Visa has announced a grant towards the Africa women impact fund(AWIF), a collaboration between Standard Bank and United Nations Economic Commission for Africa (UNECA). with 55 women who participated in …
Eastern Africa
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IEBC fires four poll officials on eve of Kenya elections
Four officials of the Independent Electoral and Boundaries Commission (IEBC), who were found holding a meeting at the home of a former member of the county assembly (MCA) aspirant in …
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Panic shopping set in across Nairobi from last Friday as Kenyans braced for a hotly contested presidential polls election Tuesday. Despite government assurances that on August 9 will cause no …
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Kenya has listed 14 merchandise and service sectors for trade under the African Continental Free Trade (AfCFTA), as it becomes among the first six to pilot the continental pact. This …
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The government of Kenya has given assurance that there will be enough maize flour, commonly known as unga, on the shelves in the coming days. Speaking to the press in …
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Banking, Finance & InvestmentEastern AfricaEconomy
NBK Secures Sh1.2bn To Enhance Financing To Public And Private Water Utility Firm
The National Bank of Kenya (NBK) has secured Sh1.2billion from impact investor, Water Equity, to enhance financing to public and private water utility companies and micro, small, and medium-sized enterprises. …
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CIC Insurance Group Plc has posted a 45 per cent growth in half-year profit to Sh376.3million from Sh259.5 million in the same period last year. The improved performance is on …
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Tea prices at the weekly Mombasa auction dipped slightly this week amid decreased demand for the commodity. At this week’s auction, a kilo averaged USD2.20(Sh262.13) up from USD2.22(Sh264.51) last week. …
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BusinessEastern AfricaFinance & ServicesFood Production
KRA Pursues probe of Kakuzi in tax evasion allegations
The Kenya Revenue Authority (KRA) has opened investigations against food producer Kakuzi over allegations of paying less tax as a result of cross-border financial deals with its majority shareholder Camellia …
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Eastern AfricaFinance & ServicesTechnology
NCBA Launches Sh2bn Electric Vehicle Finance Deal For Customers
NCBA Group has launched Sh2billion electric vehicle financing deal for its customers as part of its green finance strategy. The five-year deal will see customers enjoy asset financing of up …