Harambee Sacco Targets KSh 4Bn in Share Sale
Harambee Deposit-Taking Sacco aims to raise KSh 4.0 billion over the next 2 years through a share capital drive in a bid to wean itself from external financing. This strategic [...]
Smallholder Farmers on Insurance-Backed Loans Less Likely to Default- Study
Embedding insurance into loans boosts financial resiliency and improves healthcare access for Africa’s unbanked population while simultaneously de-risking lending portfolios, according to a new report by Turaco, a pan-African insurtech. [...]
KEBS Tightens Rules on Used Electric Vehicles
The Kenya Bureau of Standards (KEBS) has banned the importation of used electric vehicles with a battery life below 80%. The directive from KEBS will ensure that used electric vehicles [...]TV Stations Falter, Radio Stations Improve on Broadcast Standards -CA
Adherence to set broadcast standards by local television stations dropped in the first quarter of the Financial Year 2023/24, a new report by Communication Authority of Kenya says. The broadcast [...]Government Spent KSh 1.64 Trillion between June-Dec 2023
The government spent Kshs 1.64 trillion in the first half of the current financial year, according to a review of the budget by the office of the Controller of Budget. [...]Debt, Fund Release Delay Hit Implementation of 2023/4 Budget
The Controller of Budget has raised red flags over three areas likely to slow down the implementation of 2023/4 budget. In the first six months of the financial year 2023/4, [...]Equity Bank Adjusts Cost of Credit, Other Lenders Soon to Follow
Banks have begun adjusting the price charged for loans to borrowers, a trend that is expected to pile pressure on most households that are already dealing with the rising cost [...]SACCOs' Huge Returns Despite Harsh Economic Conditions
Savings and Credit Co-operative Societies (SACCOs) engaged in the deposit-taking have continued to pay huge dividends and rebates to members as shown by the number of societies that have already [...]Frank Mwiti Appointed New CEO of NSE
Frank Mwiti, the Eastern Africa Markets Lead Partner at Ernst Young, will succeed Geoffrey Odundo as the CEO of the Nairobi Securities Exchange (NSE). Mwiti is a dynamic [...]
Prof Jeffrey Sachs: Loan Terms for Africa ‘Dangerous’
A respected professor and top United Nations advocate is rooting for a review of terms of loans trickling to Africa, terming the recent arrangements dangerous for long-term development. The UN [...]Kenya to Resume Bulk Avocado Exports this March
Kenya will resume the export of avocado fruits in March this year after the Agricultural Food Authority (AFA) lifted its three-month suspension. Kenya exports its avocado fruits to the Netherlands, [...]Nairobi County Transitions Businesses to One Business Permit
Businesses operating at one spot consistently for a period of six months within Nairobi County will transition to a unified business permit (UBP) with immediate effect. According to Nairobi Governor [...]
