Kenya Economy

Mobile operator Telekom introduces the Mobile Money app

The South African mobile operator Telecom says his Kenyan operation has launched an app for its T-Kash mobile money product. The company announced in a press release on Tuesday (Jan. 4) that its app will be available in the Google, Huawei and Apple app stores, giving customers broader access to …

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The surgeon applies to the court to extend paternity leave to 3 months

business The surgeon applies to the court to extend paternity leave to 3 months Thursday, January 06, 2022 BY JOSEPH OPENDAMore from this author summary A surgeon based in Nakuru has petitioned the court to order the same length of paternity and maternity leave. Dr. Benjamin Magare Gikenyi, a specialist …

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Kenya’s foreign wealth falls by Sh87 billion

business Kenya’s foreign wealth falls by Sh87 billion Tuesday, January 04, 2022 The Central Bank of Kenya, Nairobi on Sunday November 22, 2020. PHOTO | DENNIS ONSONGO | NMG BY VICTOR JUMAMore from this author summary Kenya’s net foreign assets fell by Shutter 87.1 billion in the year through September, …

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Battles Kenyans must defeat this year

This year there will be a successor in the State House, with August 9th being the day of the general election. [Kibata Kihu, Standard] This year Kenyans will have to fight a series of battles that will ultimately determine their political, economic and health fate. Obviously, the ever-mutating coronavirus is …

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Cotu boss Atwoli urges unions not to shy away from next year’s elections

Cotu Secretary General Francis Atwoli. [David Njaaga, Standard] Cotu General Secretary Francis Atwoli yesterday called on the unions to take an active part in next year’s elections. Atwoli said the unions should stand up to protect the nation from looters and leaders of questionable character interested in rising to political …

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FinTech IMFact Supply Chain Financing Raises USD 4M

Kenyan fintech company IMFact, which provides working capital to micro and small and medium-sized enterprises (SMBs) with supply chain finance, has received an investment of £ 3 million (approximately $ 4 million) from FSD Africa Investments. according to a press release. The IMFact business model is a “pooled receivables” factoring …

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Under my supervision, Kenya’s economy is growing by 10 percent annually – Raila

ODM leader Raila Odinga pledges to put in place solid policies that will help boost the country’s economy by more than 10 percent each year if he is elected president in the August 2022 elections. The former prime minister claims that this is achievable based on his experience and rich …

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Kenya wants to issue two Eurobonds by June – finance minister

NAIROBI, Dec. 24 (Reuters) – Kenya will issue two Eurobonds by June next year to raise funds to support East Africa’s leading economy for 2021/22 (July-June) and to repay another government bond due in 2024, Treasury Secretary Ukur said Yatani. Yatani said in a statement to the International Monetary Fund …

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Kenya lifts ban on Ugandan poultry products

According to the nation of Africa Kenya has agreed to lift the ban on Ugandan poultry products as both sides seek a long-term solution to their ongoing trade disputes. The decision was made on Tuesday after a crisis meeting between line ministers in Nairobi, which also temporarily averted retaliatory restrictions …

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The Truth About Uhuru Kenyatta’s COVID19 Goodies

Traders are converting their trunk to sell fruit, vegetables, groceries, eggs and other fresh farm produce along the Northern Bypass in Nairobi, June 4, 2020. [Elvis Ogina, Standard] President Uhuru Kenyatta’s interventions are softening the economic blows to Kenyans, even if some of them expire a month after next year’s …

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