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Kenyans abroad sent home Ksh.30.5B in January: CBK
By Kepha Muiruri,
658, February 23, 2021 (EAT)
Kenyans abroad sent home Ksh.30.5 billion ($278.4 million) last month marking a continued flow in diaspora remittances at the start of the year. Ac...
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DTB to close six branches by end of October 2021
By Kepha Muiruri,
1546, February 19, 2021 (EAT)
Tier I lender Diamond Trust Bank (DTB) is expected to shut six branches by the end of October as part of efforts to consolidate its physical footprint...
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Treasury misses Ksh.18B target on February second bond offer
By Kepha Muiruri,
1401, February 18, 2021 (EAT)
The National Treasury has missed its target of raising Ksh.18 billion from its second-stab in February’s bond sale. Having initially fallen shy o...
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Central Bank of Kenya pays Treasury Ksh.5B ‘dividend’
By Kepha Muiruri,
1355, February 18, 2021 (EAT)
The Central Bank of Kenya (CBK) has transferred Ksh.5 billion to the National Treasury as its substantive dividend covering operations in the year end...
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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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Treasury seeks redemption in Ksh.18 billion February bond-tap sale
By Kepha Muiruri,
838, February 11, 2021 (EAT)
The National Treasury has sought Ksh.18 billion in additional borrowing from the domestic market having fallen short of its initial target to raise Ks...
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Retirement schemes assets hit Ksh.952B last year
By Kepha Muiruri,
929, February 11, 2021 (EAT)
Local retirement schemes assets grew by 7.5 per cent to hit Ksh.951.8 billion in 2020 from a lower base of Ksh.885 billion in 2019. This is accordi...
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Flower exporters forecast rosy Valentine’s Day
By Kepha Muiruri,
1453, February 9, 2021 (EAT)
Local flower exporters expect better tidings from this year’s Valentine’s Day sales in contrast to last year. According to the Kenya Flower Cou...
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Nairobi hotels hardest hit in hospitality sector woes
By Kepha Muiruri,
1537, February 5, 2021 (EAT)
Hotels in Nairobi have been hit the hardest as the hospitality sector struggles to crawl out of effects resulting from the COVID-19 pandemic. This ...
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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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Private sector activity hits 3-month high on further restrictions ease
By Kepha Muiruri,
1459, February 3, 2021 (EAT)
Activity by Kenya’s private sector hit a three-month high in January as players continue to profit from a further ease to COVID-19 restrictions. ...
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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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Kenya saves Ksh.121B from fall of oil prices last year
By Kepha Muiruri,
1354, January 29, 2021 (EAT)
Kenya save Ksh.121 billion ($1.1 billion) in foreign exchange from the fall of international oil prices across 2020. Kenya’s oil bill, which repr...
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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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Kenya’s economy slumped into recession after 18 years in September
By Kepha Muiruri,
827, January 28, 2021 (EAT)
The Kenyan economy sunk to its first recession after exactly 18 years in September 2020 with gross domestic product (GDP) falling by 1.1 per cent in t...
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CBK keeps the benchmark lending rate at 7% for the sixth time
By Kepha Muiruri,
1818, January 27, 2021 (EAT)
The Central Bank of Kenya (CBK) has left the benchmark lending rate at seven per cent at its sixth straight policy meeting on Wednesday. In a state...
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Treasury eyes Ksh.50 billion from February bonds
By Kepha Muiruri,
1755, January 27, 2021 (EAT)
The National Treasury has set its sights on raising Ksh.50 billion in locally contracted debt from the sale of bonds in February. The Central Bank ...
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CBK interventions lift digital banking
By Kepha Muiruri,
1726, January 26, 2021 (EAT)
Interventions by the Central Bank of Kenya (CBK) to support cashless transactions under the cloud of the COVID-19 pandemic have served to lift digital...
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CBK to leave the benchmark rate unchanged at 7 per cent
By Kepha Muiruri,
1821, January 25, 2021 (EAT)
The Central Bank of Kenya (CBK) is expected to largely retain the benchmark lending rate at seven per cent for most of 2021. The reserve bank whose...
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Treasury bags Ksh.137B from bonds in January
By Kepha Muiruri,
1417, January 21, 2021 (EAT)
The National Treasury has continued to find easy pickings from the local debt market having added another Ksh.81.1 billion from an infrastructure bond...
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