How sugar funds the Al-Shabaab
The complex interplay between economics, trade policies, and security threats often yields unexpected outcomes. In the case of Al-Shabaab, the
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Author: James Wambua
Why bankers want key lending rate kept at 10.5 percent
Bankers want the benchmark lending rate maintained at 10.5 percent in the upcoming Monetary Policy Committee (MPC) review next week,
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ILAM Fahari I-REIT unitholders give thumbs up to delisting
Unitholders of ILAM Fahari Real Estate Investment Trust have approved the proposed operational restructuring and the delisting of the REIT
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The last of touch and feel readers
Just like dinosaurs such as myself are transitioning from physical newspapers to the digital world, the future of the traditional medium appears as uncertain as the old media. Early this year, the giant US online retailer Amazon ceased offering subscriptions to newspapers and magazines. The giant online retailer did not provide a reason for this sudden action, though it is evident that fewer and fewer individuals are subscribing to these services. Consequently, continuing to support subscribers for Amazon would have been a financially unwise decision. The sale of news subscriptions has historically proven challenging for many medium-sized organizations, including those here in Kenya. Therefore, the…
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The dark side of Tap-and-Go on Black Friday
In the ever-evolving landscape of modern commerce, the convenience of tap-and-go payment systems has become an undeniable allure for consumers
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KCB Group’s Congo entry pays off as assets cross Sh2 trillion
Regional lender KCB Group has achieved a significant milestone by becoming the first financial institution in the region to exceed
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High-interest rate regime sees Kenya shift financing strategy
Kenya has announced a shift in its financing strategy, pivoting towards concessional loans due to uncertainties surrounding access to global
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Subsidiaries drive Equity profit up 5 percent to Sh36.2 billion
The net earnings of regional lender Equity Group for the third quarter increased by 5 percent to Kes36.2 billion, driven
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Kenya gets nod for Sh100 billion fresh IMF loan
The International Monetary Fund (IMF) announced on Thursday that it has secured a provisional agreement with Kenya, allowing for the immediate disbursement of $682.3 million (KES 103.85 billion). The country has also secured an augmentation of the current program’s funding by $938 million (142.76 billion). The IMF noted that uncertainty surrounding Kenya’s ability to access financial markets had been placing significant strain on liquidity. This was primarily attributed to the impending maturity of a substantial Eurobond, valued at $2 billion and set to mature next year. Haimanot Teferra, the head of the IMF’s Kenya mission, explained, “The tightening global financing conditions for frontier economies and…
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Tanzania accelerates adoption of CNG-powered vehicles
In the race to enhance environmental sustainability across East Africa, Tanzania is pressing the gas pedal in the deployment of
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