As a financial institution, they are committed to championing a supportive domestic and international operating environment for SMEs to help promote linkages and partnerships with larger firms, domestically and internationally, that can enable SMEs to better exploit their competitive advantage when it comes to various sectors across the economy.
Prof. Oramah told the heads of state, who were gathered to mark the start of the operational phase of the AfCFTA, that Afreximbank was instituting a $1-billion AfCFTA Adjustment Facility to enable countries adjust in an orderly manner to sudden significant tariff revenue losses as a result of the implementation of the agreement.
According to the Governor, the move is aimed at curbing fraud and money laundering. The notes, he said, have a unique theme and security features and will have various images including the iconic Kenyatta International Convention Centre (KICC) and the big five wildlife. They will also be easy to use by the visually impaired.
Counties will soon be able to seek money from other sources to meet funding gaps running into billions of shillings. Currently, counties can take loans only under tight conditions. A…
Kenya and China’s capital market regulators are set to hold discussions on how financial technology (fintech) can help accelerate economic development in Kenya, an official said Thursday. Paul Muthaura, chief…
RBA CEO Nzomo Mutuku in a speech read on his behalf by RBA Chief Manager Supervision Charles Macharia Monday during the launch of Cytonn Pensions Businesses in Nairobi said that…
Foreign reserves at the Central Bank of Kenya on dropped by a whooping Sh930 million as the country moved quickly to clear the first phase of the inaugural Eurobond due…
The Deputy Minister for Foreign Affairs and East African Cooperation, United Republic of Tanzania, Hon Dr Damas Ndumbaro, presented the budget speech on behalf of the Chairperson of the EAC Council of Ministers and Rwanda’s Minister for State, EAC in the Ministry of Foreign Affairs and International Co-operation, Hon Amb Olivier Nduhungirehe.
When Tala (formerly Mkopo Rahisi) launched in Kenya in 2014, it was the first in the world to offer unsecured mobile lending direct to consumers. Since then, Tala has expanded credit access across Kenya by using alternative data to instantly underwrite and disburse credit to people who have been excluded from traditional finance due to lack of credit history or formal records.
The Results-Based Financing (RBF) and Debt Facilities under the KOSAP are financed by the World Bank and implemented by the Ministry of Energy alongside the Kenya Power and Lighting Company (KPLC) and the Rural Electrification and Renewable Energy Corporation (REREC).