FEDHA🇰🇪PULSE; Stay Informed!
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About FEDHA🇰🇪PULSE; Stay Informed!
Welcome to FEDHA🇰🇪PULSE , your premier destination for comprehensive finance updates tailored for Kenya. Whether you're seeking the latest trends, market insights, or regulatory changes affecting Kenya's financial landscape, FEDHA🇰🇪PULSE is your trusted source. With a finger on the global pulse and a heart in Kenya's economy, we bring you timely updates and expert analysis, ensuring you stay informed and empowered to make sound financial decisions. From Nairobi to the world, join us on this journey towards financial awareness and prosperity! https://whatsapp.com/channel/0029Va9pTXU0rGiI9fklGe1m
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*Kenya Earns Sh247M from Turkana Oil. May 22 2025* Last year, Kenya made Sh247 million from crude oil exports in Turkana. The biggest share—Sh143 million—came from one key area. Two other regions contributed Sh87 million and Sh18 million respectively. Revenue sharing follows a national law, but disputes over transparency and usage remain. ^JMI
*EABL May Be Sold as Diageo Cuts Costs. May 22 2025* Diageo, the maker of Johnnie Walker, Guinness & Smirnoff, plans to sell assets worth Sh65 billion — possibly including EABL. The move is part of a major cost-cutting strategy as the company reduces its footprint in Africa after exiting three markets. ^JMI
*WFP Halts Cash Aid in Kenya. MAY 23 2025* The World Food Programme will stop all cash transfers in Kenya from June due to a Sh5.7B funding shortfall. Over 720,000 refugees could be affected, as Kenya now hosts more than 830,000 refugees. Urgent funding is needed to prevent a crisis. ^JMI
*Fuel Market Alert. May 23 2025* EPRA has exposed major oil firms—Vivo, Rubis, TotalEnergies, Ola, BE Energy & Trinity—for overcharging petrol station operators with unapproved fees and limiting their choice of lubricants. This is driving up fuel prices and reducing consumer options. ^JMI
*Kenyans to Verify Age for Social Media Access. May 21 2025* Kenyans will soon need to verify their age using their national ID to access social media. The Communications Authority has directed ICT providers to enforce age checks under new child online protection regulations. ^JMI
*PSV Insurance Power Shift. May 23 2025* Amaco, a firm linked to President Ruto, has doubled its market share to 37.5%, challenging SK Macharia’s Directline, which has dropped to 48%. The shake-up follows shareholder disputes and regulatory battles weakening Directline’s hold on the sector. ^JMI
*Gov’t Slashes Pending Bills by Sh118 Billion. May 24 2025* The government reduced its pending bills by Sh118 billion in Q1 2025, dropping from Sh540 billion in December 2024 to Sh422 billion, as it started settling approved arrears. ^JMI
*Court Blocks Diaspora ID Voting Push. May 23 2025* The High Court has dismissed Busia Senator Omtatah’s bid to allow Kenyans abroad to register to vote using IDs instead of passports. The court ruled that passports fairly prove legal residence outside Kenya. ^JMI
*Govt to Write Off Sh6B Hustler Fund Loans. May 22 2025* The Kenyan government plans to cancel Sh6 billion in defaulted Hustler Fund loans borrowed by 10 million Kenyans in 2022. The move aims to ease the debt burden on citizens and revive the fund's impact. ^JMI
*Today’s Exchange Rates – May 21* USD: Sh129.7 Euro: Sh146 GBP: Sh173 Rates by @pacific_forex ^JMI