Author: Muindi

Equity empowers its customers with seamless, secure, and swift international money transfers in today’s interconnected world. Through strategic partnerships with MoneyGram, Western Union, and others, you can send and receive money from anywhere in the world. Empowering Families and Businesses  Imagine a scenario where a son or daughter working in the USA wishes to send a cash gift to their parents in Kenya through Equity’s International Money Transfer Solutions. The convenience and reliability of accessing the funds through Equity’s expansive branch network make the process remarkably straightforward. The parents only need to walk into any Equity branch near them to…

The Kenyan diaspora sent home 4.19 billion U.S. dollars in 2023, a 4% increase over the 4.028 billion dollars received in 2022, according to the Central Bank of Kenya (CBK). This steady flow makes remittances one of the country’s biggest sources of foreign exchange, alongside exports like horticulture, tea, and tourism. The United States remained the top source of remittances, contributing 56% in 2023. This helped propel Kenya to third place in Africa for diaspora remittance inflows, according to the World Bank’s “Leveraging Diaspora Finances for Private Capital Mobilisation” report. Nigeria led the continent with 3.2 trillion Kenyan shillings (20.5…

Absa Kenya and Safaricom are among 14 companies in Kenya that have been ranked as top employers of choice in Africa for 2024 in a report released by The Top Employers Institute programme. The TEI programme certifies organisations based on the participation and results of their HR Best Practices Survey. This survey covers 20 topics in six HR domains: People Strategy, Work Environment, Talent Acquisition, Learning, Diversity & Inclusion and Employee Wellbeing. Top Employers Institute CEO David Plink says: “Exceptional times bring out the best in people and organisations. These employers have always shown that they care for the development…

By browsing the web, gamblers can notice that the number of online casinos is continuously growing. An impressive collection of platforms available at www.onlinecasinossouthafrica.net/ will hardly leave someone indifferent. But what causes such a drastic shift in the gambling sphere from traditional casinos to their online alternatives? How can the tendency be related to ecological friendliness? In an age where environmental awareness is an obligation, people are making the maximum effort to make reasonable choices that will minimize negative impacts on the environment, eliminate pollution, and decrease waste.  When it comes to the growing number of web-based casinos, it is…

The International Monetary Fund (IMF) has approved a Ksh150 billion (USD941.2 million) loan to Kenya on January 17th.  The funding is under the existing Extended Fund Facility and Extended Credit Facility arrangements. “The Executive Board of the IMF concluded today the 2023 Article IV consultation with Kenya together with the sixth reviews and augmentations of access of USD941 million under the extended arrangements under the EFF and the ECF, approved in April 2021 and extended by 10 months in July 2023 to April 2025, and the first review under the 20-month Resilience and Sustainability Facility (RSF) arrangement, approved in July…

Tanzania has reinstated the approval for Kenya Airways to operate flights between Nairobi and Dar es Salaam. Tuesday’s decision came after a reciprocal move on Monday when Tanzania banned Kenya Airways flights.  The ban was in response to Nairobi’s refusal to allow Air Tanzania, Tanzania’s national carrier, to operate cargo flights between the two countries. In a statement released on Tuesday, Tanzania confirmed that Nairobi had now granted the request for Air Tanzania to operate cargo flights. As a result of this development, the Tanzania Civil Aviation Authority withdrew its decision on 15 January 2024.  “This development demonstrates the spirit…