75% of Kenyan SMEs stare at total collapse by end of June

By Kepha Muiruri,

Three quarters of all small and medium enterprises (SMEs) are staring at a total collapse by the end of June as cash-flows shrink. Central Bank of ...

Central Bank of Kenya (CBK) , SMEs in Kenya

Kenya Airways seeking Ksh.4 billion Gov’t loan to stay afloat

By Kepha Muiruri,

National carrier Kenya Airways (KQ) says it is seeking an additional Ksh.4 billion in government support to stay afloat through the pandemic. The n...

Allan Kilavuka , Kenya Airways (KQ) , Michael Joseph

IMF backs dividend withdrawals by banks

By Kepha Muiruri,

The International Monetary Fund (IMF) has backed the halting of dividend payments and share buy backs by banks in response to the Covid-19 pandemic. ...

dividends , International Monetary Fund (IMF)

African brands’ ranking falls to an all-time low

By Kepha Muiruri,

African brands rank on the continent fell to an all-time low as the admiration for continent based companies continue to take a dent from the competit...

Brand Africa

Used vehicle dealers oppose KRA’s new pricing regime

By Kepha Muiruri,

Used vehicle dealers have opposed the Kenya Revenue Authority (KRA) draft current retail selling prices for imported motor vehicles terming the new da...

Car Importers Association of Kenya , Kenya Revenue Authority (KRA)

Debt dilemma as Kenya must now spend its way out of Covid-19 pandemic

By Kepha Muiruri,

Kenya could be set for an even higher debt stock as its development partners back additional spending amidst the Covid-19 pandemic. Even as falling...

coronavirus , Kenya's debt , National Treasury

Kenya receives Ksh.107B World Bank loan to strengthen budget

By Kepha Muiruri,

The World Bank Board has approved the disbursement of a Ksh. 106.7billion ($1 billion) loan to Kenya from its Development Program Operations (DPO) kit...

Kenya's debt , World Bank Group

CBK seeks to switch T-bill investors to bonds in Covid-19 led pressure

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has sought to switch Treasury bill (T-bill) investors to bonds with a view to provide relief to exchequer upcoming red...

Central Bank of Kenya (CBK) , Kenya domestic debt

Stanbic Bank quarterly profit falls to Ksh.1.5 billion

By Kepha Muiruri,

Stanbic Bank Kenya has announced a reduced Ksh.1.5 billion profit for the period running January 1 to March 31 ,2020. The 35 percent slack in earni...

Stanbic Bank Kenya

IDEMIA appoints new East Africa head to drive regional expansion

By Citizen Reporter,

IDEMIA, global augmented identity solutions provider, has appointed Henry Mkuzi as its East African Region Sales Director as part of the company’s p...

Henry Mkuzi , IDEMIA , Yann Delabrière

Gov’t in talks with employers on how to cushion workers against Covid-19 effects

By Faizal Ahmed,

The government is in talks with employers to develop measures aimed at mitigating the effects of Covid-19 on jobs. Under an MoU signed between the ...

chelugui , coronavirus , COTU , COVID-19 , Employers , FKE , job losses

Coronavirus pandemic deepens Kenya’s debt wound

By Kepha Muiruri,

The Covid-19 pandemic has added salt to Kenya’s long existing debt wound pushing the country closer to the edge of the cliff. This is as the glob...

coronavirus , debt , Ukur Yatani

Oil marketers conspire to raise fuel prices as Kenyans brace for tough times ahead

By Kepha Muiruri,

Oil marketers have made an attempt to manoeuvre existing marketing rules to retain higher fuel costs to Kenyans this month, denying relief to consumer...

EPRA , fuel prices , KenolKobil , oil prices

Mwananchi Credit unveils ‘Switch and Save’ financing model

By Citizen,

Secured loans provider Mwananchi Credit has launched a new product that seeks to help customers effectively manage their loans without straining thems...

Kenyan banks forecast drop in new loans as Covid-19 pandemic impacts sector

By Kepha Muiruri,

Local banks expect new loan accounts to shrink significantly in 2020 as the industry prices in the impact of the Covid-19 pandemic. According to a ...

coronavirus , COVID-19 , KBA

Treasury CS Yatani sneaks back rejected tax proposals in 2020 Finance Bill

By Kepha Muiruri,

Treasury Cabinet Secretary Ukur Yatani has set himself for a showdown with the National Assembly after sneaking back proposals rejected by Parliament ...

2020 Finance Bill , CS Ukur Yatani , National Treasury

Kenya’s debt burden pushes country into negative credit rating

By Kepha Muiruri,

Kenya’s rising debt burden has pushed the country’s credit rating outlook into the negative from a previous stable rating. Global based Moody�...

Kenya's debt , National Treasury

Kenya receives Ksh.78 billion IMF loan to address Covid-19 pandemic

By Kepha Muiruri,

The International Monetary Fund (IMF) Executive Board approved the disbursement of Ksh.78.3 billion ($739 million) in emergency funding to Kenya on We...

Covid-19 pandemic , International Monetary Fund (IMF) , Kenya's debt

RBA caps use of pension funds in home purchases at 40% of contributions

By Kepha Muiruri,

Kenyans will be allowed to deploy up to 40 percent of their pension contribution in residential home purchases, new draft regulations show. The reg...

2020 , affordable housing , Retirement Benefits (Mortgage Loans) (Amendment) Regulations , Retirement Benefits Authority (RBA)

CBK expected to cut base lending rate amidst uncertainty on policy results

By Kepha Muiruri,

The Central Bank of Kenya (CBK) is largely expected to cut its base lending rate further when the Monetary Policy Committee (MPC) meets on Wednesday. ...

Central Bank of Kenya , Covid-19 pandemic , mpc