Category Business

Isiolo’s Long-Awaited Export Abattoir Edges Closer to Reality

After years of stalled promises, Isiolo’s long-awaited export abattoir is finally nearing completion. With Governor Abdi Ibrahim Hassan’s administration injecting resources and global partners backing the project, pastoralists see the facility as more than infrastructure, it is a lifeline that could restore dignity and transform livelihoods across northern Kenya.

Moody’s Downgrades Kenya’s Credit Rating to Caa1

Moody’s Ratings downgraded Kenya’s credit rating from B3 to Caa1 on July 8, 2024, indicating significant concerns about the country’s financial stability and debt management capabilities. Kenya’s government faced widespread protests and subsequently abandoned planned tax increases included in the…

Massive Card Fraud Scandal Rocks Equity Bank

In a startling twist of fate, Equity Bank, a renowned microfinance institution in Kenya’s financial sphere, finds itself entangled in a perplexing conundrum. A staggering sum of Ksh 179,677,736 has been illicitly disbursed from the bank’s MasterCard incoming GL to…