Almost half of Kenyaโs 14 microfinance banks could face mergers or acquisitions after CBK proposed raising the minimum core capital from Sh60 million to Sh250 million.
Affected microfinance banks:
โ Kenya Women
โ Branch
โ Maisha
โ Daraja
โ Choice
โ LOLC
โ Muungano
Kenya will miss out on emergency funding from the World Bank meant to cushion the economy from the impact of the Middle East war.
Instead, the lender will only consider Kenya's earlier request for a Sh98 billion loan.
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Kenya plans to lease seven more KPA assets under a PPP deal, including key Mombasa berths and the ICDs in Nairobi and Naivasha.
Private firms will operate the facilities, while the government retains ownership.
Zimbabwean businessman Wicknell Chivayoโs IMC Construction Kenya, together with Chinaโs CRBC and CCCC, has won a Sh375 billion JKIA expansion tender.
The project includes a new terminal and runway.
Source: ZimLive