Business
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…
Fuel Price in Kenya Drops in EPRA Monthly Review
July 15, 2024
Fuel Price in Kenya Drops in EPRA Monthly Review
Super petrol, diesel and kerosene prices have dropped by Ksh.1, Ksh1.50 and Ksh.1.30, respectively in latest review by the Energy…
Tanzania’s Amsons Group Offers $180 Million for Bamburi Cement Acquisition
July 12, 2024
Tanzania’s Amsons Group Offers $180 Million for Bamburi Cement Acquisition
Tanzanian conglomerate Amsons Group has set a new benchmark with a historic $180 million (Ksh.23.32 billion) binding offer to acquire…
Court Declares SHIF Unconstitutional, Null & Void
July 12, 2024
Court Declares SHIF Unconstitutional, Null & Void
The High Court in Nairobi has declared the Social Health Insurance Fund (SHIF) unconstitutional, null and void. The three-judge bench…
We Are With You ‘IN THOUGHTS’, IMF Tells Parents of Kenyans Killed During Protests
July 12, 2024
We Are With You ‘IN THOUGHTS’, IMF Tells Parents of Kenyans Killed During Protests
The International Monetary Fund (IMF) has spoken for the very first time about killing of Kenyans during Protests over the…