Kenyans believe the country under President William Ruto’s leadership is heading in the wrong direction, as revealed by the Africa Centre for Open Governance (AfriCOG) in its final report of 2024 titled “Wrong direction Corruption in Kenya 2022-2024.” The report details the mechanics of serious instances of corruption in Kenya over the past three years. Already, the government’s […]
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The World Bank has raised close to $24 billion to provide loans and grants for some of the world’s underdeveloped nations, which it can leverage to generate a record $100bn in total spending power. Donor countries committed $23.7bn to replenish the bank’s concessional lending arm, known as the International Development Association (IDA), a World Bank […]
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Majid Al Futtaim, the operator of Carrefour in Kenya, has taken a deliberate step to nurture the next generation of retailers by opening its first business school in Nairobi. Located at Two Rivers Mall, this initiative is set to upskill over 1,500 employees annually and aims to cultivate the next generation of retail leaders in […]
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Premier Bank has partnered with Mastercard to introduce a collection of Shari’ah-compliant debit, credit, and prepaid cards. The fresh Premier and Mastercard suite will offer features including contactless payments and global acceptance, while also ensuring that all customers can access comprehensive financial services that align with their values and lifestyles. “We are excited to embark […]
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Minor Hotels, an international hotel owner, operator and investor with more than 550 hotels in 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas, has added Anantara Stanley and Livingstone Victoria Falls Hotel to its portfolio in Africa. A debut for both Minor Hotels and Anantara Hotels and […]
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Leicester City hired Ruud van Nistelrooy as their manager on Friday following his impressive spell as interim coach at former club Manchester United, which included two wins over his new team. The 48-year-old van Nistelrooy joined on a deal until June 2027 and will take over a team in fifth-to-last place in the English Premier […]
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The Nairobi Expressway has posted a loss of Sh1.2 billion between July 2023 and June 30, 2024, despite an increase in traffic and higher toll fees. Latest data from the Treasury shows the expressway generated revenue valued at Sh4.6 billion for the period under review, compared to the operational costs totalling Sh.5.8 billion. As the […]
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The government is using technology and innovation to create jobs and tackle the unemployment challenge in the country, President William Ruto has said. He said not only will innovation scale up investments, but also position Kenya as a global innovation hub, while supporting start-up businesses and empowering the youth. He added that the goal is […]
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Bolt Food has unveiled “Early Cashout”, which allows courier partners to receive their earnings before the regular payout cycle. The new feature would allow partners to access their earnings in up to two businesses, effectively helping them to gain even greater control over their incomes. To receive cashout, partners simply need to tap the Early […]
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Future Construkt Investment Managers Ltd, subsidiary of a Mauritius-based asset management firm, Future Construkt Africa LLC, has been granted the Real Estate Investment Trust (REIT) Manager License by the Capital Markets Authority (CMA) of Kenya to mobilize institutional capital and implement its Kenya-focused real estate investment strategy. Future Construkt will center on the development of […]
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