- NAIROBI, Kenya, April 7, 2025 – Global fintech firm Tala has been named Best Digital Credit Provider in Risk Management at the inaugural Think Business Digital Lenders Awards 2025, in recognition of its commitment to responsible lending, robust risk management, and customer-centric financial…
- LONDON, April 7 (Xinhua) — Countries may feel compelled to impose reciprocal tariffs of 19 percent on U.S. services to rectify persistent bilateral trade imbalances, The Economist magazine has said. In an article published on Saturday, the magazine applied the same methodology for services used by…
- NAIROBI, Kenya, April 7 – The Kenya Medical Association Regulated Non WDT Sacco Limited (KMA) plans to write off Sh525 million in shares held at the Kenya Union of Savings and Credit Cooperatives (Kuscco), which is currently facing financial challenges after billions of shillings were lost under…
- NEW YORK, April 7 (Xinhua) — U.S. stock futures continued to plummet on Sunday night, as wary investors fear the repeat of “Black Monday” in the stock market. The E-Mini Dow Continuous Contract, E-Mini S&P 500 Future Continuous Contract and E-Mini Nasdaq 100 Index Continuous Contract sank as…
- APRIL 7 – Zimbabwe’s President Emmerson Mnangagwa has announced he will suspend tariffs on goods imported from the US in an attempt to build a “positive relationship” with President Donald Trump’s administration. The move comes days after Trump imposed 18% tariffs on Zimbabwean exports to the US. “…
- NAIROBI, Kenya, Apr 7 – Metropolitan National Sacco Ltd has announced plans to rebrand, including a name change, as part of a broader recovery strategy following prolonged financial struggles and insolvency. The move follows revelations of widespread misappropriation of funds by individuals within…
- NAIROBI, Kenya, April 6 – Garnier, Kenya’s leading face care brand, has unveiled Garnier Super UV SPF 50, a sunscreen specifically formulated for melanin-rich and African skin, addressing the rising demand for effective, affordable sun protection. With growing awareness around the importance of…
- NAIROBI, Kenya, April 6 – Listed non-banking financial services company Sanlam Kenya Plc has announced that its Rights Issue, aiming to raise up to Sh2.5 billion, will open in two weeks following regulatory approvals. The company has secured all necessary regulatory approvals from the Capital…
- By Samuel Gitau, APRIL 6 – The eight-country regional trading bloc, the Intergovernmental Authority on Development (IGAD), faces enduring governance issues. Since independence, numerous leadership changes throughout member states have failed to resolve persistent governance deficits that combine…
- WASHINGTON, April 6 (Xinhua) — U.S. Secretary of State Marco Rubio said Saturday that the United States is canceling all visas held by South Sudanese passport holders and suspending the issuance of new ones. The action comes after South Sudan’s transitional government failed to accept the return of…
- NAIROBI, Kenya, Apr 6 – Young African entrepreneurs are set to explore new business opportunities as the Elite’s Jamboree event opens in Dubai, coinciding with Kenya’s move to formalize a trade agreement with the United Arab Emirates. The event comes as Kenya’s Cabinet Secretary for Investments,…
- APRIL 5 – Thursday was a “terrible” and “devastating” day for people involved in Lesotho’s textile sector as they digested the news that the country’s exports to the US would be hit by a 50% import tax, or tariff. Teboho Kobeli, who founded Afri-Expo Textiles and employs 2,000 people in the country…
- NAIROBI, Kenya, Apr 5 – The government has launched a comprehensive industry mapping and geo-location exercise in Nairobi in a bid to accelerate the country’s manufacturing growth and economic development. Presiding over the launch, Industrialization Secretary Erastus Gatebe said the initiative is…
- NAIROBI, Kenya, Apr 5 – More than 1,000 dormant administrative units in Kenya that exist in law but have never been operational are set to be revived under new reforms unveiled by Cabinet Secretary for Interior and National Administration Kipchumba Murkomen. The reforms seek to activate 24 sub-…
- LOS ANGELES, April 5 (Xinhua) — Tariffs could lead to a 10 percent drop in cargo volume moving through the Port of Los Angeles later this year, the U.S. largest port’s Executive Director Gene Seroka warned Friday. “We need lumber from Canada; appliances from Mexico; aluminum, steel, copper and…
- NAIROBI, Kenya, Apr 5 – The Central Bank of Kenya (CBK) has unveiled the Kenya Green Finance Taxonomy (KGFT) and Climate Risk Disclosure Framework, key tools aimed at fostering a sustainable and climate-resilient banking sector. The new measures build on CBK’s 2021 guidance on climate-related risk…
- By Dr. Richarlls Martins and Mr. Rajat Khosla APRIL 5 – As global leaders prepare to convene for the Commission on Population and Development (CPD) in New York on 7 – 11 April 2025, the world finds itself at a critical crossroads. We can either recommit to human dignity, equality, and justice—or…
- KITUI, Kenya, April 4 – Sidian Bank Kenya Limited has relocated its Kitui branch to a more strategic and customer-centric location in the heart of Kitui town, as part of its bold expansion strategy. The new branch, situated at Telyndo Building on Biashara Street, replaces the former location at…
- By Amos Mzenge APRIL 4 – Most people are conversant with the 50-30-20 rule on money, and its variations, as regards expenditure and savings. Whilst financial success can somewhat be attributed to saving every possible penny, building a hefty savings kitty should not take over one’s life to the…
- ANKARA, April 4 (Xinhua) — Türkiye’s annual inflation rate decreased for the 10th consecutive month in March, easing to 38.1 percent down from February’s 39.1 percent, the lowest level since December 2021, official data showed on Thursday. According to the data, the consumer price index (CPI)…
- NAIROBI, Kenya, April 4 – The Government has announced a 50 percent duty waiver on imported yellow maize amid rising prices caused by competition between animal feed millers and maize millers for white maize. The waiver, which will apply to 5.5 million bags of yellow maize for one year, will only…
- APRIL 4 – China has just said it will add a 34% tariff on US goods starting from 10 April. Its finance ministry says the US tariffs on Chinese products are “not in line with international trade rules”. US President Donald Trump has announced 54% tariffs on China, which include previous duties…
- NAIROBI, Kenya, April 4 – The U.S. has raised concerns over corruption in Kenya’s tender procurement processes, citing lack of transparency and fairness. According to the 2025 National Trade Estimate Report, public tenders are often influenced by graft, locking out U.S. firms from government…
- CAIRO, April 4 (Xinhua) — Egypt received a 1.2-billion-U.S.-dollar loan tranche from the International Monetary Fund (IMF) on Thursday, the government said, following the fund’s approval of the fourth review of the country’s economic reform program. “The tranche due for the IMF fourth review,…
- NAIROBI, Kenya, Apr 4 – The United Nations Deposit-Taking Savings and Credit Cooperative Society Ltd. (UN Sacco) has announced plans to conduct a forensic audit following mounting concerns over the alleged embezzlement of funds by its members. The decision comes in response to growing pressure from…
- By Eugine Mutekhele, APRIL 4 – For years, the role of the Chief Financial Officer (CFO) was defined by discipline, precision, and stewardship. Ensuring financial compliance, managing risk, and preserving shareholder value were the defining pillars. But as business models evolve and markets demand…
- NAIROBI, Kenya, April 4 – The New Cities Summit 2025, set for June 12-13 in Nairobi, will feature the Cities Catapult pitch competition, connecting urban innovators with investors and policymakers. Hosted by the Charter Cities Institute (CCI) and the Africa Infrastructure Development Association (…
- NAIROBI, Kenya, April 4 – The Kenya Private Sector Alliance (KEPSA) and the Kenya Investment Authority (KenInvest) have signed a Cooperation Agreement to enhance investment and economic growth in Kenya. The partnership, formalized by KEPSA CEO Carole Kariuki and KenInvest CEO John Mwendwa, aims to…
- VIENNA, April 4 (Xinhua) — The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, announced on Thursday that they will increase oil output by 411,000 barrels per day (bpd) in May, exceeding expectations. According to a statement on the OPEC website…
- NAIROBI, Kenya, April 4 – Kenya will host the CorpsAfrica All-Country Conference (ACC 2025) this June, bringing together over 1,000 young Africans at the Kenya School of Government in Nairobi. Organized by CorpsAfrica, the event aims to harness Africa’s youthful population for community-led…
- NAIROBI, April 4 (Xinhua) — Governments and industry partners must step up financing for sustainable development to cushion vulnerable communities from poverty, climate crisis, hunger and resource-based conflicts, officials told a forum held in the Kenyan capital of Nairobi on Thursday. Kenya is…
- April 4 – A potential trade agreement between India and the United States could impact key sectors such as agriculture, automobiles, and pharmaceuticals, according to a report by Jefferies. These sectors are politically and economically sensitive for India due to high tariff rates, with the report…
- BRUSSELS, April 3 (Xinhua) — European leaders on Thursday launched a wave of criticism against U.S. President Donald Trump’s sweeping tariff increases, warning of global economic fallout, rising inflation, and a resurgence of protectionism. As calls for unity mounted across the bloc, the European…
- NAIROBI, Kenya, Apr 3 – Jubilee Holdings Limited (JHL) has announced a record profit before tax (PBT) of Sh6.2 billion for the financial year ended December 2024, marking the first time the company has surpassed the Sh6 billion mark. The insurer’s gross written premiums (GWP) surged 34 percent to…
- NAIROBI, Kenya, Apr 3 – Kenya’s exports to the United States face a fresh challenge following a tariff shift by the U.S., a move that could further widen Kenya’s trade imbalance, currently at Sh1.7 trillion (12 percent of GDP). The Kenya National Chamber of Commerce and Industry (KNCCI) has raised…
- NAIROBI, Kenya, Apr 3 – The heads of Kenya’s key competition authorities have reaffirmed their commitment to regional collaboration on competition regulation and consumer protection during the 73rd Antitrust Law Spring Meeting in Washington, D.C. Willard Mwemba, CEO of the Competition and Consumer…
- APRIL 3 – Stock markets in London, Paris and Berlin fell as trading began on Thursday after US President Donald Trump’s sweeping announcements on tariffs. The UK’s FTSE 100 share index was down 1% while France’s Cac 40 fell 1.7%. Earlier Asian markets had slid, while the price of gold, which is…
- NAIROBI, Kenya, April 3 – Amica Saving & Credit last year secured a loan facility of Sh300 million from the Kenya Development Corporation (KDC) under the SAFER project for lending to micro, small, and medium enterprises. But there’s still a huge financing gap, with many smallholder firms…
- NAIROBI, Kenya, Apr 3 – Moi University has announced plans to declare redundancies, citing a sharp decline in student enrollment that has strained its financial position. In a notice addressed to the University Academic Staff Union (UASU), the institution’s Acting Vice-Chancellor, Prof. Kiplagat…
- NAIROBI, Kenya, Mar 27 – DIB Bank Kenya (DIBBK), a subsidiary of Dubai Islamic Bank PJSC, has reported a net profit of Sh103.4 million for the year ending December 31, 2024, a turnaround from a Sh256 million loss in 2023. The bank attributed this growth to increasing customer confidence in Shariah-…
- NAIROBI, Kenya, Mar 27 – Acorn Investment Management Limited (AIML) reported a Sh1.4 billion net profit for 2024 across its Acorn Student Accommodation Development REIT (ASA D-REIT) and Income REIT (ASA I-REIT), nearly 200 percent growth from Sh467 million in 2023. The strong performance was driven…
- NAIROBI, Kenya, Mar 27 – Equity Group has posted a profit after tax growth of 12 percent to Sh48.8 billion for the full year ending December 31, 2024, boosted by gains earned from regional subsidiaries as well as business diversification. The Kenyan unit contributed 46 percent to the Group’s total…
- MAR 27 – British Steel is launching a consultation that could see the closure of its two blast furnaces at Scunthorpe, putting between 2,000 and 2,700 jobs at risk. The company said the blast furnaces were “no longer financially sustainable” due to tough market conditions, the imposition of tariffs…
- NAIROBI, Kenya Mar 27 – Various travel agency stakeholders have been challenged to embrace greater collaboration including Public-Private Partnerships (PPP) to strengthen Kenya’s travel payment ecosystem particularly in the digital payment space. Speaking during the Kenya Travel Industry Payment…
- By Mercy Mwelu MAR 27 – Kenyan women are increasingly taking charge of their financial destinies. The shift from informal savings to structured investments signals a new era of financial independence and economic empowerment. While the road ahead still has obstacles, the trajectory is clear. Women…
- NAIROBI, Kenya, Mar 27 – Kenya’s healthcare sector has receive a boost after the government secured a Sh1.8 billion grant from China to upgrade key hospitals nationwide. Treasury Cabinet Secretary John Mbadi and the Ambassador of the People’s Republic of China to Kenya, Guo Haiyan, signed the deal…
- TOKYO, March 27 (Xinhua) — Japan’s automobile production will decrease by 4.3 percent annually over declining U.S. sales while overall industrial production could drop by 0.6 percent due to the U.S. expanded tariffs, the Japan Research Institute predicted. Shumpei Goto, a researcher at the…
- NAIROBI, Kenya, Mar 27 – Vivo Energy Kenya Limited and TotalEnergies are among the top Kenyan oil marketers who have lost their market shares in the latest Energy & Petroleum Regulatory Authority (EPRA) industry data. EPRA’s Energy & Petroleum Statistics Report shows that Vivo, which owns…
- NAIROBI, Kenya, Mar 27 – Smallholder farmers in Nyandarua, Meru, and Kisii have received a boost after the Micro Small Enterprise Authority (MSEA), the Kenya Development Corporation (KDC), and the House of Procurement entered into a deal to enhance cold storage facilities. The improved chilling…
- BY Fred Waswa MAR 27 – In Kenya, the retirement saving landscape presents some worrisome statistics: only 20% of the population is actively saving for retirement, with a staggering 80% having no form of safety net to tap into during retirement. That notwithstanding, the 20% are not saving enough.…
