KCB Group plans to borrow $200 million (Kes26.5 billion) to help rebuild the balance sheet of its Kenyan banking subsidiary up from $100 million, about Kes14.5 billion the bank announced last year.
Given that five out of ten motorcycles in Kenya have been financed by Watu credit, there is almost a fifty percent chance that a stolen motorcycle was acquired through them.
The mob justice is usually to vent anger, the motorcycle is lost, maybe someone has been killed but it does not reduce the frequency of the theft. The thieves are so many and some of them are hiding amongst us so it
Mr Oscar Khalende the Chief Township location in Busia says they have been handling up to ten cases a month over the last couple of months some which have involved very gruesome murders.
Business in Busia has stalled completely as the violence has extended for days and is quickly evolving into dangerous political and tribal lines that will have a lasting effect in the county
IMF said models tracking Kenya’s exchange rates movement over decades showed that while prices shot up during currency depreciations, they do not come down when the shilling strengthens.
I started covering the #EndFemicide protests just after they had set off from Kisumu's revolutionary round about of Kondele. It was my first real journalistic work here, and I had become rusty. The last time I covered protests, were the violent University
You check your wardrobe and some clothes you have never seen for years. If you do not achieve the environment that encourages you to give, you just keep accumulating.
For Kenya, pressure to contain spiraling currency and local domestic maturities have meant that expensive money is preferable to inflation and default.