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Kenya & IMF reach agreement on Ksh.262.7 billion 3-year loan
By Kepha Muiruri,
2045, February 15, 2021 (EAT)
Kenyan authorities and the visiting team from the International Monetary Fund (IMF) have reached a staff-level agreement on the disbursement of a Ksh....
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Gov’t urged to reinstate COVID-19 relief measures to aid economy
By Kepha Muiruri,
1308, February 4, 2021 (EAT)
Members of the Institute of Certified Investments and Financial Analysts (ICIFA) have called on the government to reinstate relief measures to cover K...
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January inflation rises to 5.69pc as Kenyans brace for tough times
By Kepha Muiruri,
929, January 30, 2021 (EAT)
The rate of inflation has soared again in January to reach 5.69 per cent from 5.62 per cent in December as the pressure piles on consumer spending. ...
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CBK warns of a tougher and riskier economic outlook
By Kepha Muiruri,
1825, January 28, 2021 (EAT)
The Central Bank of Kenya (CBK) has warned of a much tougher and riskier economic forecast for the 2021 as the Kenyan economy wades uncertain waters. ...
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Kenyans abroad sent home a record Ksh.341 billion in 2020
By Kepha Muiruri,
1446, January 16, 2021 (EAT)
Kenyans living and working abroad sent home a record Ksh.341 billion in 2020, growing their remittances by 10.7 per cent from Ksh.308 billion in 2019....
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Broke Treasury blames COVID-19 for delayed county funding
By Kepha Muiruri,
1551, January 14, 2021 (EAT)
The National Treasury has blamed the evolving COVID-19 virus for the delayed disbursement of funds to county governments which have since fallen behin...
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2020 review: Millions mark end of the year in economic despair
By Kepha Muiruri,
913, December 31, 2020 (EAT)
Like any other year, the start of 2020 was premised on high hopes for better fortunes and tidings by Kenyans with many coining the unofficial phrase ...
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Shilling remains in free fall as it crosses Ksh.111 mark against the dollar
By Kepha Muiruri,
1321, December 4, 2020 (EAT)
The Kenyan shilling has remained in a free fall as it crosses a new confidence marker to trade past Ksh.111 mark against the US dollar. The local u...
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Banks put on the spot for mimicking ‘rogue’ digital lenders
By Kepha Muiruri,
1733, December 2, 2020 (EAT)
Commercial banks have been put on the spot for resembling digital lenders by saddling Kenyans with exorbitant mobile loans. This is as the traditio...
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Senators call for stricter measures on digital lending apps
By Edwin Obuya,
1517, December 1, 2020 (EAT)
The Senate is now calling for stricter measures on digital lending applications that they say are milking Kenyans dry. The Finance and Budget Commi...
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Kenya shilling slips past 110 mark
By Kepha Muiruri,
1655, November 27, 2020 (EAT)
The Kenya shilling slipped past another crucial confidence marker on Friday as it breached the Ksh.110 mark in its valuation against the US dollar. ...
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Why the CBK isn’t losing any sleep over banks sinking profitability
By Kepha Muiruri,
1143, November 21, 2020 (EAT)
Banks earnings continue to take a beating from economic disruptions occasioned by the COVID-19 pandemic. This however is merely a secondary concern fo...
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Kenya seeks three and a half year access to IMF emergency loans
By Kepha Muiruri,
1054, November 21, 2020 (EAT)
Kenya is in deep talks with the International Monetary Fund (IMF) over the access of emergency bail out loans over the next three and a half years, th...
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Bank jobs on the line as COVID-19 wreaks havoc on industry
By Kepha Muiruri,
1039, November 16, 2020 (EAT)
Bank jobs are now on the line as institutions in the industry trim costs to weather the economic impact resulting from the COVID-19 pandemic. Simil...
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CBK unveils its fourth currency centre in Kisii
By Kepha Muiruri,
1717, October 21, 2020 (EAT)
The Central Bank of Kenya (CBK) has launched its fourth currency centre in Kisii town. The new centre is expected to support the reserve bank’s c...
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CRB listings return as the State sanctioned suspension ends
By Kepha Muiruri,
1056, October 1, 2020 (EAT)
Commercial banks and other lending institutions are set to resume listing loan defaulters effective Thursday with Credit Reference Bureaus (CRB) as th...
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President Kenyatta: Economy doing far better than anticipated in spite of COVID-19
By Kepha Muiruri,
1807, August 26, 2020 (EAT)
President Uhuru Kenyatta now says the economy is performing far much better than anticipated in spite of a general slump triggered by the COVID-19 pan...
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Kenya shilling falls to a new record low
By Kepha Muiruri,
1717, August 19, 2020 (EAT)
The Kenya shilling touched a new low in Wednesday’s trading session against the U.S. dollar as the local unit now sees new bouts of volatility. T...
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Loan defaults derail bank earnings
By Kepha Muiruri,
1910, August 17, 2020 (EAT)
Growing borrowers risk profiles and loan defaults have thrown bank earnings off the trail as lenders continue to provision billions towards expected c...
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60 percent of local hotels open doors as international travel resumes
By Kepha Muiruri,
1654, August 1, 2020 (EAT)
Six hotels out every 10 in Kenya are now open to business following the resumption of international flights. According to the Central Bank of Kenya...
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