By Gitonga Muriithi Encompassing a broad range of money topics—from balancing and developing a household budget and planning for retirement shapes how we view and handle money. At Mwananchi creditMwananchi credit the leading, best, affordable and quick loans in Kenya, we will support you in making financial decisions that will help you grow. Key take […]
Old Mutual General Insurance Kenya Limited is facing a liquidation suit over a $3 million (Sh481.5 million) claim from a privately-owned air charter company whose helicopter had an accident in 2022. Tropic Air Limited, which operates a fleet of Cessna aircraft and helicopters, has issued a 21-day notice to Old Mutual to pay the amount […]
President William Ruto’s announcement that Kenya will become visa-free from January 2024 continues to receive positive backing from key government officials and leaders. Prime Cabinet Secretary Musalia Mudavadi is the latest top government leader to laud the initiative barely two weeks after the presidential pronouncement on the same. Mudavadi says it is a step towards […]
Kenyan living in foreign countries sent home Ksh 54.3 billion ($355m) in November this year, latest data by the Central Bank of Kenya (CBK) shows. This was a 2.8pc increase when compared to the same period last year when Kenya received a total of Ksh 52.8 billion ($345.4m). The country also received a significantly higher […]
The government should work with private institutions in the implementation of the Affordable Housing Programme. The Institute of Quantity Surveyors of Kenya (IQSK) President Jennifer Musyimi says the association in conjunction with other professional services in the Affordable Housing Programme across the country will work to enhance building standards and streamline building approvals for the project’s integrity. The […]
Fitch Ratings has assigned I&M Bank and its parent company I&M Group Plc a national long-term rating of A+ with a stable outlook. Both entities have also been assigned Long-Term Issuer Default Ratings (IDRs) of ‘B’ with a negative outlook. The respective negative outlooks mirror the outlook on the sovereign rating. “I&M Group’s business profile […]
The White House says Nippon Steel’s plan to buy US Steel should be probed on national security grounds,even though Japan is a “close ally”. It also expressed concern about the deal’s potential impact on supply chain reliability in a Thursday statement. The $15bn (£12bn) purchase of the 122-year-old steelmaker would create one of the world’s biggest steel […]
The agriculture ministry through the Tea Board of Kenya has developed a concept note that will attract value addition to tea stakeholders across the global market. Agriculture and Livestock Development Cabinet Secretary Mithika Linturi has said the concept note which has received approval from the National Treasury will offer tax tariffs on tea purchased from […]
The maker of Lucky Strike and Pall Mall cigarettes says its smoking business in the US is dying out. British American Tobacco (BAT) wrote off £25bn ($31.5bn) in value due to the changed outlook for brands such as Newport and Camel. The move cut the brands’ worth by more than a third, and sent the […]
SUZUKI FRONX NCBA Bank will offer up to 100pc financing for customers purchasing vehicles from CFAO Motors for private and commercial use. The asset financing deal by the two firms will see customers access the loan to buy new and pre-owned vehicles. NCBA Group Director, Asset Finance and Business Solutions Lennox Mugambi said the agreement […]
Zanduax.com CEO- Franck Obambi Ngatse The introductionof the B2B platform, a Zandaux.com product, is expected to revolutionalise trade between African nations. Kenya, South Africa, Nigeria, and Egypt will host the platform’s official launch on December 13, 2023. Over 5,000 merchant traders in Egypt are the platform’s target number. By 2024’s first quarter, there will be […]
