By Eddy Ashioya Lifestyle Reporter Nation Media Group If you listen only to the words Christine Gakii Nkonge speaks, you will only hear the sound she makes, one of self-assuredness, shed off from all fat and conjecture, simple and concise, delivered with the air of a monk meditating on a mountain. The phrase wise beyond her years was made for moments like these, for people like her. But...
Binary options trading, a form of financial trading where traders predict the direction of an asset's price movement, requires a keen understanding of market trends. Unlike traditional trading, binary options offer a fixed reward and risk, which makes them attractive for their simplicity and predefined outcomes. However, the dynamic nature of financial markets necessitates adaptive strategies for traders...
From inward-looking business to a globally competitive powerhouse: How partnering with a global bank can elevate your enterprise. You may never understand the weight attached to the bank your business runs on until you have to transact with an international entity. One enterprise comes to mind. Just recently, the enterprise was seeking an import arrangement with a global manufacturer and during the...
The way fixed-line telephony was replaced by mobile and internet technologies, so will petroleum-based energy be replaced by renewable energy technologies, which include electric mobility. It is already happening here in Kenya aided by new EV investments, facilitative policies and fiscal support. This is why petroleum supply chain players should reflect on renewable energy phase-in in their petroleum...
By JUSTUS WABUYABO Chief Executive Officer Nuclear Power and Energy Agency One of the key sectors capable of accelerating economic growth is manufacturing. Any country aspiring to attain economic take-off must, therefore, place industrialisation at the centre of its strategic development plans. Acknowledging this reality, Kenya has been persistently looking to rev up the sector that for...
By C.P. CHANDRASEKHAR Economics Professor and Head of Research and Policy IDEAs Less than a year back, a former chief executive of Mastercard, Ajay Banga, was in a surprise move picked to head the World Bank. Putting a Wall Street player addicted to profits in charge of a development institution claiming to help lift poor countries out of their underdevelopment seemed incongruous. Given that the...
KCB Bank Kenya has tapped a $95 million (Sh12.4 billion) loan from Proparco, and European Financing Partners (EFP), for on-lending to women-led entities and green businesses. The lender, part of KCB Group, said on Thursday it signed the credit line on the sidelines of the 2024 Africa CEO Forum in Kigali, Rwanda. Proparco, a French development finance institution that is part of Agence Française de...
By Margaretta wa Gacheru Lifestyle Reporter Nation Media Group Millaz Theatre Company is one of the most successful community theatre troupes in Nairobi. That is why, when they understood that May was Mental Health Month, the company’s playwright in residence, Saumu Combo, volunteered to script a play entitled Backstreet Edition 2, filled with issues relevant to the theme so they could...
By Brian Ambani Business Reporter Nation Media Group The government has more than tripled the budgetary allocation for the administration of the e-Citizen platform to support revenue mobilisation through the system. The Treasury has proposed to allocate Sh689 million to the State Department for Immigration and Citizen Services for the running of e-Citizen in the financial year 2024/25. If...
By Dominic Omondi Business Reporter Nation Media Group The entire supply chain of mosquito repellents—from manufacture to use—will be exempt from paying taxes should lawmakers approve proposals, in the Finance Bill, 2024. In what is meant to boost the fight against malaria, the Treasury has proposed to remove three taxes affecting the production and consumption of mosquito repellents...