Kentucky Fried Chicken, alias KFC, has suffered a potato shortage at its outlets in Kenya…

The Kenyan bank said it would use the loan to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients in Kenya, especially those facing COVID-19 related challenges.

The loan from IFC is one of the single-largest credit facilities to a Kenyan lender.

Besides shoring up the bank’s capital base, the new loan will also be lent to customers, fitting IFC’s’ impact investing criteria.

IFC encourages the banks it funds to lend to women-owned enterprises and climate-related ventures such as renewable energy projects.

In November 2012, Nduati sold 27 percent of his stake in the insurance company to private equity firms in a deal estimated at Sh300 million.

According to the Business Daily, the African Development Corporation (ADC), which previously held 25.1 percent in Resolution Health, was one of the companies that bought the new shares.

The National Treasury is projecting real GDP growth of 6.0 per cent and 5.8 per cent for 2021 and 2022 respectively and has used the same as the basis for its revenue projections. But this adds to the overall optimism being projected.

In September 2021, the Central Bank of Kenya Governor projected a 6.1 per cent growth rate for 2021 and 5.6 per cent in 2022.

The International Monetary Fund’s most recent forecast puts 2022 growth expectations at 6.0 per cent. The World Bank, on the other hand, projects growth to print at 4.5 per cent and 4.7 per cent in 2021 and 2022 respectively.

We really believe this optimism being projected around is largely irrational and the story of Kenya’s economic growth still remains a puzzle to us. 

While the world is fighting for zero-carbon neutrality, Africa’s—and Kenya’s—struggle to achieve a zero-carbon footprint…

Kenya Airways (KQ) signs a code-sharing deal with Italian airline ITA Airways  KQ said travellers…