheapest  

Why World’s Most Popular Vegetable Oil Is No Longer the Cheapest  

Palm oil is the world’s most consumed edible oil, produced by oil palms with high productivity per unit area compared…
Safaricom Co-operative Rebrands to New Look for Growth, Diversification

Safaricom Co-operative Rebrands to New Look for Growth, Diversification

Safaricom Investment Co-operative has officially rebranded to SIC Investment Co-operative as part of a strategic move for growth and diversification.…
Kenya Police Sacco Clinches Best Managed Sacco Award for Fourth Consecutive Year

Kenya Police Sacco Clinches Best Managed Sacco Award for Fourth Consecutive Year

The Kenya National Police DT Sacco has been feted as the Best Managed Sacco for the fourth consecutive year at…
Expert View: Pending Bills Slowing Kenya’s Economy

Expert View: Pending Bills Slowing Kenya’s Economy

The pending bills in all levels of government including the government agents have continued to soar to some uncontrollable levels…
Botswana Licences its First Manganese Mining Project

Botswana Licences its First Manganese Mining Project

Botswana has awarded Giyani Metals  a 15-year mining licence, the company announced on Wednesday, paving the way for it to become…
U.S Federal Reserve Lowers Interest Rate by 50 Basis Points; What it Means

U.S Federal Reserve Lowers Interest Rate by 50 Basis Points; What it Means

The US Federal Reserve (Fed) has reduced the interest rates by 50 basis points (bps), setting it between 4.75% and…
IMF’s $1 Billion Program Expires, Denying Uganda Final Payout

IMF’s $1 Billion Program Expires, Denying Uganda Final Payout

An International Monetary Fund (IMF) program for Uganda expired, denying the East African nation a final disbursement after it failed…
It Was Productive: Says IMF After Meeting Kenyan Team on Anti-Tax Protests

It Was Productive: Says IMF After Meeting Kenyan Team on Anti-Tax Protests

The International Monetary Fund (IMF) said on Tuesday it held productive discussions with the Kenyan government on its plans to…
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