Donald Trump Leads Joe Biden with over 63% among Kenyans in Recent TKWS Poll
It’s election year in the United States and the two front runners are looking toward rehashing their battle in 2020. A recent poll of over 1, 000 Kenyan professionals by [...]
Unease among Civil Servants as Kenya Moves to Contain Wage Bill
Human resource operations in the public service are headed for a shake up as the government moves to reduce its wage bill to 35 per cent against revenue by the [...]
Kenya Ranks 4th in Africa for High Net-Worth Individuals
Kenya has been ranked after South Africa, Egypt and Nigeria as African countries with the highest number of millionaires. Egypt, which is second in the continent, has 15,600 millionaires, 52 [...]EPRA Drops April-May Fuel Prices on Stronger Kenya Shilling
EPRA (Energy and Petroleum Regulatory Authority) has announced reductions in the pump prices of fuel, boosted by a stronger Kenya Shilling Exchange against the US $. EPRA figures show that [...]
IMF Retains Kristalina Georgieva As MD for Second Term
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term that commences on October 1st, 2024. “I am deeply grateful [...]Ethiopia's Ministry of Foreign Affairs Refutes Reports of Joining EAC
Earlier this week, Kenya’s CS for the East African Community (EAC), Arid and Semi-Arid Lands Penina Malonza stated that Ethiopia will soon be joining the regional bloc a development [...]20% Excise Duty on Digital Lenders is Financially Excluding Millions in Kenya
Digital lenders are against the 20% excise duty charged on interest and fees, on top of other taxes, arguing that it has raised the cost of credit and stifled innovation [...]Banks Switch Gears to Brick and Mortar Branches
Banks in Kenya have changed tact in the race for depositors, shifting their focus from digital platforms and other channels, mostly preferred by the high-end corporate customer, to opening physical [...]Zimbabwe Stock Exchange Begins Trading in New Gold-Backed Currency
The Zimbabwe Stock Exchange (ZSE) has begun trading in the country's new gold-backed currency, after the country's central bank demonetised the Zimbabwean dollar in a raft of monetary policy measures [...]
Kenya Stock Market Undervalued, Says World's Largest Asset Manager
BlackRock Inc., the largest asset manager globally, perceives a significant investment opportunity in Kenyan stocks. Despite being the poorest performers in 2023, Kenyan stocks have experienced a remarkable turnaround, emerging [...]Plan to Separate M-Pesa from Other Safaricom Businesses on Course-CBK
The Central Bank of Kenya (CBK) says plans to separate M-Pesa from other Safaricom businesses is still on course, and a meeting with the telecommunication company’s board over the matter [...]NSE Upgraded in New FTSE Russell Index Ratings
The Nairobi Securities Exchange (NSE) has been reclassified by the FSTE (Financial Times Stock Exchange) Russel Index from ‘Restricted’ to ‘Pass’, after it fixed delays in repatriating capital. “We are [...]
