Cooperative Sector Missed Opportunities in 2023, Some Hope in 2024
The cooperative sector in Kenya has little to celebrate with many missed opportunities in 2023. A fully operational inter-lending facility for Sacco means that these financial societies will be able [...]
Sacco Regulator to Charge Levy On Cash Deposits of BOSA Saccos
The Sacco Societies Regulatory Authority (SASRA) has introduced a levy on cash deposits held by Non-Withdrawable Deposit-Taking Saccos, or those that run Back Office Service Activity (BOSA)- beginning January 2024. [...]Diaspora Capitalizes on Weak Shilling with Real Estate
This rapid devaluation has raised concerns among both local and international investors, but for Kenyans living abroad the devaluing currency presents a unique buying opportunity in Nairobi’s residential real estate sector.
Former Citibank MD Joyce-Ann Wainaina Secures $9 Million Commitment from Mastercard for Chui Ventures
Chui Ventures, a Pan-African Seed fund led by Managing Partner Joyce-Ann Wainaina, has secured a $9 million commitment from the Mastercard Foundation Africa Growth Fund. In a statement, Mastercard said [...]
Dr Githinji Gitahi Resigns From Standard Group Plc Board
Standard Group Plc has notified shareholders and the investing public of the resignation of Dr Githinji Gitahi as an Independent, Non-Executive Director of the publisher with effect from November 10th, [...]Network Sacco Risks Collapse Due to Non-Remittances by Standard Group
In the midst of its ongoing financial crises, listed media group Standard Group has not been remitting Sacco deductions to Network Sacco, placing the industry Sacco at the risk of [...]NSE Admits First Islamic Product on its Unquoted Securities Platform
The Nairobi Securities Exchange PLC (NSE) has approved the listing of Linzi Sukuk on the bourse’s Unquoted Securities Platform (USP), making the product the first Shari’ah-compliant product to be admitted [...]KCB Group: What’s in a Valuation?
In the ever-evolving landscape of banking and finance, the Nairobi Securities Exchange (NSE) has witnessed a significant shift in the valuation race, with some of the largest companies facing a [...]Kenya Welcomes Czechia Firms to Invest, Trade
Kenya's imported goods worth KShs. 4.4 billion in 2022 from Czechia, which was a billion shillings more than it did in 2021, according to figures from the Kenya National Bureau of Statistics.Ruto Hands Private Sector Lifeline on Pending Bills
President William Ruto has inaugurated a pending bills committee to verify bills owed to suppliers by counties, national government and state agencies amounting to Sh640 billion for payments. The committee [...]
CBK Accepts Bids Worth KSh 23.7 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) received bids worth KSh 24.7 billion at the weekly treasury bills auction, an oversubscription of 102.8%, out of KSh 24 billion on offer, and accepted [...]The REITS Association of Kenya Holds Flagship Conference
The Real Estate Investment Trusts (REITs) Association of Kenya (RAK) has hosted its flagship conference, the 2023 RAK Annual Conference at the Enashipai Hotel in Naivasha. The conference-themed; Building Momentum [...]
