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CBK green lights Jamii Bora buyout by Co-op Bank
By Kepha Muiruri, 1808, August 7, 2020 (EAT)
The Central Bank of Kenya (CBK) has given the nod for the acquisition of Jamii Bora Bank (JBB) by the Cooperative Bank of Kenya. The acquisition is...

CBK , Cooperative Bank of Kenya , Jamii Bora Bank
Flower workers receive Ksh.8 million COVID-19 aid
By Kepha Muiruri, 1738, August 6, 2020 (EAT)
Flower workers are set to benefit from aid worth Ksh.8 million in the form of food packages and mobile money transfers. The aid by civil society gr...

Horticulture in Kenya , Kenya Flower Council (KFC)
Money in circulation grows by Ksh.203 billion in four months
By Kepha Muiruri, 1929, August 5, 2020 (EAT)
Money in supply within the Kenyan economy has defied the shocks of the COVID-19 pandemic expanding by Ksh.203 billion or an equivalent 30.7 per cent. ...

Central Bank of Kenya (CBK) , COVID-19 , money in circulation
Value of mobile money transactions hit record Ksh.392 billion in June alone
By Kepha Muiruri, 1023, August 4, 2020 (EAT)
The value of mobile money transactions set a new Ksh.392.2 billion all-time monthly record in June translating to an average Ksh.13.1 billion worth of...

Central Bank of Kenya (CBK) , COVID-19 , mobile money
DIAZ: Finally some light at the end of the tunnel
By Guest Writer, 1558, August 3, 2020 (EAT)
Just a few months back, we feared the worst for the world economies. As the Covid-19 pandemic ravaged through developed economies to hit at the hea...

coronavirus , Kenya economy , safe flights
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...

COVID-19 , Hotels , international flights
Kenyan diaspora defies Covid-19 to keep dollars flowing
By Kepha Muiruri, 1644, August 1, 2020 (EAT)
The Kenyan diaspora has defied hardships arising from the Covid-19 pandemic to keep dollars flowing into the country. The flows termed as diaspora ...

Central Bank of Kenya (CBK) , COVID-19 , diaspora remittances
CBK leaves benchmark rate unchanged for third time at 7%
By Kepha Muiruri, 1434, July 30, 2020 (EAT)
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent for the third straight month. The CBK Monetary Policy Comm...

CBK , CBR
Safaricom projects Ksh.19B hit to M-Pesa revenues
By Kepha Muiruri, 1430, July 30, 2020 (EAT)
Giant telco operator Safaricom expects to lose a total of Ksh.19 billion from its mobile-money service M-Pesa following the waiver of fees on transact...

M-pesa , Safaricom
COVID-19: Banks extend relief as loan restructures hit Ksh.844B
By Kepha Muiruri, 1013, July 30, 2020 (EAT)
Commercial banks have continued to extend relief to borrowers with loan restructures to cushion against the pandemic hitting Ksh.844.4 billion in June...

banks , coronavirus , COVID-19 , KBA , loan
Treasury raises stakes as it seeks Ksh.70 billion in August bond sale
By Kepha Muiruri, 1506, July 28, 2020 (EAT)
The National Treasury has upped the ante in domestic borrowing as it now seeks Ksh.70 billion in August’s infrastructure bond sale. The raised ta...

Central Bank of Kenya (CBK) , domestic borrowing , National Treasury
Gov’t to set annual debt limit to tame runaway borrowing
By Kepha Muiruri, 1608, July 27, 2020 (EAT)
The government is expected to set an annual debt limit through its fiscal monitoring agencies and Parliament to contain outlandish borrowing. The n...

debt , National Treasury , Public Debt Management Office (PDMO)
High dollar demand sends the Shilling rocking past Ksh.108 mark
By Kepha Muiruri, 1105, July 23, 2020 (EAT)
The Kenya shilling has sunk to a new low having breached the Ksh.108 mark against the US dollar on Wednesday. The Central Bank of Kenya (CBK) quote...

Central Bank of Kenya (CBK) , shilling
Treasury raises Ksh.81 billion in debut 2020/21 bond sale
By Kepha Muiruri, 1100, July 23, 2020 (EAT)
The National Treasury domestic borrowing program through bonds has been off to a flier raising Ksh.80.9 billion in new proceeds against a Ksh.60 billi...

domestic borrowing , National Treasury
CBK steps up shilling mop-ups to rein in depreciation
By Kepha Muiruri, 1704, July 18, 2020 (EAT)
The Central Bank of Kenya (CBK) has registered a step-up in the mopping of the shilling from the market in a week that saw the unit touch a new low of...

Central Bank of Kenya (CBK) , Kenya Shilling
Treasury retains inflation target at 5 percent for the ninth straight year
By Kepha Muiruri, 1130, July 18, 2020 (EAT)
The National Treasury has retained its inflation target at 5 percent with a 2.5 percent margin on either side for the ninth straight year. The Cent...

CBK , Inflation , National Treasury
Petrol, diesel prices rise by Ksh 11.38 and Ksh.17.30
By Kepha Muiruri, 932, July 15, 2020 (EAT)
The rise in landed cost of imported fuel has marked the end of relief for motorists as petrol and diesel costs pick up by Ksh.11.38 and Ksh.17.30 resp...

Energy and Petroleum Regulatory Authority (EPRA) , fuel prices
Co-operative bank given green-light to acquire Jamii Bora
By Kepha Muiruri, 1054, July 2, 2020 (EAT)
The shareholders of Jamii Bora bank has approved the acquisition of the lender’s majority stake by the Co-operative Bank of Kenya in meeting held We...

Co-operative Bank of Kenya , Jamii Bora Bank , mergers and acquisitions
Local firms’ foresee an economic rebound on further restrictions ease
By Kepha Muiruri, 947, July 2, 2020 (EAT)
Local enterprises foresee a potential economic rebound should government further ease restriction measures to contain the COVID-19 pandemic. As the...

Central Bank of Kenya (CBK) , COVID-19 , Kenya's economy
David Ansell retires as Equity Group Board Chair, Prof. Isaac Macharia takes over
By Citizen Reporter, 1752, July 1, 2020 (EAT)
The Equity Group Board has appointed Prof. Isaac Macharia Equity Group Holdings Board Chairman to take over from David Ansell. Ansell did not offer...

David Ansell , Equity , munga