Kuza Assets Crosses KSh 1bn in Assets Under Management
Kuza Asset Management has hit the KSh 1 billion threshold in assets under management, the fund manager said in a statement “Currently we have 10 products that cater to retail [...]
CBK Retains Benchmark Rate at 13%
The Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) has retained maintained the benchmark rate at 13.00 per cent for a 2nd time this year. “Overall inflation is expected [...]Pending Bills Push Kisumu County Contractors to Unethical Tactics
Some Kisumu County suppliers have resorted to threats and other tactics to pressure the county government to settle their pending bills, highlighting the economic pressure the sticky issue has morphed [...]Business Activity Rises Strongly in May, Defies Floods Stanbic
Activities in Kenya's private sector during the month of May defied the effects of above-normal rains witnessed to post the sharpest upward trend in activity recorded in 20 months. “Private [...]Copia Halts Operations in 6 Towns after Going into Administration
Barely two weeks after going under administration, e-commerce platform, Copia has reportedly stopped its delivery service in six towns as the company continues its restructuring attempts. We regret that we [...]Bankers Fault Finance Bill 2024, Call for Consistency in Tax Policy
The Kenya Bankers Association (KBA) has faulted the new proposed tax measures in the Finance Bill 2024, arguing that it will raise the total tax on financial services, with far [...]South Korea to Invest KShs. 31bn in Konza City
The Korean Exim Bank has signed two agreements with the Kenyan government to invest more than KShs 30 billion in the Konza Technopolis in Machakos County. “The Creative sector in [...]StanChart Joins Digital Credit Fray with SC Juza Mobile Loan App
Standard Chartered Kenya has rolled out a new mobile loan app called SC Juza where Kenyans can borrow short-term loans repayable within 60 days, with its CEO calling it the [...]Xplico Insurance's Statutory Manager Caps Compensation at KShs 250,000 per Claim
The Policyholders Compensation Fund (PCF) has started the process of compensating the clients of Xplico Insurance- which is under statutory management- with the maximum amount capped at Kshs 250, 000 [...]Kenya US Strategic Trade and Investment Partnership Enters 6th Round of Negotiations
Kenya and the United States will be engaging on the sixth round of the Kenya – United States Strategic Trade and Investment Partnership (STIP) negotiations in Mombasa, from June 3-7. [...]Bitcoin Platform Invites Developers to a Free 4-Day Bootcamp in Nairobi
Africa Free Routing, a bitcoin payment platform, has organized a free four-day bootcamp in Nairobi to charge up developers with requisite skills for the creation of crypto-payment systems. This intensive [...]Kenya Sets Aside KSh 414Mn for Edible Oil Value Chain
The government has set aside KSh 414 million in the 2024/2025 financial year for the edible oils value chain, in a plan that involves boosting the production of sunflower, palm [...]
