Shilling –From early next week, the shilling will start strengthening following an expected move from dollar market. The Shilling will stabilise slightly against the dollar after manufacturers and fuel importers resorted to reducing their dollar purchases. As of Thursday, August 22, commercial banks quoted the shilling at 128.50/129.50 per dollar…
Author: Pesa Today
Banks -Absa Bank Kenya PLC plans to expand its reach with more than 17,000 agency service outlets across the country. The financial institution plans to actualize this in two years, making a return to markets that it abandoned seven years ago as it closed its branches. The first phase of…
Finance –Newly-appointed Treasury Cabinet Secretary John Mbadi has today, Wednesday August 14, met with International Monetary Fund officials. The officials paid him a courtesy call at the Treasury offices where the two parties discussed how to stabilize the economy. “The IMF Representative in Kenya, Mr. Selim Cakir, paid a courtesy…
Investments -One reason why money market fund has become appealing is because in the few past yearsd this has become more profitable in interests from investments. Among others, KCB Money Market Fund is one type, which has become more appealing to investors locally. KCB Money Market Fund is a money…
Office – The University of Nairobi Council on Monday announced the appointment of Prof Margret Jesang’ Hutchinson as acting Vice-Chancellor. Jesang, who has been serving as Deputy Vice-Chancellor for Research, Innovation and Enterprise (RIE), will assume the new role for a period of three months. However, the suspended VC, Professor…
Office –Parliament committee has approved all 20 Cabinet Secretary nominees for appointment by the president. This is after a rigourous four-days vetting exercise that was conducted by the vetting committee under the leadership of Speaker Moses Wetang’ula. The 20 Cabinet secretaries cleared by Parliament are among others, Davis Chirchir, Kithure…
Forex -Apart from technical analysis that involves learning the curve trend, Forex trading also requires fundamental skills to maximize earnings. It cannot be overemphasized that understanding and predicting market movements can help traders make informed decisions, minimise risks, and seize opportunities. Here are some essential tips on how to analyse…
Success -Mining Cabinet Secretary Hassan Ali Joho on Sunday told the vettimng panel that he is worth a whopping sh 2.36 billion. Revealing his estimated net worth at Ksh 2.36 billion, the two term Mombasa County Governor told the Parliamentary Committee on Appointments that he had to overcome his childhood…
Wealth -President William Ruto’s latest cabinet shake-up has thrust John Mbadi currently worth into the spotlight as the new nominee for the position of Cabinet Secretary for the National Treasury. Mbadi, a seasoned politician with an impressive portfolio, is stepping into the role with a reported wealth of Ksh 380…
Office ––Cleophas Malala has been replaced by Hassan Omar in the new purge taking place in the ruling party following a spate of wrangles. The changes coming just two days after goons believed to be funded by Mr.Malala invaded the United Democratic Alliance Party headquarters along Ngong Road Nairobi and…