EAC Gears for Launch of Regional Digital Integration Project
The East Africa Community (EAC) is getting ready for the launch of the Eastern Africa Regional Digital Integration Project (EA-RDIP). The project is a vital regional initiative that is set [...]
Kenya’s Relatively Calm Political Climate Lifts Economic Activity August PMI
Kenya’s private sector activity improved slightly for the first time in seven months of this year, attributed to the relatively calm political environment, the August Stanbic Bank Kenya Purchasing Managers [...]
Alex Okosi to Head Google’s Africa Operations
Google has picked Alex Okosi, currently Managing Director for YouTube in EMEA Emerging Markets as its new Managing Director for Africa. In his new role, Okosi will be responsible for [...]USAID is Investing $ 1.4M to Support Kenya’s Carbon Market Activation Plan
The U.S. Agency for International Development(USAID) is investing $1.4 million to support the Government of Kenya in developing its carbon market activation plan and regulatory and legal framework around carbon [...]Sanlam and Allianz Merger in Africa Takes Effect
In a move aimed at strengthening their presence on the African continent, Sanlam Limited and Allianz SE have announced the creation of the Sanlam Allianz Africa joint venture after receipt [...]Climate Summit: Credit Rating Agencies ‘destroying African economies’ Leaders
Credit rating agencies and multilateral lending institutions came under fire over their business practices at the Africa Climate Summit (ACS). Sudanese-British billionaire businessman Mohammed Ibrahim and Kenya President William Ruto [...]Climate Summit: Leaders Call for Valuation of Africa’s Natural Resources
Africa is calling for fair treatment in the face of climate crisis affecting many livelihoods in the continent. On a global scale, the continent’s contribution to greenhouse gas emission is [...]Micro and Small Enterprises Experience High Loan Defaults Survey
Micro and Small Enterprises (MSEs) in Kenya experienced a myriad of challenges, pushing up the default loan rate from 42.8% to 60.7% in June 2023, a Survey conducted by the [...]Britam Holdings HY 2023 Net Profit up 300% to KSh 1.6 billion
Britam Holdings Plc recorded a rise in half-year net profit to KSh 1.6 billion at the close of the six-month period ended 30th June 2023 from KSh 377.9 million in [...]Kenyan SACCOs Total Savings up 9.84% to KSh 620.45 billion in 2022 Report
Sacco Sector in Kenya accumulated total deposits or savings amounting to KSh 629.45 billion in 2022 compared to KSh 564.89 billion in 2021, an increase of 9.84%. These Sacco deposits [...]Options for Investors in ILAM Fahari I-Reit Conversion Plan
Non-professional investors in the ILAM Fahari I-Reit have three options following a conversion plan from unrestricted to a restricted I-Reit. The proposed conversion of ILAM Fahari I-REIT from an Unrestricted I-REIT into a restricted I-REIT and [...]Cost of Living Eases in August-KNBS Survey
Kenyans experienced an ease in the cost of leaving in the month of August from 7.3 per cent in July to 6.7 per cent last month, mainly attributed to drop [...]
