Sharp Daily

Sharp Daily is your go-to platform for the latest updates on significant happenings in business, investment, real estate, economics, technology, and beyond. Our skilled team of journalists and analysts keeps a watchful eye on crucial sectors to provide you with essential insights on the news that impacts your business and investments the most.

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Articles

Pilate, spare Jesus, condemn Kenya’s corrupt

1 week ago | thesharpdaily.com | Brian Otieno

Pilate sits on his desk tomorrow facing a choice: spare Jesus or crucify him while freeing economic saboteurs who plunder state resources. Like in Peru where the ex-president Toledo was jailed for accepting bribes in exchange for government contracts earlier this week, Kenyan authorities too must take bold steps to tighten the noose on similar offenders and economic criminals to enhance accountability and economic development.
Regional instability costly for Kenya’s economic development

1 week ago | thesharpdaily.com | Brian Otieno

Kenya, a long standing East African economic powerhouse with a vibrant economy driven by an expanding tech system, agriculture, manufacturing and tourism risks losing its prime position due to the significant political and security risks posed by her neighbors. According to the latest World Governance Index report by the World Bank in 2024, the majority of our neighbors were ranked as states with very low, low or medium political risks.
Kenyan shilling stability: Mirage or masterstroke?

1 week ago | thesharpdaily.com | Brian Otieno

Why does the Kenyan shilling seem to hold steady at around KES 129.0 to the US dollar despite ongoing market fluctuations? This question has recently stirred up widespread discussion, inviting deeper reflection on the country’s monetary dynamics. Skepticism around the stability of the shilling and the handling of foreign exchange reserves is not new.
US tariffs and real estate in Kenya

1 week ago | thesharpdaily.com | Brian Otieno

True to his campaign pledge, Trump finally ‘liberated’ Americans from the pressures of inflation and high cost of living by slapping a host of countries, Kenya included with tariffs. To bring you up to speed, Trump ran a campaign of economically liberating America with key proposals including trade policies, tax policies and controlling immigration.
Jubilee Holdings posts 82.5% profit surge in 2024

2 weeks ago | thesharpdaily.com | Kevin Cheruiyot

Jubilee Holdings Limited (JHL) profit after tax (PAT) surged 82.5% to KES 4.7 billion in 2024, up from KES 2.6 billion recorded in 2023. Additionally, the company surpassed the KES 6.0 billion mark (excluding Jubilee Allianz sales proceeds) in Profit Before Tax (PBT) recording KES 6.2 billion for the financial year ended December 2024 demonstrating its strong financial performance, strategic resilience, and market leadership in the insurance sector.
Ethiopia maintains 15.0% benchmark rate to curb inflation and stabilize exchange rates

4 weeks ago | thesharpdaily.com | Kevin Cheruiyot

The National Bank of Ethiopia (NBE) has maintained its 15.0% benchmark interest rate during its second Monetary Policy Committee (MPC) meeting, aiming to control inflation and manage exchange rate expectations. At its inaugural session in December 2024, the committee decided to maintain the rate for similar reasons, as headline inflation stood at 16.9% at the time.
Importance of diversifying your portfolio in money market fund USD

1 month ago | thesharpdaily.com | Kevin Cheruiyot

Investing is a strategic journey that requires careful planning to achieve financial growth and security. One key principle that stands out in investment strategy is diversification. For investors considering or already engaged in local denominated currency, Money Market Fund (MMF) denominated in USD offers numerous benefits that can enhance portfolio resilience and optimize returns.
KCB reports 64.9% profit surge to KES 61.8B in 2024 despite tough market

1 month ago | thesharpdaily.com | Kevin Cheruiyot

Kenya Commercial Bank (KCB) has reported a 64.9 percent growth in profit after tax for the full year of 2024, to KES 61.8 billion, up from KES 37.5 billion during the same period in 2023. The lender says the performance was driven by robust topline growth across all business segments, even amid a challenging operating environment.
Investing in USD money market funds: A smart choice for stability and liquidity

1 month ago | thesharpdaily.com | Kevin Cheruiyot

In today’s uncertain economic environment, investors are constantly seeking safe and reliable options to preserve their capital while earning a reasonable return. One such option is investing in a USD Money Market Fund (MMF) such as Cytonn Money Market USD. These funds are popular among individual and institutional investors for their liquidity, stability, and relatively low risk.
Uganda’s last-minute USD 190.0 mn loan for Umeme buyout sparks parliamentary scrutiny

1 month ago | thesharpdaily.com | Kevin Cheruiyot

Members of the Committee of National Economy have expressed concerns over the Ugandan government’s last-minute request for a USD 190.0 mn loan to facilitate the buyout of Umeme. The loan, expected to be secured from Stanbic Bank, was introduced just a week before the concession agreement with Umeme expires on March 30, 2025. The funds are intended to compensate Umeme for unrecovered capital investments, as stipulated in the lease and assignment agreement.