13 March 2023
- Foreign exchange reserves are used for State payments such as servicing external debt. The reserves are now below the desired 4.5 months import cover recommended by regional trade block EAC.
13 March 2023
- Budget deficit reduced and cost of living to come down, advisors claim. State seeking to import fuel on credit to ease dollar shortage.
13 March 2023
- Money254 is an independent financial comparison service. Our vision is to ensure you have the knowledge, tools and access to confidently make the most out of the money you have. We enable you to search, compare and directly apply for financial,…
13 March 2023
- WASHINGTON, United States, Mar 13 – President Joe Biden sought to reassure Americans over the country’s banking system Monday, while insisting emergency measures would not be paid for by taxpayers as additional banks came under stress. SVB — a key…
13 March 2023
- NAIROBI, Kenya March 13 – Nearly three in ten (85 percent) Tala customers have adopted a saving culture, channeling more of their loans to savings with the aim of achieving financial independence. Digital borrowers are known to borrow to spend…
13 March 2023
- Kenya and the World Bank have increased the amount under discussion for a potential budget support loan this fiscal year by a third to $1 billion, a document posted on the bank's website showed.
13 March 2023
- NAIROBI, Kenya, March 13 – Banks will now offer faster clearing services for cheques, direct debits, and electronic funds transfer following an upgrade of the Automated Clearing House (ACH) to the ISO 20022 standard. ISO 20022 is a global standard for…
13 March 2023
- NAIROBI, Kenya, Mar 13 – Low-cost carrier Jambojet has increased flights between Nairobi and Goma in the Democratic Republic of the Congo (DRC). It will now fly four times weekly to DRC on Monday, Wednesday, Friday, and Sunday. The increase comes at a…
13 March 2023
- From soap operas to sipping (and selling) wine, Mbalenhle Mavimbela rose to popularity in South Africa in 2020 with streaming platform Showmax airing the telenovela, The Wife, based on Dudu Busani-Dube’s book series Hlomu the Wife. Mavimbela, who…
13 March 2023
- NAIROBI, Kenya, Mar 13 — In celebration of Women’s Month, ALX has announced its first dedicated Software Engineering cohort for women, enabling up to 50,000 women across Africa to participate in the global technology revolution and helping to…
13 March 2023
- BRUSSELS, Belgium, Mar 13 – The EU must urgently lower energy prices and ease regulations to stop industry fleeing the continent, European businesses said on Monday, as Brussels prepares plans to stimulate the green economy. The European Union is…
13 March 2023
- NAIROBI, Kenya, March 13 – Xiaomi has announced the official launch of Redmi 12C, an entry-level device offering good performance at a highly affordable price. The Redmi 12C will be available in Kenya from March 13, retailing from between Sh13,999-…
13 March 2023
- NAIROBI, Kenya, Mar 13 – Britam Insurance Company took home two awards at the Association of Kenya Insurance (AKI) that was held over the weekend. The insurer scooped both the general insurance and life insurance company of the year awards. It emerged…
13 March 2023
- NAIROBI, Kenya, March 13 – Newly appointed Kenya Ports Authority(KPA) managing director Captain William Ruto has assured employees that he will take care of their grievances. Speaking shortly after taking over office in Mombasa, the seasoned mariner…
13 March 2023
- In a whitepaper for Asia-Pacific business leaders on the topic of major depression, professional services firm KPMG in Singapore reported that stigma and discrimination on mental health are the biggest factors preventing people from seeking related…
13 March 2023
- Insurance industry players converged in Nairobi over the weekend to celebrate winners of the AKI Awards for the year 2022. The AKI Awards, hosted by the Association of Kenya Insurers, saw Britam take both the General Insurance Company of the Year and…
13 March 2023
- In its five years of existence, the company has worked with high-profile political and governmental entities from across Africa. They include Tanzanian President Samia Suluhu, former President Uhuru Kenyatta, Zimbabwean opposition leader Nelson…
13 March 2023
- It is estimated that at least 50,000 graduates are churned out of public and private universities in Kenya every year, to fight for limited job slots in the job market. Still, employers seem to be avoiding hiring the modern graduate, and those who do…
13 March 2023
- WASHINGTON, United States, Mar 13 – US authorities unveiled sweeping measures Sunday to ease fears over the health of the banking system following the failure of Silicon Valley Bank, as regulators took over a second troubled lender. Regulators stepped…
13 March 2023
- NAIROBI, Kenya, March 13 – Kenya’s smartphone market declined for the second consecutive quarter in the fourth quarter of 2022, with shipments down 13.5 per cent year on year, said the International Data Corporation (IDC) in a report released Friday.…
13 March 2023
- In the modern world, the role of education certificates is gradually shifting from being proof of being educated to proof of having gone to school. According to Bernard Kiragu, the executive director of the Traction School of Governance and Business (…
13 March 2023
- NAIROBI, Kenya, Mar 13 – Safaricom Chief Executive Officer (CEO) Peter Ndegwa has dismissed claims that he will be leaving the company. Ndegwa dismissed the claims as untrue. The speculation comes at a time when he has completed his three-year tenure…
13 March 2023
- Mombasa, Kenya, March 13 – Captains and logistics sector operators have congratulated Captain William Kipkemboi Ruto on his appointment as the Managing Director (MD) of the Kenya Port Authority (KPA). Speaking in a press conference in Mombasa, the…
13 March 2023
- To enhance compliance and make it easier for thousands of business people to manage their VAT collection and payment, Kenya Revenue Authority introduced the Tax Invoice Management System (TIMS).
13 March 2023
- Stockholm, Sweden, March 13 – Arms imports into Europe almost doubled in 2022, driven by massive shipments to Ukraine, which has become the world’s third-largest destination, researchers said Monday. With a 93 percent jump compared to the year before…
13 March 2023
- NAIROBI, Kenya, March 13 – Kenya’s forex reserves hit an all-time low last Friday amid a raging dollar crisis in the market which has seen the shilling hit a low of 129 units to the greenback. According to the latest Central Bank of Kenya(CBK) weekly…
13 March 2023
- With star backers like Leonardo DiCaprio and a planet-friendly mission, neobank Aspiration reached a valuation of $2.3 billion in 2021. Then growth stalled and its SPAC deal was delayed. Now it’s hawking its services in the dubious carbon credits…
13 March 2023
- Radio 47, set to launch on Monday, 13 March, 2023, is set to rival big names in the media industry. The radio station is a sister company to TV 47 owned by Cape Media Company. The proprietor is understood to have acquired radio frequencies from a…
13 March 2023
- NAIROBI, Kenya, Mar 12 – Before the Covid-19 pandemic struck, e-commerce was not that widespread in Kenya. After the government introduced stringent lockdown measures such as movement restrictions, among others, shopping was physically impeded.…
13 March 2023
- BEIJING, China, Mar 13 – China’s new Premier Li Qiang warned Monday it would be “no easy task” for the country to hit its annual growth target, already one of Beijing’s lowest in decades. “I’m afraid that reaching our growth target of around five…
13 March 2023
- Garissa, Kenya, March 13 – Livestock farmers in the North Eastern region have been urged to embrace farming as an alternative source of livelihood as the region continues to grapple with prolonged drought which continues to ravage the livelihoods of…