The High Court has issued a ruling for the liquidation of Tuskys Supermarket, also known as Tusker Mattresses, due to its overwhelming debt. Tuskys Supermarket, which was once the largest family-owned retail chain in East Africa, held a dominant position in the country. As of 2019, it operated a staggering 64 branches. However, the current …
The Central Bank of Kenya (CBK) has announced that the rollout of a Central Bank Digital Currency (CBDC) is not currently a top priority. The allure of the CBDC seems to be fading, according to the CBK’s Discussion Paper on Central Bank Digital Currency, and the bank will continue to closely observe the progress and …
Somalia has achieved a significant breakthrough as its application to join the East African Community (EAC) bloc has been accepted. This represents a momentous occasion for the Federal Republic of Somalia, which had submitted its application back in 2012. The Ministry of Foreign Affairs and International Cooperation expressed sincere appreciation for the endorsement of the …
AAR Insurance, a renowned provider of comprehensive insurance solutions, proudly declares its participation in the United Nations Global Compact (UNGC), showcasing an unwavering dedication to ethical business conduct. The UNGC serves as a voluntary platform for businesses to foster ethical conduct and transparency in their operations. By joining this esteemed global network, AAR Insurance joins …
HFC, in an exciting development, has announced a groundbreaking collaboration with Athletics Kenya (AK) that aims to provide affordable housing opportunities to a vast number of Kenyan athletes. This unique partnership will enable elite athletes and other members of AK to realize their dreams of homeownership at affordable prices, courtesy of HFC’s provision of home …