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‌ Kenya Hosts the 2nd Annual Africa Digital Finance Summit

The Africa Digital Finance Summit (ADFS) will have an opening ceremony on 22nd February, 2022 at Villa Rosa Kempinski. The ceremony will usher in the 3-day ADFS summit which will be taking place from the 22nd -24th February at the same venue. The ceremony will be headlined by Hon. Maureen Mbaka, the Chief Administration Officer in the …

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A One Day US Stock Exchange Plunge On Facebook Results to a $230 Billion Loss

A historic plunge in the stock price of Facebook’s parent company has erased more than $230bn in its market value, easily the biggest one-day loss in history for a US company. The 26.4% wipeout in Meta comes amid concerns about its future after the company reported its first ever drop in daily user numbers in …

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Mothers, Wives and Girlfriends Top Recipients of Diaspora Remittances

Girlfriends are competing wives in receipt of monies from Kenyans living abroad, a Central Bank of Kenya survey has shown. The survey that put mothers as the top recipients revealed that Kenyans are sending money to their female friends almost as frequently as their wives. Though 57 percent of respondents were married, they first send …

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Kenya Diaspora Remittances Highest in 2021

The Central Bank of Kenya has announced that Kenyans in diaspora remitted the highest amount recorded in the last 15 years. According to CBK, the captured remittance inflows were the highest at Sh422,178,900 million into the country in 2021. This surpassed the previous record of Sh351,323,700 million that was set in 2020. On Thursday, CBK …

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Equity Diversifies By Joining the Insurance Sector.

 A life insurance license has been issued today to Equity Life Assurance (Kenya) Ltd (‘ELAK’) which is fully owned by Equity Group Insurance Holdings Limited (EGIHL), a subsidiary of Equity Group. The license will enable ELAK to provide life insurance solutions to an underserved market and contribute towards the vision of Equity Group to transform …

Equity Diversifies By Joining the Insurance Sector. Read More »

Cost of Electricity Reduce in New Tariff Review

The government has delivered its first instalment of cheaper electricity with the Energy and Petroleum Regulatory Authority amending the schedule of non-fuel tariffs on Friday. The amended tariffs published in a special issue of the Kenya gazette show an average cut of 20 per cent or one fifth to energy charges. Domestic consumers with a …

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Kenya Hosts Japan-Africa Public-Private Economic Forum

Kenya, Japan and JETRO will hold the Second Japan-Africa Public-Private Economic Forum in Nairobi as a business collaboration event that will bring together people from the highest levels of the public and private sectors in Japan and Africa to discuss how all these sectors can work together to achieve concrete business outcomes. The virtual event …

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