Category: Economy&Finance
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Dorper sheep in a farm -photo courtesy Sheep farming is one of the most rewarding livestock businesses if managed efficiently. This means that to thrive in this venture, a farmer must have the right knowledge, skills, and management practices. According to the Kenya National Bureau of Statistics (KNBS) sheep farming contributed Sh56.4 billion to the…
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In today’s unpredictable business environment, risk management is no longer optional; it is essential. From supply chain disruptions and cyber threats to fire and health emergencies, Kenyan businesses are increasingly exposed to risks that can erode profitability or bring operations to a standstill. While many companies recognize the importance of insurance, finding a trusted, reliable,…
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Kenya’s young generation turning to mobile devices to grow their wealth It’s no longer a secret anymore; quite a number of young tech-savvy Kenyans are living life in the fast lane at such a young age. How is it that they make money, you ask? Mobile phones have become more than just tools for calls…
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Somalis in Eastleigh, a suburb in Nairobi, Kenya, have been known for their entrepreneurial spirit and success in business. This community has established itself as a hub for trade and commerce, attracting customers from all over the city and beyond. Today, the amount of money that circulates from businesses in Eastleigh is in the billions…
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Tullow Kenya BV Managing Director Madhan Srinivasan Kenya’s long journey to becoming an oil-producing nation has entered a new chapter after British oil explorer Tullow Oil officially handed over its Kenyan business to Gulf Energy, a homegrown company. The deal, worth at least $ 120 million (Ksh15.6 billion), has raised fresh hopes that the country’s…
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Nahashon Muguna Martin Nangole has been appointed Acting Managing Director of the Nairobi Water and Sewerage Company, stepping in after the retirement of Eng. Nahashon Muguna, who has reached the mandatory retirement age. In a statement released on Friday, the Nairobi Water and Sewerage Company Board said the decision ensures continuity as the company transitions…
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Cooperatives & MSME Development CS Wycliffe Oparanya. Dormant Saccos that are no longer active will be struck off the register and liquidated, Co-operatives and MSMEs Cabinet Secretary Wycliffe Oparanya has warned. Speaking during the launch of the 2024 Sacco Supervision Report, Oparanya said all Sacco societies must submit their returns to the Commissioner for Co-operatives…
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The SSCI is an internationally recognised framework that certifies financial institutions committed to sustainability. Kenya’s Agricultural Finance Corporation (AFC) has made history as the first local financial institution to earn the prestigious Sustainability Standards and Certification Initiative (SSCI) award. The recognition, presented in Karlsruhe, Germany, is being hailed as a major win for the country’s…
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NSE has invited retail investors, brokers, and market participants. The Nairobi Securities Exchange Plc has reduced barriers for retail investors to NSE derivatives market segment to increase their participation and unlock new opportunities for this class of investors. “By reducing initial margin requirements, we are democratising access to sophisticated financial instruments, fostering innovation, and accelerating…
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Mastercard MasterCard has partnered with Smile ID, an identity verification provider in Africa, to provide secure digital identity solutions across Africa. This deal will enable banks, fintechs, mobile money operators and players in this space to onboard new customers faster and reduce identity fraud. Identity theft happens when criminals steal personal info to apply for…