Finance
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Kenya Power receives Ksh.6 billion to power 2.4 million homes
The government has increased its allocation for subsidized home connections to the national grid by Ksh.1.48 billion for the fiscal…
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Sidian Bank secures Ksh.1.1 billion loan to finance Kenyan SMEs
Sidian Bank has received a Ksh.1.1 billion loan from Switzerland-based Impact Investment EMF Microfinance Fund (EMF). The loan facility will…
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Family bank secures Ksh.1.5 billion loan for SMEs financing targeting women
Family Bank has secured a Ksh.1.5 billion loan portfolio guarantee facility from the African Guarantee Fund (AGF) for Small and…
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Digital lenders to disclose funding source in move to fight money laundering
Following the gazettement of the Central Bank of Kenya (CBK) Regulations, Digital lenders will now be obliged to provide information…
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TSC allocated Ksh.2.5 billion for recruitment of teachers
The Teachers Service Commission (TSC) has been allocated Ksh.2.5 billion for recruitment of teachers. This was revealed by National Treasury…
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Resolution Insurance placed under 12-month statutory management
Resolution Insurance has been placed under statutory management over its continued failure to manage its financial woes. In a statement…
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UAP Insurance profit up 24% to Ksh.13.1 billion in 2021 full year results
UAP Insurance gross written premiums surged by 24 percent to Ksh.13.18 billion for the full year ended December 31, 2021,…
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Acorn student accommodation profit up to Ksh.1.16 billion in first year of operation
Acorn Investment Management Ltd (AIML), the entity behind Qwetu and Qejani Student Residences, has posted a Ksh.1.16 billion net profit…
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ICEA’s I-Reit profit down 16.2% to Ksh.123.9 million in 2021 full year results
ILAM Fahari I-REIT’s net profit slumped by 16.2 percent to Ksh.123.9 million for the year ended December 31, 2021, compared…
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I&M Bank net profit up 2.5% to Ksh.8.62 billion in 2021 full year earrings
I&M Holdings has recorded a 2.5 percent increase in net profit to Ksh.8.62 billion for the full year ended December…
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