Saleem Abdi

12 latest articles published recently

Latest articles by Saleem Abdi

Saleem Abdi Featured image for KECOBO concerned after artists fail to get over Sh100 million in royalties
Wed 21 Feb, 2024 22:11
KECOBO concerned after artists fail to get over Sh100 million in royalties
Featured image for KECOBO concerned after artists fail to get over Sh100 million in royalties

Marakwet daughter, the famous artist behind Kalenjin hit ‘Mali Safi Chito’, was paid Sh108,123 but the ideal royalties should have totaled Sh640,920.


World Governments Summit Featured image for Ruto touts Hustler Fund at world summit, says Sh44bn borrowed so far
Wed 14 Feb, 2024 18:06
Ruto touts Hustler Fund at world summit, says Sh44bn borrowed so far
Featured image for Ruto touts Hustler Fund at world summit, says Sh44bn borrowed so far

The President says the fund has saved Kenyans from the predatory lending witnessed on digital platforms, with some denied access to funding in the established formal sector.


US dollar Featured image for Kenya Shilling soars in two weeks to trade at 156.7 against US Dollar
Wed 14 Feb, 2024 16:40
Kenya Shilling soars in two weeks to trade at 156.7 against US Dollar
Featured image for Kenya Shilling soars in two weeks to trade at 156.7 against US Dollar

The shilling has been on a positive trend over the past two weeks, much to the relief of businesses that import goods.


Saleem Abdi Featured image for Fear of crop failure, auction discourages farmers from taking loans- survey
Sun 11 Feb, 2024 10:08
Fear of crop failure, auction discourages farmers from taking loans- survey
Featured image for Fear of crop failure, auction discourages farmers from taking loans- survey

Banks and other lenders have been increasing interest rates on loans as the CBK keeps raising the benchmark lending rate,


Saleem Abdi Featured image for Banks plan to limit lending this year for fear of defaults
Sat 10 Feb, 2024 20:12
Banks plan to limit lending this year for fear of defaults
Featured image for Banks plan to limit lending this year for fear of defaults

More banks said demand for credit this month and March is expected to be higher than it was in December and January.


Weak Shilling Featured image for Agriculture grows as manufacturers struggle with unsold stocks - CBK Survey
Sat 10 Feb, 2024 17:14
Agriculture grows as manufacturers struggle with unsold stocks - CBK Survey
Featured image for Agriculture grows as manufacturers struggle with unsold stocks - CBK Survey

The survey notes that this year firms in the agriculture sector expect improved business activity.


Saleem Abdi Featured image for Airtel removes 7-day limit for accessing money from competing networks
Thu 08 Feb, 2024 16:57
Airtel removes 7-day limit for accessing money from competing networks
Featured image for Airtel removes 7-day limit for accessing money from competing networks

Airtel Kenya hopes the change expands its mobile money market.


State Corporations Featured image for Assets held in state agencies increased by Sh1.7 trillion in one year
Thu 08 Feb, 2024 10:22
Assets held in state agencies increased by Sh1.7 trillion in one year
Featured image for Assets held in state agencies increased by Sh1.7 trillion in one year

The Central Bank holds the most assets (mostly financial), with total assets valued at Sh1.8 trillion.


Weak Shilling Featured image for Kenya's rich state agencies gained Sh180bn due to weak shilling in 2023
Wed 07 Feb, 2024 19:43
Kenya's rich state agencies gained Sh180bn due to weak shilling in 2023
Featured image for Kenya's rich state agencies gained Sh180bn due to weak shilling in 2023

Kenya had 526 state agencies by June 2023, which was an increase from 500 agencies the previous year.


State agencies Featured image for State agencies feel the pinch as shilling depreciation impacts budget spending
Wed 07 Feb, 2024 09:32
State agencies feel the pinch as shilling depreciation impacts budget spending
Featured image for State agencies feel the pinch as shilling depreciation impacts budget spending

The Office of the Auditor-General said variances between prices that were budgeted and actual prices in the market were so high that some commodities couldn't be purchased.


Saleem Abdi Featured image for Affordable housing beneficiaries should prove payment of levy - budget office
Tue 06 Feb, 2024 12:35
Affordable housing beneficiaries should prove payment of levy - budget office
Featured image for Affordable housing beneficiaries should prove payment of levy - budget office

Currently, the only conditions for one to benefit from the programme are being an adult citizen, having a national identity card and KRA PIN, and depositing 10 per cent of the value of the house.


Smartphones Featured image for Kenya produced 194,000 smartphones by December- CS Owalo
Mon 05 Feb, 2024 15:24
Kenya produced 194,000 smartphones by December- CS Owalo
Featured image for Kenya produced 194,000 smartphones by December- CS Owalo

The localy made smartphones will retail at around Sh8,000.


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