Old Mutual Kenya has partnered with Absa Bank Kenya to launch Linda Biz, a comprehensive insurance product designed specifically for small and medium-sized enterprises (SMEs). This product aims to mitigate various risks that SMEs face, enhancing their sustainability and growth potential. Core Features of Linda Biz Linda Biz offers a range of insurance covers, including:…
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…
The Kenya Shilling (KES) is key to Kenya’s economy. It’s the main currency for all transactions within the country. Knowing what affects its performance is crucial for traders, investors, businesses, and policymakers. This article explores the factors influencing the Kenya Shilling and its recent trends as of May 2024. Kenya has one of Africa’s largest…
