Kenya’s economy is at a critical juncture. As the country faces financial hurdles, the government is reaching out to the public for ideas on how to steer the economy back to stability. Recently, Hon. John Mbadi, Chair of the Budget and Appropriations Committee, called for a public dialogue on the economic situation. He seeks suggestions…
Tether, the leading stablecoin issuer, has announced a groundbreaking profit of $5.2 billion in the first half of 2024. This milestone highlights Tether’s robust financial strategy and its expanding role in global markets. Key Financial HighlightsIn the second quarter alone, Tether’s net operating profit surged to $1.3 billion, a significant increase from the $1 billion…
The Central Bank of Kenya (CBK) plans to increase the minimum capital requirement for banks from KSh 1 billion to KSh 10 billion. This aims to strengthen the resilience of the banking sector and encourage mergers and acquisitions. Banks will have three years to meet the new requirement. The change is intended to fortify the…
