Unlocking Investment Opportunities: Standard Chartered Bank Kenya’s Offshore Unit Trust Funds
Standard Chartered Bank Kenya has introduced an exciting opportunity for Kenyan investors to explore offshore…
Family Bank Crowned Digital Innovation Champion in East Africa
Family Bank received high praise for its digital innovation efforts. CEO Nancy Njau expressed joy over this recognition, seeing it as proof of their dedication to putting customers first in today’s fast-paced digital world. The bank recently won an award for exceptional customer service during the Innovation and Excellence Awards East Africa held at the…
Imperial Citizenship Expands into Africa, Targeting Wealthy Investors
Dubai-Based Imperial Citizenship sets its newest venture in Africa targeting wealthy investors. Imperial Citizenship, a firm based in Dubai that specializes in helping investors get a second citizenship or residency through investments, has opened a new office in Lagos, Nigeria. This move aims to take advantage of Africa’s growing population of wealthy individuals looking for…
AI Surge: Mitsumi Distribution’s Healthcare Revolution in Kenya
Mitsumi Distribution’s Big Move to Boost AI in Kenya’s Healthcare Industry is something to take note of. Mitsumi Distribution is a major player in IT, telecoms, and enterprise distribution across Africa and the Middle East, is leading the charge in making the region fully AI-capable. In a groundbreaking move aimed at expanding AI adoption across…
NSE Market Capitalization Hits KSh 1.8 Trillion Mark in 1st Quarter of 2024: CMA Report
The Nairobi Securities Exchange (NSE) saw a remarkable increase in its market capitalization, reaching KSh 1,766.95 billion by the end of Q1 2024. This surge marked a 22.79 percent rise from KSh 1,439.02 billion in Q4 2023. The Capital Markets Authority (CMA) attributes this growth to intensified trading activities, evident in the NSE’s equity turnover…
Africa’s Data Experts Gather in Nairobi to Boost Collaboration on Privacy
Next week, data experts from all over Africa will meet in Nairobi to talk about important issues and work together to improve data protection systems for the continent. This gathering, known as the 9th Network Of Africa Data Protection Authorities conference, aims to make more people aware of the importance of data protection and encourage…
Economy: Kenyan Cost of Living Ease by 5% in April 2024 Shown by Food Index & Fuel Cost.
In April, the cost of living, also known as inflation, went down from 5.7% in March to 5.0%, according to new data from the Kenya National Bureau of Statistics (KNBS). The food and non-alcoholic beverages index, which has the most impact, went down by 0.1% from March to April. Prices for sugar, loose maize grain,…
Kenya Introduces ‘Karibu Business Centers’ to Boost Ease of Doing Business
Kenya has unveiled four Karibu Business Centers nationwide, offering streamlined interactions with government agencies regarding investments, industry, and trade, ensuring prompt resolution of queries and issues. These centers cater to aspiring entrepreneurs and industrialists seeking to expand or establish businesses in Kenya. They provide advisory services on investment, manufacturing, trade policies, and more to entrepreneurs,…
KCB Partners with Bill & Melinda Gates Foundation & European Investment Bank to Empower Women
KCB struck a significant deal with the Bill & Melinda Gates Foundation and the European Investment Bank, securing €30 million (approximately Sh4.2 billion) in funding aimed at supporting women entrepreneurs and startups in Kenya. The funds are earmarked for dispersal through KCB’s Female-Led and Made Enterprises (FLME) initiative and the KCB Foundation’s 2jiajiri program. FLME,…
