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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

Harambee Sacco eyes Sh4bn in member's capital expansion share drive

Harambee DT Sacco has launched an ambitious share drive to generate revenue which will injected to finance the growth and expansion of the society in line with its strategic plan.

Harambee Sacco eyes Sh4bn in member's capital expansion share drive

End of an era: Hilton finally up for sale, taking with it nostalgic city memories

End of an era: Hilton finally up for sale, taking with it nostalgic city memories

Nigeria says wanted crypto boss Arjarwalla is holed up in Kenya

Nigeria says wanted crypto boss Arjarwalla is holed up in Kenya

Kenyan firms gear up for Africa's largest trade fair in Algeria

Kenyan firms gear up for Africa's largest trade fair in Algeria

Locked out: Survey shows Kenyan women struggle to access loans

Findings highlight need for financial sector including the banking regulator to address gender bias.

Locked out: Survey shows Kenyan women struggle to access loans

Africa and Caribbean nations to deepen trade ties at summit

The IMF predicts seven African nations and one from CARICOM (Caribbean Community) will be among the world’s ten fastest-growing economies.

Africa and Caribbean nations to deepen trade ties at summit

Women face discrimination in accessing loans, new survey shows

A new survey has found that women perceive a slightly higher level of gender bias than men while accessing financial services in Kenya.

Women face discrimination in accessing loans, new survey shows

Africa and Caribbean Nations set to deepen trade ties at Bahamas summit

African and Caribbean countries are poised to forge stronger trade ties at a landmark meeting in The Bahamas.

Africa and Caribbean Nations set to deepen trade ties at Bahamas summit

US vaccine giant Moderna 'suspends' plans to build Sh65b plant in Kenya

Moderna Inc inked a deal in 2022 with the Kenyan government to invest billions of shillings in a facility that would produce up to 500 million vaccine shots a year.

US vaccine giant Moderna 'suspends' plans to build Sh65b plant in Kenya

Major boost for Kenyan flower farmers as UK suspends export tariffs

Following the move, unlimited quantities of flowers can now be exported to the UK at 0% tariff, even if they transit via a third country.

Major boost for Kenyan flower farmers as UK suspends export tariffs

Naivasha traders call on state intervention following months of blackouts

Naivasha residents have petitioned Energy Cabinet Secretary Davis Chirchir and Kenya Power CEO Dr Joseph Siror to address frequent power blackouts in the area.

Naivasha traders call on state intervention following months of blackouts

AAR Hospital feted with healthcare award

The Quality Healthcare Kenyan Awards (QHKA) seek to honour excellence and innovation in health for quality, people-centered care.

AAR Hospital feted with healthcare award

Orwoba wants Assets agency management to step aside over staff 'victimisation'

Orwoba said action should be taken against the two officials after they allegedly sacked two managers who leaked internal information.

Orwoba wants Assets agency management to step aside over staff 'victimisation'

CBK's fresh bid to raise core capital puts small lenders, investors on edge

The banking regulator, the Central Bank of Kenya (CBK), has proposed a significant increase in capital requirements for commercial banks.

CBK's fresh bid to raise core capital puts small lenders, investors on edge

After avocado, KRA now trains its guns on sugarcane farmers

Suppliers are required to be registered on electronic tax system for their cane to be processed at factories as the government seeks to rope in more taxpayers.

After avocado, KRA now trains its guns on sugarcane farmers

Manufacturers shun railway over cost, flexibility concerns

The study, published recently by the manufacturers’ lobby says trucking is still preferred due to various reasons including cost, flexibility, and limitations of the SGR.

Manufacturers shun railway over cost, flexibility concerns

Revealed: Sh75 billion tax stalls M-Pesa's split from Safaricom

Telco has been under pressure to separate its lucrative mobile money unit from its telcoms business. With its huge payment transactions, M-Pesa already gives considerable competition to banks.

Revealed: Sh75 billion tax stalls M-Pesa's split from Safaricom

CBK spares borrowers hike in loan costs

CBK held the benchmark rate at 13 per cent, citing a reduction in money-driven inflation. Banks have cut lending to customers against an increase in loan defaults.

CBK spares borrowers hike in loan costs

Free delivery: Watchdog calls out e-commerce firms over rising scams

The watchdog has urged vigilance against deceptive practices employed by some online sellers and companies from fake deals to hidden charges.

Free delivery: Watchdog calls out e-commerce firms over rising scams

Ex-energy PS, Senator eye lucractive power sale deal

Patrick Nyoike and former Nyeri Senator Ephraim Maina have inked multi-billion-shilling pact with Indonesian firm to explore geothermal production in Naivasha.

Ex-energy PS, Senator eye lucractive power sale deal

Tough nut to crack: Why it's tough going for Nigerian lenders in Kenyan market

At their home in Africa’s biggest economy and most populous nation, Nigeria, they are banking giants with commanding market lead and trillions of shillings in worth of assets.

Tough nut to crack: Why it's tough going for Nigerian lenders in Kenyan market

Digital marketer Dennis Maina feted at Forty Under 40 Africa Awards

Suss Digital Africa founder Dennis Maina’s success in the digital marketing world was named among the Forty under 40 for the 2024 edition.

Digital marketer Dennis Maina feted at Forty Under 40 Africa Awards

Licensing dispute pits big coffee companies against farmers' lobby

Kiambu County government issued milling licenses to a section of commercial millers. Union says the move is in total contravention of the regulations of 2019

Licensing dispute pits big coffee companies against farmers' lobby

Looming crisis as top lenders stare at Sh500b in bad loans

The latest data shows that non-performing loans rose by Sh25 billion to Sh556.9 billion last year. This is as businesses and individuals struggle to pay up in a difficult economic environment.

Looming crisis as top lenders stare at Sh500b in bad loans

Investors cheer as NCBA, DTB and Family Bank issue Sh7b dividends

Tier one lenders NCBA Group, DTB Bank Kenya, and Family Bank grew their annual profits and maintained dividends even as concerns mounted on the outlook of the economy

Investors cheer as NCBA, DTB and Family Bank issue Sh7b dividends

Equity's Sh2.9b profit dip as big lenders feel heat

It follows in the footsteps of KCB Group, which recently announced a Sh3.3 billion drop in net earnings. This is on account of increased provisioning to cover bad loans last year.

Equity's Sh2.9b profit dip as big lenders feel heat

Can new UAE trade pact help Nairobi to be the 'Dubai of Africa'?

Nairobi, the capital of Kenya, shares some of these characteristics, albeit on a smaller scale due to varying economic strength and the number and quality of investors in each city.

Can new UAE trade pact help Nairobi to be the 'Dubai of Africa'?

Job cuts loom as Ruto now targets State-owned firms to fund Sh4tr budget

Cash-rich parastatals will be required to remit 80 per cent of their profits after tax to the National Treasury. Others that have duplicated roles will be merged.

Job cuts loom as Ruto now targets State-owned firms to fund Sh4tr budget

Communication agency inks deal with Italian-based firm to promote online sector

A new partnership between a Kenyan and Italy-based firm is seeking to promote the country’s fast-growing online wagering sector.

Communication agency inks deal with Italian-based firm to promote online sector

IM posts Sh12.6 billion profit

I&M joins a host of tier-one peers who have raised dividend distributions to shareholders on the back of increased profit last year.

IM posts Sh12.6 billion profit

Parliament seeks audit answers on Sh60bn unclaimed assets held by State agency

The Unclaimed Financial Assets Authority (UFAA) - the agency mandated to reunify billions of unclaimed assets - has been sitting on billions in idle cash, shares and dividends.

Parliament seeks audit answers on Sh60bn unclaimed assets held by State agency

Co-op Bank recommends Sh8.8bn dividend as profit hits Sh23.2bn

Co-operative Bank of Kenya has recommended a dividend at Sh1.50 per share or an aggregate of Sh8.8 billion for 2023 after its net earnings grew by five per cent.

Co-op Bank recommends Sh8.8bn dividend as profit hits Sh23.2bn

KCB sells its loss-making National Bank as profit dips

KCB Group announced its profit for the year ended December dropped by 8.27 per cent to Sh37.4 billion on higher costs. It will be a dividend drought for shareholders.

KCB sells its loss-making National Bank as profit dips

Safaricom eyes more revenues in Longhorn-backed school tablets deal

Longhorn Publishers through LoHo Learning has partnered with Safaricom to launch a new digital learning platform designed to offer learning materials through mini computers.

Safaricom eyes more revenues in Longhorn-backed school tablets deal

KRA noose tightens on hustlers

From bodaboda riders to jua kali artisans from matatu operators to mama mbogas these business people will have to issue etims recepits for all the transactions paid.

KRA noose tightens on hustlers

Kenyans abroad fuel economy as inflows hit Sh584b in 12 months

The money sent home was 24.8 per cent higher than the Sh41 billion sent a year before in 2023.

Kenyans abroad fuel economy as inflows hit Sh584b in 12 months

Higher taxes won't cure flagging revenues, Treasury boss admits

CS Njuguna Ndung’u maintains that the Kenya Kwanza regime is firmly focused on instituting tax reforms to bring tax equity and broaden the tax base.

Higher taxes won't cure flagging revenues, Treasury boss admits

Shilling continues good form, traders hope for cheaper wares

Data by CBK showed the shilling exchanged at an average of 137.49 against the dollar on Thursday, underlining the strengthening of the local currency in under a month.

Shilling continues good form, traders hope for cheaper wares

Co-op Bank and Isuzu ink vehicle financing pact for schools, MSMEs

The asset finance scheme is designed for schools and businesses that desire easier financing terms to assist them in coping with the current cash-starved operating environment.

Co-op Bank and Isuzu ink vehicle financing pact for schools, MSMEs

StanChart defies economic jitters, issues Sh11b dividend

Total payout of Sh29 per share is on the back of higher interest and non-funded income.

StanChart defies economic jitters, issues Sh11b dividend

Pioneer women CEOs leading the way in Kenya's banking sector

On Friday, Kenya and the rest of the world celebrated International Women’s Day. This global event honours women’s societal achievements in culture, politics, economics, and beyond.

Pioneer women CEOs leading the way in Kenya's banking sector

Mobile rules as Co-op Bank tops customer service

The Kenya Bankers Association (KBA) survey says bank customers in Kenya use mobile for banking more than any other channel.

Mobile rules as Co-op Bank tops customer service

Dr Susan Koech: The 'Iron Lady' of Kenya's financial sector

Dr Koech shapes monetary policy and oversees currency, banking services. In this role, she ensures the stability and integrity of the nation’s financial system.

Dr Susan Koech: The 'Iron Lady' of Kenya's financial sector

KRA targets hustlers and farmers with enhanced tax enforcement

The taxman has launched the system at a time when its plans to expand the tax bracket to the informal sector have come under scrutiny.

KRA targets hustlers and farmers with enhanced tax enforcement

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