Kenya is using Ksh.2.6 billion daily to pay debt, the same amount it borrows

By Kepha Muiruri,

Kenya is now using Ksh.2.6 billion daily to pay off its outstanding debt according to a new analysis of government spending by Citizen Digital. Thi...

Kenya's debt distress , National Treasury , taxes

Mobile money transactions hold steady after return of fees

By Kepha Muiruri,

The value and volume of mobile money transactions by Kenyans has held steady defying the end of free transfers up to Ksh.1000 at the end of last year....

Central Bank of Kenya (CBK) , free money transfers , mobile money

Questions over ‘opaque’ fuel pricing regime after hold in fuel costs

By Kepha Muiruri,

Questions have emerged over the mechanism deployed by government in leaving fuel costs unchanged in its latest pump price review effected on Wednesday...

Energy and Petroleum Regulatory Authority (EPRA) , fuel prices

CMA goes after Imperial Bank directors in probe on botched bond offer

By Kepha Muiruri,

The Capital Markets Authority (CMA) has initiated enforcement proceedings against former board members of Imperial Bank over their failure to oversigh...

Capital Markets Authority (CMA) , imperial bank limited

Nairobi ‘dormitory’ towns anchor real estate sector rebound

By Kepha Muiruri,

Nairobi Satellite towns, regarded as the Capital’s dormitory for their popularity with the working class, have anchored the rebound of the real esta...

Cytonn Investment , real estate in Kenya , satellite towns

39 lorries carrying ‘unsafe’ maize from Uganda seized in Busia

By Citizen Reporter,

39 lorries that are said to have been ferrying 'unsafe' maize into Kenya from Uganda have been seized at the Busia border. Also Read: Gov’t allay...

Aflatoxin , maize imports , Museveni , suluhu , Tanzania , uganda

Twitter to open first Africa office in Ghana

By Reuters,

Twitter Inc will open its first African office in Ghana, it said on Monday, as the social media company seeks to make inroads in some of the world’s...

Twitter

Treasury raises Ksh.81.9 billion from April’s infrastructure bond

By Kepha Muiruri,

The National Treasury has raised Ksh.81.9 billion in proceeds from its second infrastructure bond this year, issued this month. The sum raised from...

local borrowing , National Treasury

Huawei releases its 2020 Annual Report

By Agencies,

Huawei has released its 2020 Annual Report. Growth slowed, but the company's business performance was largely in line with forecast. Huawei's sales...

Fresh COVID-19 restrictions dim NSE’s resurgence

By Kepha Muiruri,

Re-imposed restrictions to contain the COVID-19 pandemic have served to reverse gains made by the performance of the stock market. While the Nairob...

COVID-19 , Nairobi Securities Exchange (NSE)

PCF to pay Ksh.409M to Concord, Standard Assurance policyholders

By Kepha Muiruri,

Policyholders in the now defunct Concord and Standard Assurance companies are expected to split Ksh.409 million in compensation from the Policyholders...

Concord Insurance , Policyholders Compensation Fund (PCF). , Standard Assurance , William Masita

Four top officers at Real People Kenya Limited fined over misuse of public funds

By Kepha Muiruri,

The Capital Markets Authority (CMA) has imposed fines on four executives of Real People Kenya Limited (RPKL) over the misappropriation of publicly rai...

Real People Kenya Limited

Africa Check, Google.org partner to fight false information using AI

By Citizen Reporter,

Fact-checking organisations Africa Check, Full Fact and Chequeado received a $2million (Ksh. 218,700,000) grant alongside seven Google.org Fellows who...

africa check , ARTIFICIAL INTELIGENCE , misinformation

March inflation hits 5.9pc on greater fuel costs

By Kepha Muiruri,

The cost of living has tipped further with March inflation coming it at a higher 5.9 per cent from 5.78 per cent in February. According to the late...

fuel costs , Inflation , Kenya National Bureau of Statics (KNBS)

Kenya seeks extension of debt service relief from IMF, World Bank

By Kepha Muiruri,

Kenya will be pushing for an extension of the external debt service suspension program when the World Bank and the International Monetary Fund (IMF) m...

debt , loan , Yatani

Motor insurance coverage valid under curfew hours: IRA

By Kepha Muiruri,

Motorists driving under curfew hours will still have their motor vehicle insurance coverage valid according to the insurance regulator. The Insuran...

coronavirus , curfew , IRA , motor insurance

Kenya to receive Ksh.34.5 billion IMF loan next week: CBK

By Kepha Muiruri,

Kenya is expected to receive Ksh.34.5 billion from the International Monetary Fund (IMF) next week. The loan represents the first batch of a $2.4 b...

IMF , loan

Family Bank Group registers Ksh.1.4B in profit for 2020

By Citizen Reporter,

Family Bank posted Ksh. 1.440billion profit before tax for the group for the full year 2020 against Ksh. 1.422billion in 2019. A statement from the...

Family bank

CBK retains benchmark lending rate at 7% for seventh time

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained its benchmark lending rate unchanged at seven per cent for the seventh straight time. The reserve bank...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , COVID-19

Kenyans in rural areas face the highest cost of living

By Kepha Muiruri,

As the entire country feels the heat of a rising cost of living, sharper consumer prices have hit out at low-income earners and Kenyans in rural areas...

Cost Of Living , Inflation , Kenya National Bureau of Statics (KNBS)