Oil and Gold Markets on Edge: A Week of Crucial Data and Uncertain Policy
The global oil and gold markets are poised for a week of heightened anticipation as critical economic data releases and central bank decisions loom large. These events will shape the [...]
IRA Dismisses Reports on Closure of Directline Assurance
The Insurance Regulatory Authority (IRA) has dismissed reports on the closure of Directline Assurance company, terming them illegal. “The Insurance Regulatory Authority (the Authority) has taken note of communication released [...]How CEOs Plan to Navigate Business Risks in the Next 12 Months
Kenyan firms are looking into cost management, restructuring, diversification of operations and lobbying with relevant stakeholders as alternatives to managing external and internal risks anticipated in the next twelve months. [...]IMF Reaches Staff Level Agreement for Kenya's US$ 976 Million
The International Monetary Fund (IMF) has reached a staff level agreement to provide US$ 976 million for Kenya, subject to approval by the IMF Executive Board. During meetings held in [...]European Investment Bank's Partnership with Kenyan Banks Boosts Private Sector
The partnership between the European Investment Bank (EIB)- the European Union’s investment and lending arm and local banks in Kenya has been lauded by beneficiaries in the private sector [...]Counties Allocation Rises from KSh 385.4Bn to KSh 400Bn Beginning July 1
Counties will get KSh 14.69 billion more beginning July 1 from KSh 385.4 billion this financial year to KSh 400.1 billion. The announcement was made when President William Ruto signed [...]CAK Bars Opera Software from Blocking Odibets
Opera Software has been barred from blocking Kareco Holdings Limited subsidiary, alias Odibets from accessing its opera mini browser and redirecting its customers to other betting sites. “Opera Software Ireland [...]The Kenya Shilling Likely to Remain Stable Analyst
From late last year, spilling over to 2024, investors exhibited jittery concerns regarding Kenya’s debt sustainability. This was however cooled down by the government’s candid move to go for a [...]Norway Invests US$ 307 Million in Kenya's E-Mobility Sector
Norfund, a Norwegian investment fund, has pledged to inject US$ 307 million towards a number of e-mobility projects in Kenya, in support of the country's sustainability goals. “Our visit to [...]Cyber Risks Threaten Innovation in Kenya’s Banking Space
Kenya’s banking industry classifies cyber threats as the key risk slowing investment in innovation, even as most of their clients prefer services served through digital platforms. 96 percent of the [...]Nation Media Group to Lay off Staff as Revenues Shrink
Listed media conglomerate Nation Media Group (NMG) has announced a major restructuring that will see it laying off an unspecified number of employees, after months of speculation that it would [...]
SKIIVE's €1.5Mn Project Outlines Achievements in Kenya's Startup Ecosystem
Grants awarded by the Strengthening Kenya Intermediaries and Innovation Ecosystem (SKIIVE) to six digital solutions in the country enabled them to upscale operations. The success of the SKIIVE Project underscores [...]
