Equity Bank Kenya in a push to further financial inclusion and economic growth, has revised its interest rates from 17.83 per cent to 17.39 per cent thanks to the recent move by the Central Bank of Kenya (CBK) to cut the Central Bank Rate (CBR) from 12.75 per cent to 12 per cent. The lender has […]
Continue Reading
The Uganda Development Bank (UDB) has convened a high-level meeting with key stakeholders on the sidelines of the 29th Conference of the Parties (COP 29) to foster partnerships aimed at mitigating climate change in Africa and integrating climate considerations into development finance. Led by the Bank’s Managing Director Patricia Ojangole, the Climate Finance Breakfast Roundtable […]
Continue Reading
Entrepreneurs, industry experts, business owners and key stakeholders in Eldoret have received a major boost after Absa Bank Kenya hosted them for a business club forum aimed at building resilience in uncertain times. The forum concluded the week’s activities across the region with other engagements held to empower Small and Media Enterprises (SMEs) in Kitale, […]
Continue Reading
Absa Bank Kenya has awarded the first winner in the Change Your Story card campaign that kicked off in mid-September and is set to end on 31st December 2024. The campaign aims to inspire consumers to embrace digital channels and card payments, aligning with Absa’s broader commitment to advancing financial inclusion and enhancing customer convenience. By […]
Continue Reading
A total of 200 business leaders in Kisumu were hosted on Monday, November 11, by Absa Bank Kenya for a Business Club Forum as part of the lender’s Western Kenya Caravan that will significantly impact Small and Media Enterprises (SMEs) in Bungoma, Busia, Kericho, Kisii, Migori, and Homabay. The forum, focused on networking and engaging […]
Continue Reading
Family Bank has named Lazarus Muema, a non-executive director for the last seven years, as the new chairman of the board of directors. Mr Muema, who holds a Bachelor of Commerce degree in accounting from the University of Nairobi and a Certified Public Accountant (CPA(K), takes over barely five months after Francis Mungai passed away […]
Continue Reading
The Dow closed 1,500 points higher on Wednesday, boosted by Donald Trump’s presidential election win and a possible Republican-controlled Congress, signaling strong market optimism. Alongside the stock rally, U.S. Treasury yields also increased, raising concerns among some analysts about market stability and the potential effects on equities. The 10-year Treasury yield rose over 14 basis points, […]
Continue Reading
The British High Commission Nairobi will support Micro, Small to Medium Enterprises (SMEs) in Kenya with a Sh 667 million fund ($5.2 million) in another example of the UK being a long-term partner providing investment solutions that deliver growth and jobs. The ‘Listed SME Debt Fund’, sponsored by FSD Africa, aims to mobilise up-to Sh38.85 […]
Continue Reading
An outsourcing and tech company, VFS Global, has been awarded a contract to provide UK visa services to residents of Kenya travelling to the UK. Effective 22 October 2024, customers applying for a UK visa will be directed to VFS Global to book an appointment to complete their visa application. Customers will also have the […]
Continue Reading
It is the first of its kind in Kenya where demand is anticipated to grow at about 4 per cent annually, with the total volume of products sold in Kenya alone expected to rise to 23 million units in 5 years Home appliance and consumer electronics manufacturer VisionPlus Kenya is setting up a local plant […]
Continue Reading
