Kenya plans to increase banks’ minimum capital threshold by ten times to KES10 billion (US$77.9 million) from its current KES1 billion. The announcement was made during a presentation to lawmakers on 13 June 2024. The current threshold has been in place since 2012. Kenya has considered tight...
domination by Big–Big banks, Big corporations, Big political parties, Big government agencies; addiction to financialized economic “growth” no matter what the consequences for people and nature; perpetual conflict among people and nations; and so forth. In other words, it’s a comedy! (OK,...
In East African countries including Kenya, Uganda and Tanzania, mobile money is already the currency of choice, with leading banks in those markets partnering with mobile money operators to issue loans and other digital financial offerings to consumers. According to IBS Intelligence analyses, neobanks...
I’ve had the opportunity to study abroad and learn in the field in Kenya and highly recommend applying for internships and other enriching experiences. My advice for future zoology majors is to make the program yours by first taking classes on a wide range of topics to discover what field ...
which unlocks the potential of boosting banking and digitalization businesses in Africa," said John. "At the same time, MuRong has been increasing its R&D investment so that it can continuously provide the most advanced digital financial technologies to sub-Saharan Africa, predominately ...
main airport to the Adani Group. The deal was to add a second runway at the Jomo Kenyatta international airport and upgrade the passenger terminal. Kenya also scrapped a separate 30-year, $736-million public-private partnership, signed by Adani Energy Solutions with its e...
-- Small businesses and individuals with good borrowing history can now obtain their credit scores and use them to negotiate better loan terms with banks if Parliament repeals the interest capping law, according to Kenya's largest credit reference bureau. (Business Daily) ...
In what type of markets do the following trade? Explain. a. used cars b. paintings c. rare coins What is the role of the stock exchange in Kenya? What are emerging markets? What are equity markets? What are the importance of efficient capital market?
NAIROBI, Oct. 10 (Xinhua) -- The following are news highlights in Kenya's major media outlets on Tuesday. -- Opposition leader Raila Odinga on Monday warned of a long fight to kick out top managers at the electoral commission as President Uhuru Kenyatta claimed the National Super Alliance le...
-- Capital Markets Authority is working on a business incubator approach to attract small businesses on the Nairobi Security Exchange, currently dominated by big banks, telecoms and energy firms. (The Star) -- Kenya is among countries whose citizens would be hit harder following the move by U....