Kenya’s private sector activity inched up in May after falling sharply a month earlier because of restrictions to curb the spread of coronavirus, but conditions are expected to worsen in coming months, a survey showed on Thursday. The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) came in at 36.7,...
“Rather fail with honor than succeed by fraud”. Sophocles Last week, I looked at the resurgence of digital frauds which is emanating from the increased use of digital banking by customers. It is always a fact that not every customer can take advantage of this opportunity of contactless banking. This is...
Your conclusions may be varied after reading this article. I may have reinforced your belief in the prospects of your intended investment(s) or may have heightened your fears. Regardless, my intents are clear and simple – to provide practical signposts you cannot avoid in making that investment decision, big...
In between her shifts, Zimbabwean nurse Sinothando Mpofu used to go to Bulawayo’s open-air markets to buy tomatoes and cabbages for her family of nine - until the country’s coronavirus lockdown closed all stalls. Mpofu worried about where she would get fresh food, until she saw a message in her...
It is basic economics. A country, any country, needs a significant amount of income redistribution to maintain a robust economy. In the developed world, this guarantee of income redistribution occurs through taxation programmes which serve the overall benefit of society and economic growth; it creates a large consumer market/class...
The Executive Council of the Association of Rural Banks, Ghana, has registered its appreciation and commended all the rural banks which have so far supported government in the fight against spread of coronavirus. The total amount involved in this support is approximately GH¢400,000 - which went into the purchase of...
Mr. James Anti, Chief Executive Officer of Midas Insurance Brokers, has tasked licenced insurance brokers in the country with an urgent need to expand their role beyond facilitators of risk transfer to helping their clients keep pace with social, technological, environmental, economic and political development in order to ensure...
President Nana Addo Dankwa Akufo-Addo has waded into the issue of indiscipline on the country’s roads, and observed that the severity and frequency of accidents on our highways due to over-speeding and indiscipline are a great reproach to all of us. The president hit the nail on its head when...
While the country has demonstrated great appreciation for the work that frontline health workers are doing and have done during the outbreak of COVID-19, a recent revelation that some frontline health workers in the Ashanti Region have been infected by COVID-19 is rather unsettling. We learn that investigations have already...
The Ghana Stock Exchange (GSE) has donated GH¢100,000 to the National COVID-19 Trust Fund to help the nation’s effort to fight the outbreak of the disease. The donation was made in a short ceremony at Jubilee House and received by head of the Trust Fund, Former Chief Justice Sophia...