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. [...]
Bolt Highlights Successes, Challenges, and Trends After a Decade of Operations
Bolt celebrates its tenth anniversary in operation, in a decade that has seen the Estonian-based firm grow exponentially worldwide, while facing important questions from stakeholders, including safety for clients. By [...]
Africa Tech Summit Partners with Raenest for its 6th Edition in Nairobi
Africa Tech Summit Nairobihas announced a headline partnership with pioneering Nigerian fintech Raenest aimed at fostering innovation, growth and collaborations within the African tech ecosystem. The sixth edition of Africa [...]
Bolt Counters Drivers Taking Offline Trips
Online taxi drivers on the Bolt platform risk temporary ban and suspension of their accounts in new measures aimed at discouraging payments off the app and taking offline trips. “we [...]How Metropolitan National Sacco Lost KSh 12 Billion to Insiders
In a well-organized syndicate that involved some of its former and present senior staff and board directors, the 47-year-old Metropolitan National Sacco lost KSh 12 billion through theft and embezzlement, [...]Competition Authority Spares Over 4000 Apparel Workers in Merger Deal
Nava Apparels has been granted go ahead to acquire the assets of Mombasa Apparel (EPZ), on condition it retains all the 4,478 employees on terms that are no less favorable [...]Poorer Countries Face Higher Debt Servicing Costs-World Bank Warns
The World Bank is sounding an alarm about the danger confronting low- and middle-income countries—particularly the poorest. The exact costs of that privilege will not be known until the data [...]Kenya’s Export Revenue Grew 19.6% to KSh269.4 billion in Q323
Kenya’s export to neighbouring countries grew in the third quarter of 2023, pushing the country’s total exports to KSh269.4 billion, a growth of 19.6 per cent compared to the same [...]Moi University Sacco’s Fate Hangs in the Balance
Moi University Sacco, now under liquidation, could rise again from the ashes if a rescue plan being drawn up by the state results in its revival. Moi University Sacco members [...]Nairobi Coffee Exchange to be Brought Under CMA Supervision
Nairobi Coffee Exchange (NCE) will soon be placed under the supervision of the Capital Markets Authority(CMA) as it transitions to The Coffee Exchange. This development puts closure to a long [...]World Bank: Combating Antimicrobial Residues in Kenya’s Dairy Value Chain
With its large dairy industry, Kenya produces 652.4 million liters of milk a year. Dominated by small producers, the sector is unfortunately a driver of antibiotic residue in food.
NSE’s Next Listing Expected to be Marula Mining
Marula will be the first metals mining company to list in Nairobi, and would join the exclusive club of dual-listed companies.
