Business
U.S. stocks fall amid concerns over further Fed policy tightening
December 6, 2022
U.S. stocks fall amid concerns over further Fed policy tightening
Wall Street’s major indexes dropped on Monday as better-than-expected U.S. economic data raised concerns that the Federal Reserve could continue…
CBK vacates waiver on mobile money wallets and bank transfers effective January
December 6, 2022
CBK vacates waiver on mobile money wallets and bank transfers effective January
The Central Bank of Kenya (CBK) has vacated a waiver on charges incurred by a customer during the transfer of…
Shelter Afrique eyes East Africa’s pension funds in Ksh.61 billion housing bond
December 6, 2022
Shelter Afrique eyes East Africa’s pension funds in Ksh.61 billion housing bond
Pan- African housing development financier – Shelter Afrique, is planning to tap into the East Africa’s capital markets and pension…
Lipa Later acquires SkyGarden to bridge merchant-customer gap
December 5, 2022
Lipa Later acquires SkyGarden to bridge merchant-customer gap
Lipa Later Group has acquired SkyGarden at an undisclosed fee.It comes weeks after SkyGarden raised Ksh.736 million with the deal…
Investors avoid Kenya’s 6-year bond to raise Ksh.52.9 billion
December 5, 2022
Investors avoid Kenya’s 6-year bond to raise Ksh.52.9 billion
Investors avoided Kenya’s auction of a 6-year Bond worth Ksh.87.8 billion, as the country walks a tight rope to meet…
Uncover raises Ksh.122.5 million to penetrate other African markets
December 5, 2022
Uncover raises Ksh.122.5 million to penetrate other African markets
Nairobi-based skincare firm, Uncover has raised Ksh.122.5 million in seed capital, which it will use to scale up its operations…
KRA to refund taxes paid by mistake; how to claim
December 5, 2022
KRA to refund taxes paid by mistake; how to claim
The Kenya Revenue Authority (KRA) has introduced a new menu on its iTax portal where taxes paid erroneously can be…
Hustler Fund loan nears Ksh.3 billion mark 4 days after launch
December 5, 2022
Hustler Fund loan nears Ksh.3 billion mark 4 days after launch
The loans disbursed through Hustler Fund has hit Ksh.2.9 billion since its launch by President William Ruto on November 30.Reports…
Low food prices see Kenya’s inflation ease for first time in nine months
December 5, 2022
Low food prices see Kenya’s inflation ease for first time in nine months
Inflation in Kenya eased to an a nine-month low in November to 9.5 percent from 9.6 percent in October.The pressure…
Ndegwa-led Committee raises Ksh.592 million for starving Kenyans
December 2, 2022
Ndegwa-led Committee raises Ksh.592 million for starving Kenyans
The National Steering Committee on Drought Response has raised Ksh.592 million for Kenyans facing famine.The Committee headed by Safaricom CEO…