Equity BCDC Leads $282M Financing to Stabilize DRC Oil Market Amid Subsidy Challenges
Equity BCDC, the second-largest bank in the Democratic Republic of Congo, has completed a significant second drawdown to refinance arrears…
Category: Business
Nairobi Hospital Rejects Strike Claims, Insists Doctors Are Independent Contractors
The Nairobi Hospital has denied reports that the Kenya Medical Practitioners, Pharmacists and Dentists Union (KMPDU) have issued a strike…
Kenya Airways Expands UK Reach with New Direct Flights to London Gatwick
Kenya Airways (KQ) has announced the launch of direct flights from Nairobi’s Jomo Kenyatta International Airport (JKIA) to London’s Gatwick…
Food Prices Drop In November, But Sugar, Flour, And Vegetables See Price Increases, Cbk Survey Reveals
The survey’s Balance of Opinion (BOO) on expected price changes showed a near-equal split between respondents predicting price increases and…
World Bank Cuts Kenya’s 2024 GDP Growth Forecast To 4.7% Amid Structural Challenges
Qimiao Fan, World Bank Country Director for Kenya, Rwanda, Somalia, and Uganda, warned of the potential consequences of reduced growth…
Ministry Of Agriculture Unveils Taskforce To Investigate Tea Sector Challenges And Propose Solutions
The task force will evaluate the impact of the minimum reserve price, delayed payments, tea storage conditions, price disparities between…
Banks to Lower Lending Rates, Easing Credit Access for Economic Recovery
Kenyan banks have finally agreed to begin lowering lending rates in a bid to ease access to credit and support…
Premier Bank Partners With Mastercard To Launch Shari’ah-Compliant Cards For Digital Financial Inclusion In Kenya
Premier Bank has partnered with Mastercard to introduce a range of Shari’ah-compliant debit, credit, and prepaid cards, marking a significant…
CBK Slashes Lending Rate to 11.25%—Calls on Banks to Lower Interest Rates and Boost Economic Growth
The Central Bank of Kenya’s Monetary Policy Committee (MPC) has reduced the Central Bank Rate (CBR) from 12.00% to 11.25%.…
Burhani Engineers Partners with Swisscontact’s PropelA to Bridge Skills Gap and Tackle Youth Unemployment in Kenya
Swisscontact, a globally recognized organization dedicated to fostering economic development through skills training, has created the PropelA program to bridge…