Digital lender MyCredit has received Sh1.4 billion in funding from global impact investors Oikocredit and BlueOrchard to boost lending to Kenya’s expanding private school sector. Click here to join our WhatsApp Channel The funding will offer customized loans of up to Sh10 million per school, repayable over six years, aimed …
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Digital lender Tala has downsized its customer operations team, releasing 28 employees due to a significant rise in customers independently managing their loan repayments. Click here to join our WhatsApp Channel The company attributed the layoffs to a 95% surge in self-service loan repayment by users, which has reduced the …
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Tullow Oil plc has reached a preliminary agreement to offload its entire Kenyan assets to Gulf Energy Ltd for a minimum of $120 million. Click here to join our WhatsApp Channel The deal, carried out via Tullow’s subsidiary, Tullow Overseas Holdings BV, will transfer ownership of Tullow Kenya BV, which …
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Kenya is set to take part in Expo 2025 Osaka, Kansai, Japan, under the theme “Kenya Rising: From the Bottom Up.” Click here to join our WhatsApp Channel The country plans to spotlight advancements in renewable energy, trade, tourism, technology, and rich cultural traditions. The Kenya Pavilion will emphasize the …
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The COMESA Competition Commission has found Heineken Holding guilty of engaging in anti-competitive behavior within its distribution network across member countries. Click here to join our WhatsApp Channel After a probe launched in 2021, the regional authority concluded that Heineken’s contracts with third-party distributors breached key sections of the COMESA …
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The Central Bank of Kenya (CBK) has granted approval for Access Bank PLC of Nigeria to fully acquire National Bank of Kenya Limited (NBK), having met all regulatory requirements. Click here to join our WhatsApp Channel This green light follows an earlier endorsement from the Cabinet Secretary for National Treasury …
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The Energy and Petroleum Regulatory Authority (EPRA) has revised fuel prices for the period between April 15 and May 14, announcing a reduction that brings relief to consumers. Click here to join our WhatsApp Channel In its latest monthly review released on April 14, EPRA lowered the prices of petrol, …
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The Capital Markets Tribunal has instructed Amana Capital Limited to pay a total of Sh21.4 million to Susan Mukuhi Kagiri, an investor whose funds were frozen after Nakumatt Holdings collapsed. In a unanimous ruling, the Tribunal rejected Amana’s appeal and upheld the Capital Markets Authority (CMA) decision, determining that the …
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The Kenyan shilling fell by 0.35 percent this week, ending at 129.71, amid mounting uncertainty regarding the effects of U.S. tariff hikes, as reported by the Central Bank of Kenya on Friday. The currency started the week at 129.26 and steadily declined throughout the five days, with ongoing tariff tensions …
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Jubilee Health Insurance Limited (JHIL), a subsidiary of Jubilee Holdings, reported a significant jump in net profit to Sh910 million for the financial year ending December 31, 2024. Click here to join our WhatsApp Channel The impressive growth was attributed to enhanced innovation, improved operational efficiency, and a strong focus …
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The Lower Eastern Times Opening The Third Eye