Category: Finance News

May 21, 2019 0

OECD cuts global growth forecast as US-China tensions rise

By mykenyancareers

PARIS, France, May 21 – The OECD on Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the US-China trade war threatens to crimp global growth. “Governments must act urgently to reinvigorate growth that benefits all,” the Organisation for Economic Co-operation and Development said … Continue reading “OECD cuts global growth forecast as US-China tensions rise”

May 21, 2019 0

Family Bank commissions second autism centre in Uasin Gishu

By mykenyancareers

ELDORET, Kenya, May 15 – Family Bank, through the Family Group Foundation, has completed the refurbishment and equipping of a second classroom block at Sosiani Primary School that will enable even more students living with autism to access specialized learning in a conducive environment. With this second classroom block, the foundation has now invested Sh1.5 … Continue reading “Family Bank commissions second autism centre in Uasin Gishu”

May 21, 2019 0

Safaricom Monthly Bundles to offer free 5GB YouTube Streaming

By mykenyancareers

NAIROBI, Kenya – May 21 – Safaricom has announced that all its customers purchasing the All in One Monthly Bundles will enjoy an additional 5 Gigabytes of YouTube for free, valid for 30 days. Customers can use the free 5 GB to stream YouTube on their smartphones at any time of the day with the … Continue reading “Safaricom Monthly Bundles to offer free 5GB YouTube Streaming”

May 21, 2019 0

Minet target schools, learning institutions with new insurance products

By mykenyancareers

NAIROBI, Kenya May 21 – Insurance brokerage firm Minet Kenya has unveiled several insurance policies targeting learning institutions. The policies covers teaching liabilities, students’ personal accident covers, assets and other liabilities, pecuniary and institutions’ employees covers. The teaching Institution Liability policy covers legal liabilities to third parties including liability claims related to professional and managerial … Continue reading “Minet target schools, learning institutions with new insurance products”

May 21, 2019 0

Kenya issues yet another Sh210bn Eurobond

By mykenyancareers

NAIROBI, Kenya, May 16 – Kenya has issued another Sh210 billion Eurobond that will be used to finance the budget and repay an earlier acquired bond. In a statement, the Treasury Cabinet Secretary Henry Rotich stated that the proceeds from this issuance will also be used to finance some of the development infrastructure projects. “The … Continue reading “Kenya issues yet another Sh210bn Eurobond”

May 21, 2019 0

World Bank agrees on sh10bn fund for development in 3 counties

By mykenyancareers

NAIROBI, Kenya, May 16 – Three county governments and the World Bank have agreed on a Sh10-billion Development Response to Displacement Impacts project. The initiative, which is aimed at improving access to water, healthcare, education and building resilience of communities in northern Kenya, will see Garissa, Wajir and Turkana benefit from it. The project is … Continue reading “World Bank agrees on sh10bn fund for development in 3 counties”

May 21, 2019 0

CBK partners with five banks to support SMEs

By mykenyancareers

NAIROBI, Kenya, May 21 – Central Bank of Kenya has partnered with five commercial banks to introduce a loan application app that will support the Micro-Small and Medium Scale Enterprises. Commercial Bank of Africa, the Cooperative Bank of Kenya, Diamond Trust Bank Kenya Limited, KCB Bank Limited and NIC Group are the banks steering the … Continue reading “CBK partners with five banks to support SMEs”