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Kamenuka! Fear As KCB, Equity And Other Top Banks Set Aside Billions Anticipating Major Loan Defaults

Eight leading banks, including Equity, KCB, and Stanbic, have increased their loan-loss provisions by 45.8 percent to reach Sh62.5 billion in the third quarter of

Business Personal Finance

Stitch Introduces Crypto Payments In South Africa

Stitch, a fintech company based in South Africa, has recently introduced an innovative payment solution, “Pay with crypto,” leveraging cryptocurrency for direct transactions from users’

Business Personal Finance

Kenya’s Stock Market Suffers Steep Losses Yet Again, Rated Worst Performing Globally

Kenya’s stock market has recently experienced significant declines, marking it as the worst-performing globally. This trend has persisted, with the Nairobi Securities Exchange 20-share index

Business Personal Finance

Loans In Kenya Now 60% More Expensive Than In Tanzania And Rwanda

Rwanda boasts the most affordable domestic loans among East African Community member states, outpacing its regional counterparts, including Kenya. Recent data reveals that Kenya’s domestic

Business Crypto Personal Finance

Parliament Tasks BAK With Crafting Crypto Regulation Bill

Parliament has called upon the Blockchain Association of Kenya (BAK) to spearhead the creation of the initial draft for what could potentially become the groundbreaking

Business

Panic As 42%(6,256) Foreign Investors Flee NSE In Just 9 Months

Throughout 2023, the Nairobi Securities Exchange (NSE) has faced a notable departure of foreign investors. A total of 6,256 investors have sold shares valued at

Business Crypto

Blockchain Association Of Kenya Proposes VASPs Bill to Regulate Virtual Assets Sector

A blockchain advocacy group is advocating for the introduction of a Virtual Assets Service Providers (VASPs) Bill, aiming to bring regulation to the virtual assets

Business

Ksh 1,000 Hits All Time Low, Now Equal To Ksh 850 In The Market

The Kenyan Shilling is facing a troubling depreciation as the once-mighty currency loses its purchasing power. In a stark illustration of the ongoing economic challenges

Business Personal Finance

Kenyan Central Bank Records Substantial Gains in Forex Holdings

In the fiscal year leading up to June 2023, the Central Bank of Kenya (CBK) witnessed a remarkable increase in unrealized exchange gains on its

Business Crypto

Cryptocurrencies Proven To Be A More Reliable Store Of Value In Africa

The relentless devaluation of currencies across many African nations and the rising inflation rates in the past year have prompted a grassroots surge in the

Business Crypto

Worldcoin Ordered To Stop Operations In Kenya

A Kenyan parliamentary committee has urged the country’s information technology regulator to halt the operations of the cryptocurrency project Worldcoin within Kenya until more stringent

Business

Yet Another Kenyan Startup Bites The Dust After Raising Millions: Sendy Enters Into Administration

Sendy Group, a technology-driven logistics company, has found itself under administration due to its debt default, becoming the latest startup to face such a fate.

Business

Property Developer To Issue Sh3bn Sukuk Bond

Kenya is poised to debut its first Sukuk bond, following approval from the Capital Markets Authority (CMA) for a Sh3 billion issuance by a company

Business Personal Finance

Kinaturamba! 12 Ways to Survive Hard Economic Times In Kenya

As economic uncertainties loom over Kenya, with rising food and fuel prices and shrinking incomes, many individuals and families are finding themselves in financial distress.

Business Crypto

PayPal Enables US Users To Sell Cryptocurrency Via MetaMask Wallet

PayPal is continuing its expansion into the world of digital assets, offering new avenues for buying and selling cryptocurrencies such as Bitcoin. On September 11,

Business Personal Finance

Stay Away From NMK Capital Investments-DCI Warns Kenyans

The Directorate of Criminal Investigations (DCI) has issued a stern caution to Kenyan citizens concerning a suspicious pyramid scheme that seeks to swindle individuals of