Bayer

Bayer Streamlines East African Operations By Partnering with Imperial Distributors

Bayer’s Transformation in East Africa Bayer has completed a major shift in its East African operations, transitioning its Pharmaceuticals and Consumer Health business models. This strategic move, effective May 1, 2024, involves outsourcing critical functions like transportation, warehousing, distribution, and customer support to Imperial Distributors. This allows Bayer’s Kenyan entities to focus on corporate affairs,…

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Real Estate Tokenization Kenya

Kenya’s Real Estate on Blockchain: OwnMali Joins CMA Kenya Regulatory Sandbox

The Capital Markets Authority of Kenya (CMA Kenya) has recently welcomed Infiniti n Beyond Limited into its Regulatory Sandbox to trial OwnMali, a pioneering blockchain-powered real estate tokenization platform. This move marks a significant step in integrating blockchain technology into the Kenyan real estate sector. What is OwnMali? OwnMali aims to democratize property ownership by…

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Cbk Dollar

Kenyan Microfinance Banks Report KSh 2.4 Billion Pre-Tax Loss in 2023 Because of Rising Expenses and Stiff Competition

Kenya’s microfinance banks (MFBs) are grappling with substantial financial setbacks, recording a loss of KSh 2.4 billion before tax by December 2023, a sharp increase from KSh 980 million in the previous year. This rise in losses signals serious difficulties in the sector, influenced by several critical factors. Key Factors Behind the Losses Major Contributors…

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Moodys Aaa Afdb

Moody’s Downgrades Kenya’s Credit Rating After Finance Bill 2024 Collapse

Moody’s Downgrade: A Wake-Up Call for Kenya Moody’s Investors Service downgraded Kenya’s credit rating from B3 to Caa1 after the Finance Bill 2024 failed to pass. This bill aimed to increase government revenue but was abandoned due to public opposition and concerns about its economic impact. As a result, Kenya’s fiscal deficit is projected to…

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Kenya Mobile Cash Industry

Kenya’s Digital Gold Rush: Unlocking the Financial Markets Potential using Mobile Phones

The Mobile Revolution Kenya, with over 32 million smartphones in use, is undergoing a financial transformation. Mobile money platforms like M-Pesa have revolutionized transactions, allowing many Kenyans to save, send, and receive payments without traditional banking. This change has been pivotal for 44% of the population previously excluded from formal banking services. Now, a new…

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Digital Credit Providers

Kenya’s Digital Lending Boom: Central Bank Licenses 7 New Credit Providers, Expands to 58

The Central Bank of Kenya (CBK) has taken another significant step in regulating the burgeoning digital credit sector. On June 27, 2024, CBK announced the licensing of seven more digital credit providers (DCPs), pushing the total number to 58. This move underscores CBK’s commitment to creating a well-regulated environment that fosters innovation while protecting consumers….

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