Investors Given 45 Days to Address Issues as Stanlib Kenya Fund and REIT Managers Cease Operations Investors have 45 days to address any unresolved issues with Stanlib Kenya Fund and REIT Managers, as the Capital Markets Authority (CMA) of Kenya has accepted their request to cease operations and revoke their license. Established in 1998 as…
M-Pesa, a leading mobile money service, has signed an agreement with Dahabshiil, a major money transfer firm, to facilitate direct remittances to Ethiopia. This move is set to enhance financial inclusion and ease the money transfer process for Ethiopians living abroad. Convenient RemittancesThe collaboration aims to simplify how the Ethiopian diaspora sends money home, offering…
Surge in Import Traffic Mombasa Port has seen a 6.5% rise in import traffic, reaching 28,445 thousand metric tonnes to mid 2024, up from 26,713 thousand metric tonnes in mid 2023. This surge has prompted key agencies to enhance the pre-arrival clearance process, expediting cargo handling. Pre-arrival Processing The Kenya Revenue Authority, Kenya Ports Authority,…
