Business

The Role of SACCOs as International Remittance Providers in Kenya

The Role of SACCOs as International Remittance Providers in Kenya

SACCOs have the potential to boost financial inclusion and stimulate economic growth in Kenya through international remittances, particularly in underserved…
Peter Ndegwa’s 2024 Pay Down 19.4% to Ksh.252.3 Million

Peter Ndegwa’s 2024 Pay Down 19.4% to Ksh.252.3 Million

Peter Ndegwa, CEO of Safaricom Plc, East Africa’s telecom giant, received Ksh.252.3 million ($1.95 million) in total compensation for the…
Family Bank Appoints Lazarus Muema as New Board Chairman

Family Bank Appoints Lazarus Muema as New Board Chairman

Family Bank has announced the appointment of Mr. Lazarus Muema as the new Chairman of its Board of Directors, following…
Startupbootcamp, Tycoon Plan $250 Million Africa Startup Fund

Startupbootcamp, Tycoon Plan $250 Million Africa Startup Fund

Tech accelerator Startupbootcamp, British-East African business tycoon Ashish Thakkar’s Mara Group and Blend Financial Services are planning a $250 million…
Navigating the Current Landscape of Capital Markets in 2024: Key Trends to Watch

Navigating the Current Landscape of Capital Markets in 2024: Key Trends to Watch

As we approach the end of the fourth quarter of 2024, capital markets are under the spotlight, reflecting a complex…
U.S Opposed to IMF-World Bank Plan to Help Poor Nations Foot $290 Billion Foreign Debt

U.S Opposed to IMF-World Bank Plan to Help Poor Nations Foot $290 Billion Foreign Debt

Developing nations face a severe liquidity crisis, putting unprecedented pressure on international financial institutions like the International Monetary Fund (IMF)…
Kenya Secures $606.1 Million Loan From IMF to Manage Debt

Kenya Secures $606.1 Million Loan From IMF to Manage Debt

The Executive Board of the International Monetary Fund (IMF) concluded the seventh and eighth reviews under Kenya’s Extended Fund Facility…
Kenya Power Swings to Record Profit as Strong Currency Cuts Debt

Kenya Power Swings to Record Profit as Strong Currency Cuts Debt

Kenya Power and Lighting Co. posted a full-year profit thanks to a stronger local currency that softened its debt burden,…
Kenya Pipeline Upgrades Western Kenya Pipeline Boosting Flowrate to 515M3 Hourly

Kenya Pipeline Upgrades Western Kenya Pipeline Boosting Flowrate to 515M3 Hourly

Kenya Pipeline Company (KPC) has successfully completed the second phase of its Line IV upgrade on the Nairobi-Eldoret pipeline, enhancing…
Kenya Confident in Continued Shilling Stability Ahead of IMF’s $3.9 Billion Loan

Kenya Confident in Continued Shilling Stability Ahead of IMF’s $3.9 Billion Loan

Central Bank of Kenya (CBK) Governor Kamau Thugge has expressed confidence in the current level of the Kenyan shilling, currently…
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