Stories By Bernard Wafula
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Kenafric’s expansion gains CAK approval in economic industries acquisition
Dec 19, 2024 at 08:50 PM
The Competition Authority of Kenya (CAK) has given the green light for Kenafric Manufacturing Limited to acquire the business and assets of Economic Industries Limited....
Kenya’s debt soars to Sh10.8 trillion as pressure on finances mounts
Dec 19, 2024 at 12:15 PM
Kenya’s public debt has surged to Sh10.8 trillion, as reported by the Central Bank of Kenya (CBK) in its latest September 2023 data....
MPs reject proposal to centralise KRA deputy commissioners’ appointments
Dec 18, 2024 at 02:13 PM
Members of Parliament have rejected a government-backed proposal to transfer the authority to appoint Kenya Revenue Authority (KRA) deputy commissioners solely to the Commissioner ...
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Kenya extends G-to-G fuel importation deal as global crude prices fluctuate
Dec 17, 2024 at 08:52 PM
The Kenyan government has secured an extension to its crucial deal with Saudi Aramco, the Abu Dhabi National Oil Corporation (ADNOC), and the Emirates National Oil Company (ENOC) t...
Kenya Bankers Association appoints Raimond Molenje as its new CEO
Dec 16, 2024 at 11:03 AM
The Kenya Bankers Association (KBA) has appointed Raimond Molenje as its new Chief Executive Officer, effective December 1, 2024....
World Bank cuts Kenya's 2024 economic growth projection by 0.3 per cent
Dec 10, 2024 at 03:39 PM
The World Bank has revised Kenya's economic growth projection for 2024 to 4.7 per cent, down from an earlier estimate of 5.0 per cent....
Kenyan fintech Leja surpasses Sh256 billion in B2B transactions in 2024
Dec 10, 2024 at 01:54 AM
Kenyan fintech firm Leja has announced that its B2B payment service has processed $2 billion (approximately Sh259 billion in transactions since its launch earlier this year....
Kenyan banks undertake to lower their interest rates in line with CBK directive
Dec 09, 2024 at 07:55 PM
Kenya’s banking industry is gearing up to reduce lending rates in a move to tackle the persistent challenges of high borrowing costs, as announced by the Kenya Bankers Associatio...
KRA announces it has surpassed Sh1 trillion revenue mark ahead of schedule
Dec 09, 2024 at 02:00 PM
The Kenya Revenue Authority (KRA) has achieved a significant milestone by collecting Sh1.005 trillion in revenue as of November 30, 2024....
Airtel Money unveils festive lifeline with Paybill 'Rudishiwa Transaction Fee' offer
Dec 06, 2024 at 05:13 PM
Airtel Money customers have been handed a festive season lifeline with the launch of the “Rudishiwa transaction fee” offer....
M-Pesa clocks 34 million users in Kenya
Dec 05, 2024 at 03:44 PM
In November 2024, Safaricom’s mobile money service, M-Pesa, marked a significant milestone with 34 million subscribers....
I&M Bank also reduces its lending rates
Dec 02, 2024 at 10:11 AM
I&M Bank has announced a 0.75 per cent reduction in its interest rates, following the Central Bank of Kenya's (CBK) recent decision to lower the Central Bank Rate (CBR)....
CMA approves safaricom's Ziidi Money Market Fund, expanding financial inclusion
Nov 28, 2024 at 03:57 PM
The Capital Markets Authority (CMA) has granted Safaricom PLC approval to launch the Ziidi Money Market Fund as a Collective Investment Scheme (CIS), a move that promises to reshap...
How to unlock more value, convenience and special rewards with LOOP Visa Card
Nov 27, 2024 at 01:12 PM
If there is a card that enables one to access more variety of solutions more effortlessly and in a more personalized way to match their unique needs then it is the new LOOP Visa Ca...
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CMA grants approval for several firms across multiple license categories
Nov 26, 2024 at 03:59 PM
The Capital Markets Authority (CMA) has approved licences for a range of firms, strengthening Kenya’s financial landscape and expanding opportunities in the capital markets....
Bolt Food introduces early cashout for courier partners in Kenya
Nov 26, 2024 at 10:19 AM
Courier partners working with Bolt Food in Kenya now have access to their earnings faster, thanks to the newly launched Early Cashout feature....
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Safaricom launches tech training programme for youth with disabilities
Nov 22, 2024 at 11:48 AM
Safaricom has introduced a new tech re-skilling programme aimed at young Persons with Disabilities (PWDs)....
NBK records 142 per cent increase in post-tax profit to Sh1.2 billion in Q3 2024
Nov 21, 2024 at 10:41 PM
The National Bank of Kenya (NBK) has achieved remarkable financial success, reporting a Sh1.2 billion profit after tax for the third quarter of 2024....
Equity unveils Joska branch, expanding its footprint to 212 locations nationwide
Nov 20, 2024 at 11:04 AM
Equity Bank has inaugurated its latest branch in Joska, located along Kangundo Road in Machakos County but within the Nairobi Metropolitan Area, extending its national branch netwo...
Absa Bank Kenya reports 20 per cent surge in post tax profit to Sh14.7 billion
Nov 19, 2024 at 11:17 PM
Absa Bank Kenya has reported a remarkable Sh14.7 billion in profit after tax, a 20 per cent increase from last year, marking a year of impressive financial resilience....
