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The fund will be used by the national government to provide basic services including water, roads, health facilities and electricity to the marginalized areas so as to bring the quality of services in those areas to the same level as generally enjoyed by the rest of the nation. This fund was created by Article 204 (1) of the Constitution of Kenya.
The British Consolidated Fund was so named as it consolidated together a number of existing accounts, detailed below, and facilitated proper parliamentary oversight of the spending of the executive; it was defined as "one fund into which shall flow every stream of public revenue and from which shall come the supply of every service".
Consolidated Bank is a medium-sized financial services provider in Kenya, focusing on meeting the banking needs of small and medium-sized enterprises in the country. As of December 2017, the Bank's total asset valuation stood at about US$133.6 million (KES: 13.5 billion), with Shareholders' Equity valued at about US$10.5 million (KES: 1.06 ...
The Hustler Fund, administratively also known as The Financial Inclusion Fund, is a loan project led by the Kenyan government which provides instant loans to Kenyan citizens upon request. The program was launched by President William Ruto in late 2022 with the intention of providing at least $420 million in loans.
Private equities - the main private equity held by the fund is 11.2% of the issues share capital of the Consolidated Bank of Kenya. [8] Others include the Nairobi City Council Stock. [5] Listed equities - the fund is a leading investor on the Nairobi Securities Exchange, including in the following companies: [9]
The Central Bank of Kenya (CBK) (Swahili: Banki Kuu ya Kenya) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Kamau Thugge, CBS is the current Governor and Dr. Susan Koech is the Deputy Governor.
This is the list of conglomerates in Kenya. # Name Headquarters Nature of business 1: Sameer Group: Nairobi:
KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya Limited, KCB Bank Burundi Limited, KCB Bank Rwanda Limited, KCB Bank South Sudan Limited, KCB Bank Tanzania Limited, KCB TMB Congo and KCB Bank Uganda Limited.