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Browsing: Kenya
Moody’s points out that the “…good resilience of Islamic banks despite a difficult operating environment in many African countries, suggests that Sukuk issuance will continue to grow steadily and that these banks will continue to perform well.”
Places like South Africa where the First National Bank, the third-largest banking group in South Africa and the continent, associates its growth to “Islamic” deposits. The South African Islamic bank Al Baraka enjoyed increased profits by 12.4% between January and June 2019 compared to the previous year.
Demand for credit remains high from financially-stressed consumers. Banks and lending institutions had emerged as crucial players in Kenya’s recovery…
The programme has also engaged over 50 official partners in addition to 35 linkage partners and who have enabled the project to link 37,851 youths to digital and digitally enabled jobs on more than 56 digital work platforms.
Carole Kariuki, KEPSA Chief Executive Officer said that (63%) of adult Kenyans nationally were aware of the digital gig economy and that awareness of the Ajira Digital Programme had increased from 5.5 million people (14%) in 2019 to 7.3 million people (29%) in 2021.
The East African Community (EAC) was formed to build socio-economic integration for East African countries. As a result, member states…
Carrefour only had two stores before the takeover Shoprite, the previous owner of the space, has exited Uganda after 21…
The Sustainable Energy Fund for Africa (SEFA) (https://bit.ly/39fnc7x) has announced a $1 million grant to support the government of Kenya…
Stock Market, the heartbeat of any country’s economy. Whenever the stock market is going up or dive down the country’s…
Regional carrier Jambojet has commenced operations to North Kivu Province Capital, Goma in the Eastern Democratic Republic of the Congo,…
The Kenya National Bureau of Statistics (KNBS) released the Economic Survey 2021, indicating that the economy contracted by 0.3% in…
KCB Bank Kenya and the Kenya National Chamber of Commerce and Industries (KNCCI) Mombasa Chapter have signed a partnership to…