The second day of the Kenya-DRC Investors Roadshow, hosted by Equity Group, saw the signing of a Memorandum of Understanding (MoU) between Equity Group and Schneider Electric at the EquityBCDC head office in Kinshasa, DRC. The partnership aims to promote access to affordable energy solutions to enhance the quality of life for consumers in the DRC. Additionally, Equity BCDC and Schneider will collaborate on the opening of 10 DRC nationwide training centres to offer young people training in skills related to clean energy deployment. Kenya’s Ambassador to DRC, Amb. George Masafu, and IFC Country Manager for the Democratic Republic of…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Chief Justice Martha Koome has appointed a three-judge bench to hear the petition challenging the Finance Act 2023. High Court Judge David Majanja will preside over the bench, which includes Justice Lawrence Mogambi and Justice Christine Meoli. https://twitter.com/Kenyajudiciary/status/1681306459567693824?s=20 The Finance Act 2023 was suspended by Justice Mugure Thande who directed that the file be placed before the CJ for directions. The implementation of the Finance Act 2023 was challenged by Busia Senator Okiya Omtatah, Eliud Matindi, Michael Otieno and four others, who claimed that the Finance Act 2023 was unconstitutional. The state, represented by the Attorney General’s lawyers, had requested…
Morocco and Zambia will debut at the 2023 FIFA Women’s World Cup. They will join Nigeria, Ghana, Cameroon, Ivory Coast, Equatorial Guinea, and South Africa. Morocco and Zambia, with Nigeria and South Africa, qualified for the FIFA Women’s World Cup by reaching the last four of the 2022 Women’s Africa Cup of Nations. Women’s World Cup Groups and Teams Group A: Norway, Switzerland, New Zealand, Philippines Group B: Canada, Australia, Nigeria, Ireland Group C: Spain, Japan, Costa Rica, Zambia Group D: England, Denmark, China, Haiti Group E: U.S., Netherlands, Portugal, Vietnam Group F: France, Brazil, Panama, Jamaica Group G: Sweden,…
The Sahara Group Foundation has announced twenty (20) social innovators from across Africa to be part of its 2023 Sahara Impact Fund Fellowship programme. The Foundation is partnering with LEAP Africa, a youth-focused leadership development nonprofit organization, and Impact Amplifier, a South African-based advisory firm, to deliver the program. The program aims to empower visionary African changemakers with the knowledge and resources required to expand their social enterprises and help address the environmental and social challenges affecting our society. With a focus on increasing access to energy and promoting sustainable environments, the Sahara Impact Fund program attracted over three hundred…
The Co-operative Bank of Kenya has received a 7-year funding facility amounting to Sh13.8 billion from a consortium of financial institutions led by DEG. The funding is for on-lending mainly to Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya. The loan is a Tier II Facility that has been fully disbursed. https://twitter.com/Coopbankenya/status/1679804043202375683?s=20 DEG acted as Lender, Mandated Lead Arranger and Facility Agent, while the Consortium included The Africa Agriculture & Trade Investment Fund (AATIF), Micro Small Medium Enterprises Bonds (MSMEB) and European Development Finance Institutions such as Finnfund, Norfund and the co-financing facility European Financing Partners (EFP). Co-operative Bank Group…
Kenyans living in the diaspora sent home USD 345.9 million in June, a 6.1% increase from USD 326.1 million in June 2022. The cumulative inflows for the 12 months to June remained steady at USD 4,017 million, an increase of 0.1% from the previous year. The US remains the largest source of remittances to Kenya, accounting for 54% in June 2023. Month North America Europe Rest of World Total Remittances (USD ‘000) JAN 212,010.98 59,838.87 77,541.98 349,391.83 FEB 189,034.56 56,820.89 63,317.25 309,172.70 MARCH 212,079.84 66,569.69 78,330.94 356,980.47 APRIL 187,888.79 53,533.53 78,894.28 320,316.60 MAY 195,185.70 62,490.54 94,429.56 352,105.80 JUNE 195,529.61 67,010.50…