The Central Bank of Kenya (CBK) says there will be no extension to the licensing deadline of September 17th 2022 for unregulated digital credit providers (DCPs. Unregulated DCPs are required to apply to the regulator for a license within six months, beginning March 18th 2022 or fold their operations. In a statement Tuesday, CBK said two months have elapsed since the publication of the Digital Credit Providers Regulations 2022 and not all DCPs have made their application to be licensed. “The purpose of this announcement is to remind all currently unregulated DCPs that have yet to apply for licensing, that they…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Nairobi is the only city in Africa that made the top 45 global cities that posted growth in 2021, the latest Prime Global Cities Index by Knight Frank has revealed. Ranking 32nd, Kenya’s capital posted a 3.5 per cent change in growth in the period from 2021 first quarter to 2022 first quarter. The city recorded a 2.4 per cent change in six months from Q3 2021 to Q1 2022 and a 1.3 per cent change between Q4 2021 and Q1 2022. Tarquin Gross, Head of Residential Agency at Knight Frank Kenya said: “This growth can be attributed to pent-up…
The Capital Markets Authority (CMA) has licensed AKN Investments Limited as an investment adviser under the Capital Markets Act and Regulations. The approval brings the number of investment advisors authorized by the Capital Markets Authority to 18. An investment advisor is a person or group licensed under the Capital Markets Act to make investment recommendations or conduct securities analysis in return for a fee whether through direct management of a client’s assets or through written publications. The AKN Investments Limited team includes specialist investment advisors with extensive product and industry knowledge, who have harnessed this to forge deep customer relationships, robust value systems of…
CCI Global, an international contact centre operator in Africa, plans to develop a purpose-built state of the art office facility in Ruiru’s Tatu City and will be creating more than 4,000 jobs for Kenyans. In a statement, the company said its’ five-story facility will be developed by Gateway Real Estate Africa (GREA), a private development company specializing in turnkey construction. The development is expected to be completed by December 2023, and will consist of training facilities and a career centre. “CCI’s business in Kenya, which serves well-known American, British, Australian and other international brands, continues to accelerate, thanks to our…
MAS Intimates Kenya, a Sri Lankan apparel and textile manufacturer is now fully operational in the country after it commenced operations in 2020. Currently, it has employed over 3,000 Kenyans. President Uhuru Kenyatta during its commissioning in Athi River on May 11, described the investment as a testament to the decade-long groundwork laid under the manufacturing pillar of the Big 4 Agenda. ”You have injected over $8.5 million (KSh986 million) into our economy, employed over 3,000 Kenyans and shipped garments worth over $24 million (KSh2.8 billion) which are affixed with the magical, Made in Kenya tag,” he said. 2/2 Set…
Fuel prices in Kenya, Petrol, diesel and kerosene were on Saturday hiked by Ksh.5.50 a litre each in the latest maximum price review by the Energy and Petroleum Regulatory Authority (EPRA). EPRA has attributed the price jump to an increase in the average landed cost of the fuel products with kerosene marking the highest price jump at 31.13 per cent. Super Petrol is now expected to cost Ksh.150.12 in the capital city Nairobi while the cost of diesel and kerosene will rise to Ksh.131 and Ksh.118.94 per litre respectively. In Kisumu, a litre of petrol will go for KSh150.53; diesel…