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IMF Forecasts Economic Slowdown: Kenya’s Growth Expected to Dip to 5% by 2025

Kenya’s economy is set for a slowdown, with growth projected to ease to 5.0% in 2024 and 2025, according to the International Monetary Fund (IMF). This adjustment comes as global economic pressures persist and Kenya grapples with a volatile macroeconomic landscape, including high inflation, currency depreciation, and debt obligations. Here’s what the IMF’s prediction could…

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Im Bank

Strategic Investment: East Africa Growth Increases Stake in I&M Bank

NAIROBI, Kenya – East Africa Growth (EAG), a prominent private equity firm, has announced its decision to acquire an additional 5% stake in I&M Bank, one of Kenya’s leading financial institutions. This move signals EAG’s commitment to strengthening its presence in the East African banking sector and underscores the growth potential of the region’s financial…

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Pawapay

PawaPay Hits $1 Billion in Transactions, Expands Beyond Africa’s Big Four Economies

PawaPay, a leader in mobile money payment systems in Africa, has surpassed $1 billion in transactions. This is a major milestone for a company dedicated to enhancing mobile financial services across Africa. While PawaPay has gained prominence by working with Africa’s “Big Four” economies—Nigeria, Kenya, South Africa, and Egypt—its future strategy appears to shift toward…

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Why Buy Treasury Bills

Treasury Bill Rates Decline Amid Potential Interest Rate Cuts: What Investors Need to Know

The recent decline in Treasury bill (T-bill) rates has sparked conversations among Kenyan investors and the broader financial market. The government’s decision to lower these rates follows a global trend of monetary easing, where central banks are cutting interest rates to stimulate economic growth. But what exactly does this mean for Kenyan investors? Let’s explore…

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Bolt Accelerator Program Min

Empowering Gig Economy: Bolt Kenya Awards 10 Drivers Kshs 288K Each in €20,000 Accelerator Program

Recently, Bolt Kenya made headlines by awarding ten drivers Kshs 288,000 each as part of their €20,000 accelerator program. The initiative rewarded top-performing drivers who consistently provided excellent service, embodying Bolt’s commitment to improving livelihoods and enhancing the customer experience. This program, aimed at empowering hardworking individuals in Kenya’s growing gig economy, highlights a broader…

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Stanbic Bank Enters Money Market Fund

Stanbic Bank Launches Money Market Fund: A Historic Move for Kenyan Investors

Stanbic Bank Kenya has made a bold move by entering the asset management sector with the launch of its Money Market Fund. This strategic initiative is expected to redefine the financial landscape in Kenya, offering both retail and institutional investors a chance to access low-risk, high-liquidity investment opportunities. By tapping into this sector, Stanbic is…

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Eldoret City

Eldoret’s City Status: A New Dawn for Residents and Investors

Eldoret’s recent elevation from a town to a city is more than just a change in designation—it’s a transformative moment with wide-ranging implications for its residents and those looking to invest in the region. This milestone is set to reshape the landscape, bringing opportunities and challenges that will define Eldoret’s future. Why Eldoret’s New Status…

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