Kenyan Digital Banking Future Shaped by Youths,According to FSD
Insights from FSD Kenya reveal that the youth are becoming the driving force behind the next phase of growth in the banking sector, particularly as digital currencies gain popularity.
Day: February 2, 2024
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Italy Eyes Africa Projects in $6 Billion Plan
The Italian government, led by Prime Minister Georgia Meloni, unveiled a comprehensive near-US$6 billion plan during the Italy-Africa summit in Rome. The initiatives aim to strengthen economic ties, establish an energy hub for Europe, and address African emigration to Europe. The pledge includes an initial commitment of €5.5 billion (US$5.95 billion), signaling Italy’s ambition to…
Canal+ Plan to Aquire MultiChoice for $1.6b
French media company @CANAL+ Group is considering a R31.7 billion ($1.6 billion) acquisition of MultiChoice Group, offering…
Kenchic Goes Green Intergrating Solar Power Systems
Kenchic takes a significant stride towards sustainability with the installation of a 1.32 MW grid-connected solar system at its key facilities, the Kenchic Hatchery and Kenchic Processing Plant. This strategic investment anticipates a 33% reduction in electricity expenses, generating 1,550 MWh of clean, renewable energy to offset a substantial portion of the company’s power needs….
KeNHA Reveals a KSH 394 Billion Plan For Highway Development
The Kenyan government outlines an ambitious five-year plan, allocating Sh394 billion for the construction, repair, and improvement of major highways, despite fiscal constraints leading to a reduction in the overall road budget. The Kenya National Highways Authority (KeNHA) strategically allocates Sh192.5 billion for the enhancement of major roads, including the dualling of the Rironi-Nakuru-Mau Summit,…
Co-op Bank Increases Daily ATM Cash Limit to KSH 60,000
Co-operative Bank of Kenya responds to the diminished spending power of customers by raising its daily ATM withdrawal limit by 50% to Sh60,000
Kenya National Treasury Secure Ksh 200M From Climate Finance Initiatives
The Kenya National Treasury secures a significant financial boost of over Sh200 billion through strategic engagement with international climate finance initiatives