BasiGo and AVA aim to manufacture over 1,000 electric buses in the next 3 years.Read More
Africa
Finance/Economics
Kenya
Market Place
Money Market
Kenya’s external debt up by close to Sh400bn on weak
The weakening shilling has seen the country's debt rise by Sh400 billion in the past year as it depreciates almost 10 per cent against the US Dollar.Read More
Brenda Masinde is the new Kenya Power and Lighting Company PLC Board of Directors Chairperson. Read More
Atleast 15.4 million Kenyans have borrowed Kes 7.5 billion since its launch 13 days ago on November 30th,2022, President William Ruto has announced.Read More
KWALs campaign recognized as best marketing campaign this year. Read More
Awori has been with the bank for nearly 10 years.Read More
Circular Economy/Manufacturing
Corporate
Finance/Economics
Kenya
CBK Raises Alarm Over Increased Borrowing by Government Parastatals
Increased borrowing of billions of shillings by parastatals to cover salaries, wages, and other operating costs has alarmed the Central Bank of Kenya (CBK), which is concerned that this will make it harder for the parastatals to repay the loans. According to the CBK, the parastatals find themselves in a bad financial position owing to […]Read More
Circular Economy/Manufacturing
Finance/Economics
Kenya
How Kenya’s Election Period Affects the Economy.
Elections over the past have had great economic implications on Kenyans who are often forced to buy basic commodities at an increased price during the election period with this year’s election period being the worst of all. According to government, the prices of commodities have increased owing to the global inflation levels with the country’s […]Read More
Top executives of the now-defunct Deloitte and Touché accounting firm were penalized by the Capital Markets Authority (CMA) for their suspected involvement in the 2015 sale of a Sh10 billion medium-term bond. The regulator fined former Chase Bank managing director Duncan Kabui Sh5 million and barred him for ten years from serving as a director […]Read More
Corporate
Finance/Economics
Kenya
Employment and fighting corruption among top Wishlist of Kenyans –
A survey conducted by IPSOS now shows that most Kenyans Wish that the next government administration deals with employment and corruption issues immediaely theyit gets into power. Other issues that Kenyans wish the next administration deals with include issues of education access and the quality of education. Speaking during the IPSOS poll results that have […]Read More
