Cabinet Secretaries Vetting to Begin Next Week
The National Assembly has released a schedule for vetting President William Ruto’s Cabinet nominees, Secretary to the Cabinet and the Attorney General, starting Monday next week. In a notice issued [...]
Treasury Reintroduces Plan to Reward KES 5 million for Capital Markets Fraud Whistleblowers
The Treasury has reintroduced regulations in Parliament that will earn whistleblowers who leak capital market fraud up to KES 5 million as the State moves to stop economic crimes. The [...]Kenya Spent KES 1.5 billion a day on Fuel Imports in H1 2022
Kenya’s fuel import bill hit an estimated KES .1.5 billion a day in the opening six months of the year on the back of high global oil prices. Data from [...]Maize Imports Record a 92% Rise on Tax Waivers and Shortages
Maize imports climbed over three times in the three months to June as traders rushed to take advantage of the government waiver of duty on imported grain to address local [...]Equity Bank Emerges Best Financier for Women Entrepreneurs at the Global SME Finance Awards 2022
Equity Bank has emerged as the Best Financier for Women Entrepreneurs at the Global SME Finance Awards 2022 organized by the International Finance Corporation (IFC). The lender was also named [...]
EPRA Hints at Granting Taifa Gas Licence to Operate in Kenya
The Energy and Petroleum Regulatory Authority (EPRA) has revealed that it is considering giving a licence to Tanzanian firm Taifa Gas Investment to construct a liquefied petroleum gas (LPG) import and storage [...]NALA Money Launches New Feature to Enable Kenyans in Diaspora Pay Bills via MPESA
NALA, a fintech startup that powers quick remittances from the UK and US to Africa, has launched a new feature that allows Kenyans in the diaspora to pay local bills [...]Kenya's Current Account Deficit Widens by 9.7% on Higher Cost of Fuel
Kenya’s current account deficit widened by 9.7 per cent in the second quarter of this year compared to a similar period last year on higher fuel and merchandise import costs. [...]NSSF to Appeal High Court Decision Barring Rise in Monthly Deductions to KES 2,068
The National Social Security Fund (NSSF) will challenge the High Court ruling that stopped its bid to increase monthly contributions from the current KES 200 to up to KES 2,068. [...]Ndovu Exits CMA Regulatory Sandbox to Offer Robo-advisory Services
The Capital Markets Authority (CMA) has granted a No Objection' to Ndovu app to roll out a robo-advisory solution to the mass market upon the successful completion of the test [...]Drought, Pre-election Jitters Cut Kenya's Economic Growth to 5.2%
Kenya’s economic growth slowed for a fourth straight quarter as its worst drought in at least 40 years, and pre-election jitters weighed on output. Gross domestic product increased by 5.2% [...]Inside Equity Bank's Ambitious Plan To Transform the Economy of DR Congo
Equity Group was founded in 1984 as Equity Building Society (EBS) with the goal of providing mortgage financing for the low income population. At the time, the vast majority of [...]
