Newsin Short

Kenya: Exports to Africa up

Kenya's exports to Africa passed the $1 billion ($1.09 billion) mark in the first half of 2022, up from $865 million in the same period in 2021. In its report released on September 1, the Central Bank of Kenya said the windfall represents a 25% year-on-year increase....
in Short

Kenya election result: William Ruto wins presidential poll

In Kenya's Presidential Elections, the Deputy President William Ruto has been declared the winner. According to the official results, William Ruto narrowly beat his rival, Raila Odinga, taking 50.5 percent of the vote. The 77-year-old former Prime Minister, Raila Odinga who was running for President's slot for fifth time got...
in Short

Proparco : Acquisition of a majority equity stake in Diani Beach Hospital in Kenya alongside Ascent Rift Valley Fund II – under the FISEA+ initiative

Proparco, France’s development finance institution and Ascent Rift Valley Fund II, a leading East African private equity fund announced the acquisition of a majority equity stake in Diani Beach Hospital Limited (“DBH”), the leading healthcare provider on Kenya’s South Coast. On Proparco’s side, the investment is made under the FISEA+...
in Short

Kenya: Safaricom launches interest-free loans for buying goods

Safaricom has unveiled a zero-interest credit service that will allow millions of its customers to shop for goods up to Ksh100,000 (approximately $846) and pay later in a move that is set to disrupt the mobile loans market. Users of the interest-free product, to be known as Faraja, will buy...
in Short

Kenya : Economy surpasses pre-pandemic levels in Q1

Kenya’s economy rebounded above pre-pandemic levels with the gross domestic product (GDP) expanding 6.8 percent in the first quarter of this year. The latest Kenya National Bureau of Statistics (KNBS) data shows the GDP was up from 2.7 percent last year and 4.4 percent in 2020 on recovery in the...
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