President William Ruto launched Hustler Fund on November 30, welcoming millions of Kenyans into a Ksh.50 billion kitty in its first phase which has a minimum loan limit of Ksh.500 and Ksh. 50,000 maximum. During the launch, the President backed the assigning of credit scores to borrowers
Family Bank Group has recorded a Ksh.3.7 billion Profit Before Tax for the full year ended December 31, 2022, a 12.2 percent growth compared to Ksh.3.3 billion posted in 2021. The revenue growth was catapulted by double-digit growth in revenues, customer loans and prudent investment decisions
Bill and Melinda Gates is expected to spend Ksh.7.9 billion ($60 million) to help drive the digital economy among African women entrepreneurs. The funds will come in handy through a collaboration with the United States government, a strategic move by President Joe Biden's administration to suppress
Thrill-seekers and earnest crypto fans have spent the last few years watching the alternative investment rise and fall - sometimes with exhilaration and sometimes with that sinking stomach feeling. After hitting an all-time peak of around $69,000 (Ksh.9.1 million current conversation rate) per unit on November
President William Ruto is in toured Germany for a Berlin Energy Transition DIablogue where he called on the European Union (EU) to lift the lid on barriers that the block imposed on the African continent to spur the economy. His speech touched majorly on the Renewable
Kenya Airways (KQ) profit loss more than doubled when it posted Ksh.38.26 billion in full-year results for 2022. The loss grew 1.4 times from Ksh.15.87 billion ($120.55 million) posted in 2021 and took the national carrier’s accumulated loss to Ksh.172.68 billion ($1.3 billion). The results were announced
By Kim Kariuki - Specialist, Banking and Financial Services – MSC Mandira Sharma - Assistant Manager, Banking and Financial Services – MSC In our last blog, we featured the plight of Faith - a woman open-air and cross-border trader from Kenya. We
The African Union (AU) has expressed its concern following the ongoing protests in Kenya that started on March 20. In a press release Tuesday, AU Chairman Moussa Faki Mahamat called on Kenyans to shun invading private properties. “..exercise calm and engage in dialogue to address any differences
Chinese influence in Africa is becoming troublesome to the world’s most powerful economy, the United States. To counter the influence, the US in the recent past has been on a strategic mission, announcing bags of goodies for the world’s second-largest continent. This was witnessed in a press
President William Ruto has invited German businessmen to invest in Kenya’s micro, small and medium-sized enterprises. He said Kenya stands to benefit from the world’s most experienced, organised and resourced German establishments. Dr Ruto noted that the sector is the backbone of the German economy, generating more
Privatization of State Owned Enterprises (SOEs) has often been recommended by multilateral lenders such as the International Monetary Fund (IMF) and World Bank as a strategy of fiscal enhancement. In the medium term, it is a way of raising capital while reducing huge subsidies and
