Category: Economy&Finance
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Equity Group CEO Dr. James Mwangi with Ethiopian Investment Commission (EIC) Commissioner Dr. Zeleke Temesgen on Friday. [Image: EIC] Equity Bank Group has taken a major step toward expanding into Ethiopia after its chief executive Dr. James Mwangi held talks with Ethiopian Investment Commission (EIC) Commissioner Dr. Zeleke Temesgen on Friday. With over 120 million…
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(Reuters) -Eni’s Chief Executive Claudio Descalzi met the U.S. energy and interior secretaries on Friday as Washington pushes to seal energy supply deals that it hopes will strengthen its influence in the region while weakening Russia’s. In a series of meetings on the sidelines of the Gastech conference in Milan, Descalzi hosted U.S. Secretary of…
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UBA pledges $150 million to Kenya’s infrastructure as CEO leads high-level talks with President Ruto
Oliver Alawuba (GMD- UBA Plc) with HE. Dr. William Samoei Ruto (The President of Kenya). The Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, Oliver Alawuba, on Tuesday led a high-powered delegation on a working visit to the Kenyan President and other top government functionaries, reaffirming the bank’s commitment to accelerating…
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One of Geothermal Development Company’s plants. (Photo: GDC/X) Geothermal Development Company (GDC) could face a financial setback that may disrupt its operations, according to an audit by Auditor General Nancy Gathungu. The report shows the company might have to pay Sh2.3 billion in a legal dispute with another firm, a ruling already issued by a…
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The National Treasury. (Photo: File) Kenya is planning to raise about Sh370 billion from external sources in the current financial year as it seeks to ease reliance on expensive borrowing and embrace new financing models. At the heart of this plan is the country’s first-ever debt-for-food swap worth $1 billion (Sh130 billion) with the World…
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Bolt has its Africa hub in Nairobi, reflecting its strong presence in the region. (Photo: File) Kenya’s ride-hailing industry is proving that driving for apps can be more than just a part-time hustle, with some drivers earning incomes that surpass many formal jobs. A study by Bolt Kenya found that the company’s top 50 drivers…
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National Treasury Principal Secretary Chris Kiptoo. (Photo: National Treasury) Treasury PS Chris Kiptoo has insisted that the government has total control of the e-Citizen platform, despite an audit that questioned payments and raised concerns about accountability. Kiptoo told the National Assembly on Thursday that the handover of the system included all source codes, applications and…
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Bolt has its Africa hub in Nairobi, reflecting its strong presence in the region. (Photo: File) Kenya’s ride-hailing industry is proving that driving for apps can be more than just a part-time hustle, with some drivers earning incomes that surpass many formal jobs. A study by Bolt Kenya found that the company’s top 50 drivers…
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Climate-related funding has more than doubled over the past five years. (Photo: Freepik) Multilateral development banks (MDBs) disbursed a record $137 billion (Sh17.7 trillion) in global climate finance in 2024, marking a 10 per cent rise from the previous year. The European Investment Bank (EIB), which published the figures, notes that the increase underscores a…
