Author: Saleem Abdi

KECOBO concerned after artists fail to get over Sh100 million in royalties Feb 21, 2024

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

Ruto touts Hustler Fund at world summit, says Sh44bn borrowed so far Feb 14, 2024

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

Kenya Shilling soars in two weeks to trade at 156.7 against US Dollar Feb 14, 2024

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

Fear of crop failure, auction discourages farmers from taking loans- survey Feb 11, 2024

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

Banks plan to limit lending this year for fear of defaults Feb 10, 2024

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

Agriculture grows as manufacturers struggle with unsold stocks - CBK Survey Feb 10, 2024

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

Airtel removes 7-day limit for accessing money from competing networks Feb 08, 2024

Airtel Kenya hopes the change expands its mobile money market.

Assets held in state agencies increased by Sh1.7 trillion in one year Feb 08, 2024

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

Kenya's rich state agencies gained Sh180bn due to weak shilling in 2023 Feb 07, 2024

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

State agencies feel the pinch as shilling depreciation impacts budget spending Feb 07, 2024

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...

Affordable housing beneficiaries should prove payment of levy - budget office Feb 06, 2024

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 depo...

Kenya produced 194,000 smartphones by December- CS Owalo Feb 05, 2024

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

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