Isaac Korir

Africa, Nairobi, The Hague

Digital Journalist at Journalists For Justice

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Articles

Credit Bank Seeks Shareholder Approval for NSE USP Listing

1 week ago | khusoko.com | Isaac Korir

Credit Bank Plc, an SME-based bank in Kenya, seeks shareholder approval to list its shares on the Unquoted Securities Platform of the Nairobi Securities Exchange (NSE). This proposal will be a key agenda item at the bank’s 39th Annual General Meeting, scheduled to be held virtually on Monday, 7th July 2025, at 10:00 AM.
Twiga Foods Pauses Nairobi Operations Amid Major Restructuring

2 weeks ago | khusoko.com | Isaac Korir

Twiga Foods, a leading Kenyan agri-tech and food distribution company, announced a two-month suspension of its Nairobi operations, effective immediately, to complete the final phase of a business transformation strategy. The suspension follows extensive internal restructuring, acquisitions, and layoffs, enabling Twiga to relocate its distribution hub from Tatu City to a facility closer to Nairobi for enhanced strategic positioning.
China Grants Zero Tariffs to 53 African Nations

2 weeks ago | khusoko.com | Isaac Korir

Chinese President Xi Jinping has declared that China will extend zero-tariff treatment to 100% of tariff lines for all 53 African countries with which it maintains diplomatic relations. This move aims to deepen economic ties and enhance trade between China and Africa. President Xi announced in a letter addressed to ministers attending the Ministerial Meeting of Coordinators on the Implementation of Follow-Up Actions of the Forum on China–Africa Cooperation (FOCAC).
Kenya's Private Sector Growth Slows as Consumer Spending Weakens in May

2 weeks ago | khusoko.com | Isaac Korir

Kenya’s private sector saw its seven-month streak of improving business conditions pause in May 2025, with rising prices driving reduced consumer spending and a slight output contraction. The Stanbic Kenya Purchasing Managers’ Index (PMI) fell from 52.0 in April to 49.6 in May, dipping below the 50.0 no-change threshold for the first time since September 2024. This marks a modest deterioration in private sector health following sustained growth.
KRA Launches Chatbot to Support MSME Tax Compliance

3 weeks ago | khusoko.com | Isaac Korir

The Kenya Revenue Authority (KRA) plans to launch an online chatbot to provide tax information and services to micro, small, and medium enterprises (MSMEs). This initiative, announced by Mr. George Obell, Acting Commissioner of the Micro and Small Taxpayers Department, aims to enhance customer service and improve tax knowledge among MSMEs.The chatbot will address common queries related to tax compliance, complementing KRA’s ongoing nationwide taxpayer sensitisation programs.
International lenders called out on ballooning debt and corruption in poor countries

3 weeks ago | jfjustice.net | Isaac Korir

International lenders have been accused of supporting policies that favour the wealthy while at the same time increasing the burden on the poor in developing countries. According to Stealing the Future, a report released in Nairobi by The Institute for Social Accountability (TISA), the Africa Centre for Open Governance (AfriCOG), and the Okoa Uchumi Campaign, the Kenyan government is putting the interests of a rich few people ahead of the public, especially young people.
Kenya Gambling Board Tightens Rules on Advertisements

4 weeks ago | khusoko.com | Isaac Korir

The Betting Control and Licensing Board (BCLB) has banned the use of celebrities, influencers, and content creators in gambling advertisements as part of new measures to protect vulnerable Kenyans from the risks of betting. This announcement follows the lifting of a 30-day suspension on gambling ads that began on April 29. “Gambling adverts shall not glamorise betting or use celebrities, influencers, and content creators to endorse or promote gambling,” the board stated in a notice on Thursday.
Equity Group Q1 2025 Profit Declines but Core Business Remains Resilient

1 month ago | khusoko.com | Isaac Korir

Equity Group Holdings Plc, East and Central Africa’s largest bank by market capitalisation, reported a 4% drop in net profit for the first quarter ended March 31, 2025, amid a challenging economic environment and lower non-funded income.
Carrefour Opens 24-Hour Mombasa CBD Store

1 month ago | khusoko.com | Isaac Korir

Majid Al Futtaim, Carrefour’s exclusive franchisee in Kenya, has opened its 29th store at Sea Angel Mall on Jomo Kenyatta Avenue, in Mombasa’s Central Business District. This milestone introduces Carrefour’s first 24-hour outlet in Mombasa CBD, offering round-the-clock grocery access for residents, commuters, and travellers in a high-traffic area.
Standard Chartered Bank Kenya Reports 13.5% Profit Decline in Q1 2025

1 month ago | khusoko.com | Isaac Korir

Standard Chartered Bank Kenya Plc reported a 13.5% decline in net profit to KSh 4.86 billion for the first quarter of 2025, marking its first earnings contraction in recent years. This dip follows KSh 5.61 billion in profit after tax recorded during the same period in 2024. The primary driver for the profit reduction was a significant 59.1% plunge in forex trading income, which negatively impacted overall non-interest revenue.