Kenya’s Private Sector Activity Slows Faster in June PMI
Kenya’s Private Sector Activity shrunk in June as a result of rising inflation and a rapidly weakening Kenya Shilling against the greenback, the increasing prices of raw materials and slowing [...]
Kenya’s Economic Growth Slows to 5.3% in Q1 2023 Treasury
Kenya’s economy expanded by 5.3% in the first quarter of 2023, a decline from 6.2% in the corresponding quarter of last year. During the same period, Kenya’s stock of external [...]Safaricom Upcoming AGM Highlights
Safaricom Plc shareholders are set to approve the payment of a final dividend of KSh 0.62 per share or a total of KSh 24.84 billion at the firm’s 2023 Annual [...]Diamond Trust Bank and Kenya Bankers Association Collaborate to Empower SMEs with ESG Practices
In a strategic effort to drive sustainable business growth and promote responsible practices among micro, small, and medium enterprises (MSMEs), Diamond Trust Bank (DTB) partnered with the Kenya Bankers Association [...]
KNBS Survey: Mobile Phone Ownership Surpasses Bed
Mobile phone ownership in Kenya has increased from 86 per cent in 2014 to 94 per cent in 2022 signifying the growing importance of the gadget in communication and other [...]4G Capital -Promoting Sustainable Development through ESG-Aligned Lending Practices
4G Capital is a financial institution that focuses on providing responsible and inclusive lending solutions to micro and small businesses in emerging markets. The company operates with a unique approach [...]
CBK Accepts Bids Worth KSh 18.5B in June T-Bonds Tap Sale
Central Bank of Kenya (CBK) accepted bids worth KSh 18.552 billion in the June 2023 Treasury Bonds tap sale. Bids received during this sale amounted to KSh 18.560 billion out [...]SBDC Rafiki AI Chatbox for SMEs launched in Kenya
SBDC Rafiki, an advanced AI chatbot designed to empower small businesses, has been launched in Kenya. SBDC Rafiki is a digital advisor that offers 24/7 support, tailored advice, and crucial [...]KRA Processes Over 5.4 M Tax Returns As June Deadline Looms
Kenya Revenue Authority(KRA) had received over 5.4 Million tax records as at 28th June as more Kenyan taxpayers rushed to beat the 30th June deadline set for submission of returns. [...]EPRA Unearths Fuel, LPG Malpractices
The Energy and Petroleum Regulatory Authority (EPRA) has identified and punished crooks in the oil and gas industry putting lives of many Kenyans at risk and creating unhealthy competition. During [...]CBK Collects KSh 5.5 Billion from Week's T-Bills Auction
Central Bank of Kenya(CBK) collected bids worth KSh 5.52 billion at this week’s Treasury Bills auction out of the KSh 24 billion offered. The most attractive instrument was the 91-day [...]Safaricom Appoints Wim Vanhelleputte as CEO For Ethiopian Market
Safaricom has appointed Wim Vanhelleputte as the new Chief Executive Officer of Safaricom Telecommunications Ethiopia effective 1 September. He replaces Anwar Soussa who will be exiting the company end of [...]
