Category: Economy&Finance
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File image of Co-operatives Cabinet Secretary Wycliffe Oparanya Co-operatives CS Wycliffe Oparanya has announced new measures aimed at tightening accountability in the auditing of SACCO financial statements. Co-operatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya has announced new measures aimed at tightening accountability in the auditing of SACCO financial statements. Speaking on Thursday, September 25,…
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Absa Uganda has hosted an industry-wide workshop focused on the critical importance of data privacy in the digital age. The event was held at the Golden Tulip Hotel in an effort to boost and uphold the highest standards of ethical banking and customer protection. Under the theme, “Data Privacy is a Driver of Customer Trust…
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(L-R) Outgoing UBL MD Andrew Kilonzo, Jimmy D. Mugerwa, Chairman of the Board at Uganda Breweries Limited, and incoming UBL MD Felicite Nson. Uganda Breweries Limited (UBL) has announced the appointment of Felicite Nson as Managing Director, making her the first woman to lead one of Uganda’s most iconic and enduring brands. Nson takes over…
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Directline Company clarifies suspension of insurance operations The Directline Assurance Company, which controls more than half of the Public Service Vehicle (PSV) insurance services in Kenya, has dismissed claims that it has ceased operations. In a statement on Tuesday, September 23, the company’s board of directors said that the firm would continue offering insurance services…
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IMF team arrives in Kenya to engage government over new loan programme A team from the International Monetary Fund (IMF) has arrived in the country to engage in talks with the government for another IMF-supported loan programme. In a statement on Wednesday, September 24, the team’s leader, Mission Chief of Kenya, Haimanot Teferra, confirmed that…
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The National Treasury has moved to dismiss reports suggesting that taxpayers could lose hundreds of billions following the cancellation of the High Grand Falls Dam Project. In a statement on Wednesday, September 24, Treasury Cabinet Secretary John Mbadi clarified that the claims were unfounded and sought to reassure the public that the government faced no…
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Nairobi, Kenya: Forget wallets. Forget ATMs. In Kenya, the currency of the future is already in the palm of your hand. It’s not a credit card or a crypto-token—it’s a text message. This is the legacy of M-PESA, the mobile money miracle that exploded onto the global stage years ago on CBS’s 60 Minutes. What…
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The Government of Kenya through the State Department of Mining has embarked on an elaborate plan of mineral extraction in Busia County, among other areas of potential mineral deposits. The principal secretary, State Department of Mining Harry Kimutai made the revelation during his tour of the Ojamii area, Teso South constituency in Busia County. The…
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Mobile buildings offer entrepreneurs an affordable and flexible way to launch their business ventures. Whether you’re considering a food truck, retail kiosk, or professional service office, these portable structures provide unique opportunities for business owners who want to minimize overhead costs while maintaining operational flexibility. Before starting a business in a mobile building, make sure…
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Raila Odinga: This will expand Kenya’s role in the global crypto revolution. Kenya is introducing a national digital currency to empower young people and other tech-savvy Kenyans with new opportunities to trade and invest using cryptocurrency. The announcement was surprisingly made by Raila Odinga, the former opposition leader who joined with President William Ruto to…